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.
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.