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Market Update

Jaguar Land Rover September Sales Up 3%, LIC Housing Net Soars 21%


Author: Mukesh Buch
ticker.com
Last Update: 12:10 PM ET October 15 2015

6:00 PM Mumbai, India – Adani group received approval from Australian government for Carmicheal coal mine and rail project with 36 conditions. Jaguar Land Rover retail sale rose 3% in September. LIC Housing Finance net soared 21% on 16% increases in revenues.

Stocks in Mumbai traded higher in active trading and financials were in focus.

Rupee strengthened 21 paisa to 64.83 against one U.S. dollar.

The Sensex Index jumped 230.40 or 0.9% to close at 27,010.14. The CNX Nifty gained 71.60 or 0.9% to 8,179.50.

Gainers & Losers

Adani Enterprises Limited surged 14.1% to ₹96.75 after the conglomerate said that the new Australian government approved $16.5 billion Carmicheal coal mine and rail project in accordance with the Australian environment law, subject to 36 conditions.

Cyient Limited soared 6.7% to ₹625.65 after net in the second-quarter advanced 9.2% from a year ago to ₹98.52 crore.

Total revenues in the quarter gained 13.3% to ₹800.53 crore.

DIC India Limited advanced 2.7% to ₹698.25 after the Japanese maker of print inks said net in the third-quarter surged more than two-fold to 248.4% from a year ago to ₹7.42 crore.

Net sales in the quarter increased 4.1% to ₹191.37 crore.

The Karur Vysya Bank Limited declined 4.1% to ₹428.30 after net in the second-quarter surged 57% from a year ago to ₹142.22 crore.

Total revenues in the quarter soared 51% to ₹205.74 crore.

The bank said gross non-performing asset in the quarter rose to 1.96% in the quarter compared to 1.36% in the year ago quarter.

The net non-performing asset in the quarter also increased 0.96% from 0.59% in the same period last year.

LIC Housing Finance Limited increased 1.9% to ₹491.50 after net in the second-quarter soared 20.6% from a year ago to ₹411.73 crore.

Total revenues in the quarter jumped 16.2% to ₹3,089.35 crore.

Mastek Limited plunged 17.1% to ₹145.50 after net in the second-quarter tumbled 40% from a year ago to ₹2.70 crore.

Net revenues in the quarter slid 1.5% to ₹137 crore.

NIIT Limited jumped 3.3% to ₹94.90 after the software developer received contract to provide managed training services to the U.S.-based Citi Bank’s branches in the Europe, Middle East and Africa region.

Punj Lloyd Limited gained 3.9% to ₹27.95 after the infrastructure developer secured a contract worth ₹367 crore from Indian Oil Corporation.

Tata Motors Limited soared 8.1% to ₹380.70 after the largest truck and car maker’s luxury car unit Jaguar Land Rover reported in September retail sales rose 3% to 47,634 vehicles.

For the first nine months, the automaker sold 349,412 vehicles, matching the sales in the period a year ago.

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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