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Market Update

India Movers: Kingfisher Loss Widens, UCO Bank Net Plunges 69%


Author: Mukesh Buch
ticker.com
Last Update: 7:45 AM ET February 05 2013

6:00 PM Mumbai Escorts third quarter net surged more than two-fold. Jain Irrigation net swung to loss and Jubilant FoodWorks net climbed 28%. Kingfisher loss widened and Nestle acquired acquire 26% stake of in a dairy. UCO Bank net plummeted 69%.

The Sensex Index declined 91.37 to close at 19,659.82 The CNX Nifty slipped 30.35 to close at 5,956.90.

Gainers & Losers

BOC India Limited dropped 2.9% to Rs 327.10 after net profit in the fourth quarter declined 10.4% to Rs 45.38 crore.

Carborundum Universal Limited gained 1.7% to Rs 149.70 after net profit in the third quarter declined 80.1% to Rs 10.10 crore.

Escorts Limited climbed 4.6% to Rs 69.95 after net profit in the first quarter surged more than two-fold to Rs 28.14 crore.

Exide Industries Limited rose 0.8% to Rs 122.50 after acquiring additional technical license agreement with Japan based Shin-kobe Electric Machinery Co Limited.

GTL Limited slipped 1.5% to Rs 23.10 after company reported net loss narrowed to Rs 71.54 crore from Rs 109.13 crore a year ago period.

Jain Irrigation Systems, Ltd. declined 5.2% to Rs 67.80 after the company reported third quarter net swung to net loss of Rs 31.17 crore from net profit of Rs 1.24 crore a year ago period.

Jubilant FoodWorks Limited plunged 7.9% to Rs 1,044 after the Domino''s Pizza franchise operator reported same store sales declined for the third consecutive quarter but quarterly net profit climbed 28% to Rs 37.71 crore.

Jindal Stainless Limited plunged 5% to Rs 61.40 after net loss in the third quarter widened Rs 257.39 crore compared to Rs 110.33 crore a year ago period.

Kingfisher Airlines Ltd slumped 2.4% to Rs 12.24 after reported net loss in the third quarter widened to Rs 755.17 crore compared to Rs 444.27 crore a year ago earlier.

Mudra Lifestyle Limited dropped 3.6% to Rs 14.85 after net loss in the third quarter narrowed to Rs 31.82 crore from Rs 70.44 crore in the same period of last year.

Nestle India Limited rose 0.4% to Rs 4,741.65 after the company agreed to acquire 26% stake of in a dairy company Indocon Agro and Allied Activities Pvt Ltd.

State Bank of Patiala net profit in the third quarter declined 25.7% to Rs 181.47 crore.

Surya Roshni Limited slipped 1.6% to Rs 72.40 after net profit in the third quarter surged 40.14% to Rs 18.54 crore.

Sun Pharmaceutical Industries Limited jumped 4.1% to Rs 747.30 after the company said US health regulator approved Doxil the generic version of cancer drug.

Satyam Computer Services Limited decreased 1.9% to Rs 112.75 after net profit declined 82.7% to Rs 50.89 crore from Rs 294.32 crore a year ago.

Tasty Bite Eatables Limited plunged 8.4% to Rs 142 after net profit in the third quarter declined 14.4% to Rs 1.54 crore.

UCO Bank declined 4.3% to Rs 68.35 after net profit in the third quarter plummeted 69.2% to Rs 102.47 crore.

United Spirits Limited advanced 3.7% to Rs 1,925 after net profit in the third quarter jumped 71.2% to Rs 80.55 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