6:00 PM Mumbai – Empee Sugars net loss narrowed and HCL profit surged 130%. Hathway Cable net swung to a profit. Jaiprakash Power sells its stake in two hydro-power projects. McNally secured order worth $160 million. Siemens India won contracts in Bangladesh.
The Sensex Index slid 74.58 or 0.4% to close at 18,232.94 The CNX Nifty fell 13.30 to close at 5,401.45.
Gainers & Losers
Empee Sugars and Chemicals Ltd
declined 3.4% to Rs 4.25 after the first quarter net loss narrowed to Rs 4.11 crore compared to Rs 8.09 crore in the same quarter a year ago.
Sales in the quarter slipped 2.6% to Rs 74.82 crore.
Hindustan Composites Limited
, the fiber-based composite materials maker said in the quarter net profit surged 129.6% to Rs 5.35 crore and sales jumped 30.3% to Rs 35.15 crore.
Hathway Cable and Datacom Limited
increased 1.1% to Rs 269.85 after the net swung to a profit Rs 5.32 crore compared with a loss of Rs 15.87 crore in a same quarter last year.
For the quarter, total revenues soared 72.2% to Rs 231.83 crore.
Jaiprakash Power Ventures Limited
jumped 4.8% to Rs 13.87 and the company plans to sell its stake in of two hydro-power projects in Himachal Pradesh.
Mahindra & Mahindra Financial Services Limited
declined 3.7% to Rs 235.40 and the company decided not to pursue banking license.
McNally Bharat Engineering Company Limited
climbed 5.3% to Rs 45.75 after the company secured an order for thermal power project worth Rs 973 crore.
Rainbow Denim Limited
, the denim fabric maker reported net loss in the first quarter widened to Rs 5.56 crore compared with Rs 1.43 crore a year period.
For the quarter, the company said revenue plunged 20% to Rs 32.30 crore.
gained 2.2% to Rs 441.90 after wins contracts worth Rs 144 crore from the Rural Electrification Board, Bangladesh to construct 38 new 33/11 kilowatt substations.
Siti Cable Network Limited
slipped 2.9% to Rs 13.30 after net loss in the first quarter widened to Rs 25.49 crore compared with Rs 13.51 crore in the same quarter last year.
Sales in the quarter climbed to 18.1% to Rs 118.20 crore.
surged 8.6% to Rs 17.60 after the company narrowed the list to two buyers to bid for its 36 lakh square feet IT special economic zone in Gurgaon.