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Market Update

India Movers: DCB, HDIL, HDFC Bank, L&T, RCapital

Author: Mukesh Buch
Last Update: 9:01 AM ET July 17 2013

6:00 PM Mumbai Development Credit Bank net surged. HDFC Bank net and revenue in the first quarter surged. L&T won new construction order worth $350 million in Oman.

The Sensex Index gained 97.50 or 0.5% to close at 19,948.73 The CNX Nifty rose 18.05 to close at 5,973.30.

Gainers & Losers

Development Credit Bank, Ltd rose 0.4% to Rs 49.90 after net profit in the first quarter surged 126.5% to Rs 42.83 crore and operating income climbed 26.9% to Rs 305.84 crore.

Elgi Equipment Limited declined 3.4% to Rs 86.95 after the SBI Mutual Fund purchased a total of 43,00,000 shares of automobile air compressor maker at an average price of Rs 90 per share for a total of Rs 38.7 crore.

Housing Development and Infrastructure Limited gained 0.9% to Rs 39.75 after the Mumbai International Airport Pvt. Ltd claimed damages of Rs 276.46 crore for delay in construction.

HDFC Bank Limited declined 2.4% to Rs 662.65 after net profit in the first quarter surged 30.1% to Rs 1,843.86 crore and revenue jumped 17.9% to Rs 11,588.56 crore.

The bank added net interest margin in the quarter remained unchanged at 4.6% from a year ago and ratio of net non-performing assets increased to 0.3%.

International Combustion (India) Limited slipped 3% to Rs 126.05 after the first quarter net swung to a loss Rs 0.16 crore from net profit of Rs 1.38 crore. Sales tumbled 26% to Rs 20.14 crore.

Maharashtra Scooters Limited gained 2.1% to Rs 384 after net profit in the first quarter jumped 7.3% to Rs 1.03 crore and sales climbed 9.3% to Rs 0.82 crore.

Larsen & Toubro Limited fell 0.4% to Rs 968 after the company won new order worth Rs 2,085 crore for the construction of the Al-Batinah Expressway Package 4 in Oman.

Sabero Organics Gujarat Limited surged 18.9% to Rs 124.45 after the first quarter net swung to a profit Rs 9.45 crore compared with net loss of Rs 1.89 crore. Sales soared 43.74% to Rs 174.15 crore.

Reliance Capital Ltd dropped 1.9% to Rs 363.35 after the Reliance Capital Asset Management said its total assets under management increased by Rs 7,000 crore in the June quarter.

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