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Market Update

India Movers: Eicher Motors, GSK, Infosys, Kingfisher, Tech Mahindra

Author: Mukesh Buch
Last Update: 8:31 AM ET February 19 2013

6:00 PM Mumbai Eicher Motors fourth quarter net plunged 24% and GSK Pharma net climbed 1.3%. Kingfisher said UB Holdings revised loan limits to $125 million. Tech Mahindra acquired majority stake in Brazil based Complex IT.

The Sensex Index advanced 134.64 or 0.7% to close at 19,635.72 The CNX Nifty gained 41.50 to close at 5,939.70.

Gainers & Losers

ACC Limited climbed 2.8% to Rs 1,297.40 and shareholders approved payment of technology and know-how fees to Switzerland based Holcim.

Eicher Motors Limited surged 6.3% to Rs 2,838.75 and profit after-tax profit for the quarter plunged 24% to Rs 105.2 crore from Rs 138.5 crore.

GlaxoSmithKline Pharmaceuticals Limited gained 0.6% to Rs 2,102.95 after consolidated net profit in the fourth quarter edged up 1.3% to Rs 138.51 crore.

Infosys Limited gained 1.5% to Rs 2,819 after will be the first Indian company starts to trading on NYSE Euronext''s platform in Europe.

Kingfisher Airlines Ltd surged 5% to Rs 10.53 after the group firm United Breweries (Holdings) said it is revised the loan limit from Rs 300 crore to Rs 750 crore.

Kolte-Patil Developers Limited increased 1.4% to Rs 104.15 and the company acquired a 49% stake in its two subsidiaries Oakwoods and Jasmine Hospitality for Rs 65.62 crore.

Tech Mahindra Limited soared 4.8% to Rs 1,034 said Mahindra Satyam acquired a majority stake in Complex IT, the largest SAP consulting providers in Brazil.

Trent Limited slipped 0.5% to Rs 1,139.95 after the company agreed to buy private equity fund TVS Shriram Growth Fund''s stake in Landmark for Rs 84 crore.

Zen Technologies Limited fell 0.6% to Rs 90 after the company reported second quarter net swung to a loss of Rs 3.94 crore compared to net profit of Rs 7.67 crore a year ago period.

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