6:00 PM Mumbai – Dharamsi Morarji net swung to profit on the rising sales. GMR Infra wrote off nearly $80 million on two of its global assets. HOEC net swung to loss. L&T secured road project worth $1.3 billion.
The Sensex Index edged up 11.84 to close at 19,441.07 The CNX Nifty slid 3 to close at 5,878.
Gainers & Losers
Dharamsi Morarji Chemical Company Limited
declined 1.1% to Rs 8 after net in the fourth quarter swung to profit Rs 35.31 crore and sales rose 2.63% to Rs 20.69 crore.
For the year, net swung to profit Rs 33.25 crore compared to net loss of Rs 3.98 crore and sales grew 5.2% to Rs 85.59 crore.
GMR Infrastructure, Ltd
dropped 1.2% to Rs 20.50 after the infrastructure developer wrote off Rs 453 crore on two of its global assets in coal mines and airports.
Separately, GMR Airports Ltd a subsidiary of GMR Infrastructure has acquired 17.03% stake in Delhi Duty Free Services Private Ltd.
Hindustan Oil Exploration Company Ltd
plunged 9.9% to Rs 35 after fourth quarter net swung to a loss Rs 28.33 crore compared to net profit of Rs 7.55 crore and net sales climbed 28.5% to Rs 33.36 crore.
Jet Airways (India) Limited
tumbled 11.2% to Rs 403.70 ahead of the regulatory meeting tomorrow to discuss the stake sale to Etihad Airways.
Larsen & Toubro Limited
slipped 0.5% to Rs 1,405.80 after secured road project worth Rs 6,700 crore from Haryana to Gujarat in partnership with Sojitz Corporation of Japan.
gained 0.5% to Rs 116.35 after it signed a memorandum of understanding with Mosi Oa Tunya Development Company for mineral projects in Zimbabwe.
Steel Authority of India Limited
rose 0.1% to Rs 55.85 after the company set up a joint venture with Japan based Kobe steel to set up iron ore nugget plant in West Bengal at an estimated cost of Rs 1,500 crore.
VA Tech Wabag
fell 1.6% to Rs 443.75 after the company secured order worth Rs 114.85 crore from Chennai Metropolitan Water Supply and Sewage Board.