6:30 PM Mumbai – Larsen & Toubro increased more than 1% after its second quarter net from operations increased 19.6%. Godrej Properties declined 3.6% after quarterly net fell 26.4%. HDFC Bank second quarter net surged 21.6%.

Stocks in Mumbai fell 1% by mid-day but rebounded by the close as the Coal India public offering was subscribed more than thirty percent on the first day. The week marks the beginning of $20 billion offering slated to be completed in the next six months.

Gainers & Losers

Bharat Seats Limited surged 4.7% to Rs 23.10 after the automobile seat maker said second quarter net profit soared 92.54% to Rs 2.58 crore.

Bharat Petroleum Corporation Limited gained 0.7% to Rs 701.00 after the government on October 15 hiked petrol prices by 70 paise per litre.

Commercial Engineers & Body Builders Company plunged 13.3% to Rs 110.00 from the initial public offer price of Rs 127.

Dr. Reddy''s Laboratories Limited rose 0.8% to Rs 1,595.00 after the pharmaceutical company received approval from the US Food & Drug Administration to market Lansoprazole delayed release capsules in United States.

Godrej Properties Ltd. slipped 3.6% to Rs 704.50 after the construction company said second quarter consolidated net profit declined 26.4% to Rs 32.91 crore.

HDFC Bank Limited increased 1% to Rs 2,411.00 after it reported second quarter net profit soared 21.62% to Rs 807.54 crore.

Idea Cellular Limited rose 0.1% to Rs 72.40 after the mobile company added 1.48 million mobile users in September, lower than 1.99 million subscribers it added in August.

Jay Bharat Maruti Limited spurted 19.9% to Rs 98.15 after the auto component maker said second quarter net profit jumped 133% to Rs 10.30 crore.

Jyothy Laboratories Limited gained 3.2% to Rs 292.70 after the fabric whiteners maker is in talks with Safechem Industries to buy laundry detergent brand Safed.

Kiri Dyes and Chemicals Limited soared 4.9% to Rs 632.00 after the reactive dyes & intermediates maker’s board decided to open bidding for a proposal qualified institutional placement of shares on October 21.

Larsen & Toubro Limited increased 1.1% to Rs 2,013.15 after the engineering, construction said second quarter profit after tax from ordinary activities rose 19.59% to Rs 694.14 crore.

Oil and Natural Gas Corporation Limited gained 1.4% to Rs 1,360.50 after the oil exploration company said it has made two new discoveries of oil and gas reserves.

Sasken Communication Technologies Ltd surged 8.4% to Rs 218.10 after the telecommunication software company said its board of directors will consider a proposal for buyback of shares at a meeting scheduled on October 21.

State Bank of Bikaner and Jaipur increased 2.9% to Rs 755.30 after the bank said second quarter net profit surged 41.48% to Rs 127.52 crore.

Surana Telecom and Power Limited surged 10.2% to Rs 20.40 after the petro products maker said that it won a solar power project of 5 megawatt capacity from the state government of Gujarat.

S.E. Investments Ltd gained 2.3% to Rs 47.05 after the finance and non conventional energy provider said second quarter net profit jumped 209.14% to Rs 17.83 crore.

Steel Strips Wheels Limited soared 9.4% to Rs 340.55 after the automotive wheel rim maker secured an export order worth Rs 15 lakh from a Middle East customer for supply of 400 truck wheels rims.