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Market Update

India Movers: CRISIL, Essar Ports, HMT, IndusInd Bank, MRF

Author: Mukesh Buch
Last Update: 9:47 AM ET April 18 2013

6:00 PM Mumbai CRISIL fourth quarter net declined 15% and Essar Ports net swung to profit. Government controlled HMT soared on speculation of capital injection. IndusInd Bank fourth quarter net climbed 37.6% and MRF second quarter net jumped 40%.

The Sensex Index jumped 285.30 or 1.5% to close at 19,016.46. The CNX Nifty gained 94.40 or 1.7% to close at 5,783.10.

Gainers & Losers

CRISIL Limited dropped 2.8% to Rs 898.40 after net profit in the fourth quarter declined 15.3% to Rs 45.60 crore.

Essar Ports Limited fell 1% to Rs 88.80 after the company reported consolidated net in the fourth quarter swung to Rs 92.10 crore profits compared to net loss of Rs 61.50 crore.

Gujarat Gas Company Limited slid 0.7% to Rs 250.20 after the UK based BG Group plc will hand over control of Gujarat Gas to Gujarat State Pollution Control by the end of this month after acquired controlling 73.7% stake for Rs 2,810 crore.

Fresenius Kabi Oncology Limited slipped 1.6% to Rs 132 after the Singapore based promoter set price of up to Rs 130 per share to acquire shares as it prepares to delist.

HMT Limited surged 7.4% to Rs 36.35 on speculation that government is considering to invest Rs 1,000 crore and revive the company.

IndusInd Bank Limited soared 7.2% to Rs 450.10 after net profit in the fourth quarter climbed 37.6% to Rs 307.40 crore.

MRF Limited soared 4.8% to Rs 12,898.05 after net profit in the second quarter jumped 40.3% to Rs 210.61 crore.

Orchid Chemicals & Pharmaceuticals Limited jumped 2% to Rs 68.25 after the strategic partnership with Allecra Therapeutics to develop antibiotics for bacterial infections.

Puravankara Projects Limited dropped 2% to Rs 103 after consolidated net profit in the fourth quarter surged 71% to Rs 79 crore.

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