6:00 PM Mumbai – Balkrishna Ind net jumped 13% and net sales surged 17%. DCM net swung to a loss but revenue climbed 8%. Mysore Paper Mills dropped after net loss widened. Punjab National Bank raised Rs 500 crore through a bond offering. United Spirits fell after net swung to a big loss.
The Sensex Index fell 54.01 or 0.2% to close at 27,085.93 The CNX Nifty slid 18.65 to 8,095.95.
Gainers & Losers
Balkrishna Industries Limited
climbed 2.9% to Rs 770.75 after net profit in the first-quarter jumped 12.7% to Rs 115.41 crore and net sales surged 17.4% to Rs 948.07 crore.
fell 0.8% to Rs 80.05 after the company reported net in the fourth-quarter swung to a loss of Rs 11.28 crore from profit of Rs 6.02 crore and sales climbed 7.6% to Rs 227.48 crore.
The Mysore Paper Mills Ltd
dropped 2.9% to Rs 4.74 after net loss in the fourth-quarter widened to Rs 23.70 crore compared to Rs 21.19 crore and revenues soared 37.9% to Rs 122.93 crore.
Punjab National Bank
slipped 1.8% to Rs 943.35 after the bank raised Rs 500 crore Tier-II Basel III compliant bonds on private placement basis.
The bonds carry an annual coupon of 9.35% and the bonds are issued today.
United Spirits Ltd
slid 0.4% to Rs 2,390.25 after the company reported net in the fourth-quarter swung to a loss of Rs 5,102.82 crore compared to profit of Rs 320.80 crore and revenue increased 1.6% to Rs 8,516.60 crore.
For the year, net loss widened to Rs 4,489.08 crore from Rs 101.20 crore and revenue rose 1.1% to Rs 10,615.41 crore.