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Market Update

India Movers: DCB Bank, L&T, NIIT, Sadbhav, Tata Sponge, TTK

Author: Mukesh Buch
Last Update: 8:42 AM ET July 15 2014

6:00 PM Mumbai – DCB Bank net jumped 5% on 35% increase in revenue. L&T secured an order worth $846 million from Kuwait. NIIT net declined 19%. Sadbhav Engineering received a work order worth Rs 550 crore from a mining company in Rajasthan state. Tata Sponge profit surged 145%.

The Sensex Index jumped 221.67 or 0.9% to close at 25,228.65 The CNX Nifty gained 72.50 to 7,526.65.

Gainers & Losers

DCB Bank Ltd soared 3.7% to Rs 80 after net profit in the first-quarter jumped 4.6% to Rs 45 crore and total revenues surged 35.1% to Rs 173 crore.

Larsen & Toubro Limited jumped 2.2% to Rs 1,633.45 after the company’s subsidiary secured an order worth Rs 5,076 crore or $846 million from Kuwait Oil Company.

NIIT Technologies Ltd tumbled 11.5% to Rs 409.20 after net profit in the first-quarter declined 18.7% to Rs 43.20 crore and revenue jumped 6.6% to Rs 577.60 crore.

Nagarjuna Agrichem Ltd plunged 4.8% to Rs 7.22 after net loss in the first-quarter narrowed to Rs 7.17 crore from Rs 10.81 crore a year ago and sales climbed 16.8% to Rs 124.88 crore.

Sadbhav Engineering Limited climbed 4.2% to Rs 195.65 after the company received a work order worth Rs 550 crore from South West Mining Ltd in Rajasthan.

Tata Sponge Iron Ltd surged 9% to Rs 698.65 after net profit in the first-quarter soared 145.5% to Rs 44.28 crore and total revenues jumped 23.5% to Rs 203.12 crore.

TTK Prestige Limited gained 1.2% to Rs 3,484.15 after net profit in the first-quarter edged up 0.07% to Rs 25.81 crore and total revenue climbed 9.6% to Rs 337.61 crore.

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