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Market Update

India Movers: Eicher, Maruti Suzuki, PNB, Tata Coffee, Titan, Tech Mahindra


Author: Mukesh Buch
ticker.com
Last Update: 8:52 AM ET November 08 2013

6:00 PM Mumbai Dredging Corp net declined 22%. Eicher net surged 63%. Maruti Suzuki October sales fell 6% but net surged 195%. PNB net plunged 53%. Sun TV profit jumped 11%. Tata Coffee net swung to a loss but Titan net rose 3.6%. Tech Mahindra net jumped 5%.

The Sensex Index declined 156.62 or 0.7% to close at 20,666.15 The CNX Nifty dropped 46.50 to close at 6,140.75.

Gainers & Losers

Dredging Corporation of India Limited slipped 2.1% to Rs 265.65 after net profit in the second-quarter declined 21.6% to Rs 9.89 crore and revenues jumped 25.8% to Rs 183.08 crore.

Eicher Motors Limited gained 2.9% to Rs 4,126.90 after consolidated net profit in the second-quarter surged 62.8% to Rs 107.43 crore and total revenues climbed 16.2% to Rs 1,751.33 crore.

HSIL Limited slid 0.4% to Rs 90.85 after net profit in the second-quarter plummeted 55.5% to Rs 9.13 crore and revenue jumped 11% to Rs 387.64 crore.

Indian Bank declined 3.6% to Rs 96 after net profit in the second-quarter plunged 38.4% to Rs 169.16 crore and total revenues advanced 8.1% to Rs 4,078.24 crore.

MOIL Ltd dropped 2.4% to Rs 230 after net profit in the second-quarter tumbled 16.6% to Rs 90.57 crore and net sales fell 1.2% to Rs 226.78 crore.

Maruti Suzuki India Limited slumped 2.2% to Rs 1,577.90 after the company reported production in October slipped 5.5% to 1,01,000 units over a year ago month.

The net profit surged 194.7% to Rs 670.20 crore and net sales climbed 26.5% to Rs 10,211.80 crore.

Punjab National Bank dropped 4.2% to Rs 522.05 after net profit in the second-quarter plunged 52.6% to Rs 505.49 crore and total revenues grew 2.6% to Rs 11,632.84 crore.

Sun TV Network Limited plunged 5.6% to Rs 413 after net profit in the second-quarter jumped 11.5% to Rs 169.16 crore and total revenues climbed 13.8% to Rs 504.21 crore.

Tata Coffee Limited slipped 2.4% to Rs 1,029.90 after net in the second-quarter swung to a loss Rs 12.88 crore compared to a profit of Rs 36.84 crore. Consolidated net sales fell 3.1% to Rs 455.57 crore.

Titan Company Limited lowered 3.3% to Rs 234.15 after net profit in the second-quarter rose 3.6% to Rs 186.65 crore and revenues increased 2.6% to Rs 2,359.35 crore.

Tech Mahindra Limited soared 5.9% to Rs 1,674.05 after consolidated net profit in the second-quarter jumped 4.7% to Rs 718 crore and revenues soared 16.3% to Rs 4,771 crore.

UCO Bank surged 5.3% to Rs 74.75 after net profit in the second-quarter jumped three-fold to Rs 400.20 crore and revenues climbed 5.6% to Rs 4,653.30 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