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Market Update

India Movers: Bombay Rayon, Jindal, Jocil, Precot Meridian, Vadilal

Author: Mukesh Buch
Last Update: 11:23 PM ET June 06 2014

6:00 PM Mumbai Bombay Rayon net surged 165% but sales declined 12%. Jindal Steel & Power plans to invest Rs 5,600 crore to expand its steel capacity. Jocil profit climbed 188%. Sakthi Finance net dropped 6%. Precot Meridian net plunged 54%. Vadilal net loss narrowed.

The Sensex Index climbed 376.95 or 1.5% to close at 25,396.46 The CNX Nifty jumped 109.30 to 7,583.40. For the week, Sensex climbed 4.9%.

Gainers & Losers

Bombay Rayon Fashions Limited decreased 0.8% to Rs 176.45 after net profit in the fourth-quarter surged 165.1% to Rs 128.20 crore and sales dropped 11.9% to Rs 790.05 crore.

Jindal Steel & Power Limited rose 0.7% to Rs 339.70 and the company plans to invest around Rs 5,600 crore to upgrade and expand its steel production capacity to 10 million tons at Raigarh plant.

Jocil Limited advanced 1.9% to Rs 120 after net profit in the fourth-quarter surged 187.9% to Rs 3.57 crore and sales climbed 10.2% to Rs 98.53 crore.

Sakthi Finance Limited climbed 3.7% to Rs 14.49 after net profit in the fourth-quarter declined 6% to Rs 4.23 crore and sales jumped 8.3% to Rs 34.68 crore.

Strides Arcolab Limited surged 9.5% to Rs 599.70 after the company received approval from the U.S. Food & Drug Administration for 10 mg Methoxsalen Soft Gelatin Capsules.

Precot Meridian Limited declined 1.9% to Rs 88.80 after net profit in the fourth-quarter plunged 54.4% to Rs 4.59 crore and sales advanced 5.6% to Rs 188.77 crore.

Vadilal Industries Limited soared 8.9% to Rs 209.40 after net loss in the fourth-quarter narrowed to Rs 2.77 crore compared to Rs 3.07 crore and net sales jumped 20.5% to Rs 72.1 crore.

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