S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
Market Update

India Movers: Bajaj, GSFC, GNFC, ITC, Kalpataru, Motherson Sumi


Author: Mukesh Buch
ticker.com
Last Update: 9:15 AM ET May 17 2013

6:00 PM Mumbai – Aarti Drugs fourth quarter net soared 86% and Bajaj Holdings net rose 6%. GSFC net tumbled 75% and GNFC net declined 10%. ITC net climbed 19% and Kalpataru net plunged 14%. Motherson Sumi net edged up and Mahindra Satyam net surged. Sun TV net climbed 12%.

The Sensex Index gained 38.79 to close at 20,286.12 The CNX Nifty rose 17.40 to close at 6,187.30.

For the week Sensex increased 1%

Gainers & Losers

Aarti Drugs Limited surged 10% to Rs 210.15 after the generic drug maker said fourth quarter net profit soared 86.4% to Rs 13.81 crore and sales advanced 10.5% to Rs 220.18 crore.

For the year, net profit jumped 101.4% to Rs 45.24 crore and sales climbed 25.1% to Rs 824.84 crore.

Bajaj Holdings & Investment Limited rose 0.2% to Rs 917.25 after consolidated net profit in the fourth quarter gained 5.6% to Rs 664.37 crore.

For the quarter, sales climbed 28.69% to Rs 81.2 crore compared to Rs 63.8 crore and sales for the year jumped 14.8% to Rs 743.68 crore from Rs 647.93 crore a year earlier.

For the year, consolidated net profit jumped 10.6% to Rs 1,856.38 crore.

Gujarat State Fertilizers & Chemicals Limited slipped 1.4% to Rs 56.60 after the fourth quarter net profit tumbled 74.6% to Rs 58.44 crore and net sales climbed 10.9% to Rs 1,696.10 crore.

For the year, net profit plunged 31.6% to Rs 518.10 crore and net sales jumped 17.9% to Rs 6,253.30 crore.

Gujarat Narmada Valley Fertilizers & Chemicals Limited declined 3% to Rs 83 after fourth quarter net profit declined 10.5% to Rs 67.26 crore and sales dropped 5% to Rs 1,096.66 crore.

For the year, net profit slipped 3.8% to Rs 273.11 crore and sales climbed 10.1% to Rs 4,252.57 crore.

ITC Limited slid 0.6% to Rs 334.70 after the hotel and tobacco conglomerate said net profit in the fourth quarter climbed 19.4% to Rs 1,927.98 crore and net revenue jumped 19.1% to Rs 8,511.38 crore.

For the year, net profit surged 20.4% to Rs 7,418.39 crore and net revenue soared 18.7% to Rs 30,839.97 crore.

Kalpataru Power Transmission Limited dropped 2.1% to Rs 78.30 after the infrastructure equipment maker said net profit in the fourth quarter plunged 14.3% to Rs 48.63 crore and revenues fell 2.8% to Rs 1,031.60 crore.

For the year, net profit declined 16.5% to Rs 137.70 crore and revenues jumped 9.98% to Rs 3,335.40 crore.

As on March 31, company had consolidated order book are more than Rs12,400 crore, excluding its subsidiary’s order book above Rs 6,800 crore.

Motherson Sumi Systems Ltd declined 4.1% to Rs 204.40 after consolidated net profit in the fourth quarter rose 0.5% to Rs 195.80 crore and revenues grew 3.9% to Rs 6,599 crore.

For the year, consolidated net profit jumped 71.2% to Rs 444.54 crore and total revenue surged 71.8% to Rs 25,633.91 crore.

Mahindra Satyam slumped 1.6% to Rs 107.45 after the tech services provider consolidated profit after tax in the fourth quarter jumped more than four-fold to Rs 454 crore and revenue rose 0.2% to 1,936 crore.

Net profit for the quarter declined 40.3% to Rs 266.67 crore from Rs 446.69 crore a year earlier.

For the full year net profit declined 25% to Rs 901.88 crore compared to Rs 1,202.80 crore during the last year.

Sun TV Network Limited dropped 3.2% to Rs 429 after the cable TV network operator said net profit in the fourth quarter advanced 12% to Rs 177.50 crore and revenue climbed 11% to Rs 472.67 crore.

Advertisement revenue in the quarter soared 15% to Rs 269.40 crore.

For the year, net profit fell 1.6% to Rs 683.34 crore and revenue grew 3% to Rs 1,817.62 crore.

  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc