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Market Update

India Movers: Britannia, Hindustan Copper Net Rise; ONGC Net Falls


Author: Sarla Buch
ticker.com
Last Update: 12:00 PM ET November 09 2015

6:00 PM Mumbai, India Ė Aurobindo said quarterly profit soared 21%. Britannia net declined 19%. ONGC net slipped 11%. Hindustan Copper net and revenues fell. Rural Electrification net rose 8%. Tata Power net swung to profit. Adani port plans to buy L&Tís Kattupalli Port in Tamil Nadu.

Stocks in Mumbai traded lower after a European agency lowered economic growth outlook in the region and investors focused on the latest earnings from domestic companies.

Rupee weakened 69 paisa to 66.44 against one U.S. dollar.

The Sensex Index dropped 143.84 or 0.6% to close at 26121.40. The CNX Nifty decreased 39.10 or 0.5% to 7,915.20.

Gainers & Losers

Adani Ports and Special Economic Zone Limited decreased 2.9% to ₹276.65 after the largest port developer plans to acquire the Kattupalli Port in Tamil Nadu from Larsen and Toubro Ltd for an undisclosed amount.

Aurobindo Pharma Limited jumped 5.2% to ₹855.90 after the natural and ayurvedic medicine maker said net in the second-quarter soared 21.4% from a year ago to ₹451.76 crore.

Net sales in the quarter jumped 14.6% to ₹3,280.11 crore.

Britannia Industries Ltd dropped 2.5% to ₹3,046.30 after the bakery and dairy products maker said net in the second-quarter plunged 19.2% from a year ago to ₹218.63 crore.

Net revenues in the quarter advanced 12.3% to ₹2,238.81 crore.

Hindustan Copper Limited rose 1.2% to ₹54.15 after the copper maker said net in the second-quarter tumbled 56.9% from a year ago to ₹7.41 crore.

Net revenues in the quarter dropped 9% to ₹216.31 crore.

Housing Development and Infrastructure Limited declined 4.5% to ₹64.55 after the real estate developer said net in the second-quarter slipped 6.6% from a year ago to ₹57.79 crore.

Net revenues in the quarter plunged 20.4% to ₹242.67 crore.

Oil and Natural Gas Corporation Limited fell 1% to ₹248.90 after the oil and gas explorer reported net in the second-quarter slipped 11.1% from a year ago to ₹4,842.02 crore.

Net sales in the quarter rose 1% to ₹20,563.19 crore.

Punj Lloyd Limited dropped 3.2% to ₹24.05 after the infrastructure developer said net loss in the second-quarter widened from a year ago to ₹283.20 crore.

Net sales in the quarter declined 16.7% to ₹1,071.45 crore.

Rico Auto Industries Limited surged 6.5% to ₹45 after the auto components maker said net in the second-quarter soared 457.4% from a year ago to ₹9.42 crore.

Net revenues in the quarter surged 37.1% to ₹249.05 crore.

Rural Electrification Corporation Limited decreased 1.4% to ₹235.20 after the power producer reported net in the second-quarter increased 7.6% from a year ago to ₹1,619.19 crore.

Total revenues in the quarter jumped 16.9% to ₹5,924.73 crore.

Tata Power Company Limited increased 1.1% to 68.35 after the power producer reported net in the second-quarter swung to profit from a year ago to ₹247.31 crore.

Net revenues in the quarter advanced 11.8% to ₹9,557.76 crore.

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