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Market Update

India Movers: ICICI Bank, Siemens Net Jumps; Colgate Net Slips


Author: Mukesh Buch
ticker.com
Last Update: 8:04 AM ET January 31 2013

5:00 PM Mumbai Bharti Infratel third quarter net jumped 31% and Colgate-Palmolive net declined 4%. ICICI net profit jumped 30% but non-performing asset increased. Lupin net soared 42.6%. The central government plans to sell 10% stake of Oil India. Power Finance net surged 48%.

The Sensex Index dropped 110.02 to close at 19,894.98 The CNX Nifty slumped 21 to close at 6,034.75. For the month, the Sensex index jumped 2.4%.

Gainers & Losers

Bharti Infratel Limited declined 3.9% to Rs 201.65 after consolidated net profit in the third quarter jumped 31% to Rs 254.10 crore.

Colgate-Palmolive (India) Limited dropped 3.1% to Rs 1,342 after net profit in the third quarter declined 3.9% to Rs 111.05 crore.

ICICI Bank Limited slipped 1.9% to Rs 1,190.85 after net profit in the third quarter jumped 30% to Rs 2,250 crore and net non-performing asset increased to Rs 2,185 crore.

IFB Industries Limited surged 9.6% to Rs 104.25 after net profit in the third quarter jumped 11.4% to Rs 11.99 crore.

KEC International Limited increased 1.9% to Rs 60.60 and consolidated net profit in the third quarter dropped 63.6% to Rs 29.33 crore and order book stood at Rs 10,150 crore as of December 31.

Lupin Limited rose 0.9% to Rs 604.45 after consolidated net profit in the third quarter soared 42.6% to Rs 335.2 crore.

Oil India Limited gained 2.3% to Rs 539.50 after state-run explorer said government will sell its 10% stake or 6.01 crore shares through the stock exchanges auctions.

Punjab National Bank surged 8.2% to Rs 903.10 after net profit in the third quarter climbed 13.5% Rs 1,305.62 crore.

Power Finance Corporation Limited advanced 2.5% to Rs 211.95 after profit before tax in the third quarter surged 48% to Rs 1,557 crore.

Siemens Limited gained 1.4% to Rs 654.50 after consolidated net profit in the first quarter climbed 21% to Rs 73.07 crore.

Suzlon Energy Limited climbed 10.8% to Rs 23.50 after its subsidiary signed contract with EDF EN Canada Inc. for delivery of wind turbines for a project in Quebec.

Union Bank of India soared 5.1% to Rs 253.40 after net profit in the third quarter surged 37.7% to Rs 302.40 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