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Market Update

India Movers: Cera, Infosys, IVRCL, Kalindee, RCapital, Sintex

Author: Mukesh Buch
Last Update: 9:41 AM ET July 12 2013

6:00 PM Mumbai Cera Sanitaryware sales and profit climbed. Infosys revenue jumped but net slid 0.8%. IVRCL secured new orders worth $150 million. Kalindee Rail received open offer from Jupiter Metal to acquire the stake. Reliance Capital gross written premium jumped 25%. Sintex sales jumped.

The Sensex Index advanced 282.41 or 1.4% to close at 19,958.47 The CNX Nifty gained 73.90 to close at 6,009. For the week, Sensex jumped 2.4%.

Gainers & Losers

Cera Sanitaryware Limited declined 5% to Rs 501.05 after net profit in the first quarter climbed 21% to Rs 11.18 crore and net sales surged 39.9% to Rs 126.59 crore.

Infosys Limited jumped 10.9% to Rs 2,802.75 after the consolidated net profit in the first quarter fell 0.8% to Rs 2,374 crore and revenue advanced 7.8% to Rs 11,267 crore.

For the year, the company expects revenue to increase between 13% and 17% in the rupee terms and increase in the range of 6% to 10% in the dollar terms.

IVRCL limited rose 0.3% to Rs 16.25 after the company secured new orders worth Rs 1,098 crore across its water and power business segments.

Kalindee Rail Nirman (Engineers) Limited climbed 6.3% to Rs 72.55 after the company board said it will evaluate all options relating to the open offer announced by Jupiter Metal to acquire stake in the company.

Reliance Capital Ltd. rose 0.8% to Rs 381.95 after gross written premium in the first quarter jumped 25% to Rs 706 crore.

Sintex Industries Limited declined 4.1% to Rs 40.20 after the consolidated net profit in the first quarter slid 0.4% to Rs 46.62 crore and total revenue climbed 4.4% to Rs 1,128.11 crore from Rs 1,076.35 crore in the year ago period.

Prefabricated building systems segment revenue in the quarter surged 18.8% to Rs 204.80 crore.

Sun Pharmaceutical Industries Limited increased 1.2% to Rs 1,108.25 after the company received approval from US Food and Drug Administration for its new drug application for generic version of Prandin and Repaglinide tablets.

Tech Mahindra Limited climbed 5.2% to Rs 1,122.20 after the company completed the process of share allocation to the shareholders of Satyam Computer Services Ltd.

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