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Market Update

India Movers: Eveready, HDFC, Nelco, Pantaloons, Punj Lloyd, Titan, UBI


Author: Mukesh Buch
ticker.com
Last Update: 8:22 AM ET May 06 2014

6:00 PM Mumbai HDFC net climbed 16%. Nelco net loss narrowed. Pantaloons net loss widened after sales barely rose 2%. Punj Lloyd won Rs 1,270 crore expressway project in Yemen. Titan profit soared 12%. United Bank of India profit surged.

The Sensex Index increased 63.30 or 0.3% to close at 22,508.42. The CNX Nifty rose 15.95 to close at 6,715.30.

Gainers & Losers

Electrosteel Steels Ltd declined 6.3% to Rs 3.85 after the company reported net loss in the fourth-quarter narrowed to Rs 113.82 crore compared to Rs 121.87 crore and net sales climbed 21.6% to Rs 88.46 crore.

Eveready Industries India Ltd closed unchanged at Rs 53.55 after the company reported a net in the fourth-quarter swung to a profit Rs 1.25 crore from a loss of Rs 2.15 crore and sales jumped 12.9% to Rs 256.99 crore.

Housing Development Finance Corporation slipped 1.1% to Rs 877.25 after net profit in the fourth-quarter climbed 15.9% to Rs 2,414.70 crore and total revenue jumped 11.3% to Rs 12,296.02 crore.

For the year, net profit 19.7% to Rs 7,947.82 crore and revenues surged 13.4% to Rs 40,814.56 crore.

At the fiscal year end in March, gross loan booked increased Rs 1,97,100 crore compared to Rs 1,70,046 crore and total borrowings climbed Rs 1,84,298 crore from Rs 1,58,828 crore a year earlier.

Nelco Limited slumped 3.9% to Rs 39.60 after the company reported net loss in the fourth-quarter fell to Rs 2.96 crore compared to Rs 3.40 crore and sales climbed 20.4% to Rs 27.02 crore.

Pantaloons Fashion & Retail Ltd dropped 4.5% to Rs 128.50 after the company reported net loss in the fourth-quarter widened to Rs 70.75 crore compared to Rs 59.52 crore a year ago and net sales rose 2.02% to Rs 400.61 crore.

For the year, Pantaloons said net loss increased to Rs 187.73 crore from Rs 68.89 crore and net sales surged 29.6% to Rs 1,628.62 crore.

Punj Lloyd Limited jumped 2.8% to Rs 29.75 after the company secured a Rs 1,270 crore expressway project in Yemen.

Titan Company Ltd climbed 3.5% to Rs 271.05 after net profit in the fourth-quarter soared 11.61% to Rs 206.44 crore and revenues jumped 7.5% to Rs 2,786.81 crore.

For the year, net profit rose 2.2% to Rs 741.14 crore and increased 8.05% to Rs 10,815.08 crore.

United Bank of India soared 5% to Rs 36.45 after net profit in the fourth-quarter surged 1405.3% to Rs 469.37 crore and total revenue jumped 14.4% to Rs 3,073.78 crore.

As on year end in March, ratio of gross non-performing assets to gross advances climbed 10.47% from 4.25% a year ago.

The bank said ratio of net advances in the year jumped to 7.18% compared to 2.87% a year earlier.

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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