6:00 PM Mumbai – Apollo Tyres third quarter net surged 73% and Bajaj Electricals net plunged 64.4%. IRB Infrastructure net soared 38.5% and Jindal Saw net jumped 64.3%. Indian government will sell 9.5% stake NTPC to raise $2.2 billion.
The Sensex Index slipped 20.10 to close at 19,639.72 The CNX Nifty edged up 2.30 to close at 5,959.20.
Gainers & Losers
Apollo Tyres Ltd
slid 0.4% to Rs 84.85 after net profit in the third quarter surged 73.4% to Rs 73.82 crore.
Automotive Axles Limited
jumped 4.2% to Rs 349.75 after net profit in the third quarter declines 69.2% to Rs 6.08 crore.
Bajaj Electricals Limited
surged 6% to Rs 194.75 after third quarter net profit plunged 64.4% to Rs 11.68 crore.
Gateway Distriparks Limited
rose 0.5% to Rs 133.30 after net profit in the third quarter dropped 37.1% to Rs 13.03 crore.
Essel Propack Limited
climbed 4.3% to Rs 37.60 after its Poland based subsidiary won long term contract from multinational food processing company to supply tubes in Europe.
IRB Infrastructure Developers Ltd
surged 5% to Rs 124.30 after net profit in the third quarter soared 38.5% to Rs 49.45 crore.
Jindal Saw Limited
gained 2.2% to Rs 108.85 after net profit in the third quarter jumped 64.3% to Rs 60.03 crore.
J. B. Chemicals & Pharmaceuticals Ltd
increased 1.3% to Rs 87.70 after the company swung to third quarter net profit to Rs 21.87 crore from net loss of Rs 5.17 crore a year ago.
Kotak Mahindra Bank Limited
climbed 2.1% to Rs 692.65 after the bank acquired the business loans portfolio of the Barclays Plc’s Indian subsidiary.
slumped 2.1% to Rs 152.30 after the government decided to sell about 9.5% stake to raise about $2.26 billion. The largest stake sales from the government ahead of the closure of financial year in March.
Thomas Cook (India) Limited
advanced 2.6% to Rs 55.25 after agreed to acquire 74% stake in IKYA Human Capital Solutions for $ 47 million.
United Bank of India
declined 4% to Rs 67.85 after net profit in the third quarter tumbled 81.3% to Rs 42.20 crore.