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Market Update

RCom, RCapital Profit Climb; Cipla Net Declines

Author: Mukesh Buch
Last Update: 9:09 AM ET August 18 2014

6:00 PM Mumbai Alok Ind net climbed 32%. Cipla net declined 39%. Lanco Infratech net loss narrowed. RCom net soared 21% and RCapital profit jumped 23%. SpiceJet net swung to loss. Supreme Infra net plunged 48% after revenue dropped 14%. Whirlpool net and revenue surged.

The Sensex Index climbed 287.73 or 1.1% to close at 26,390.96 The CNX Nifty jumped 82.55 to 7,874.25.

Gainers & Losers

Alok Industries Ltd surged 12.3% to Rs 12.33 after net profit in the first-quarter climbed 32.1% to Rs 43.48 crore and net sales jumped 25% to Rs 3,725.26 crore.

Cipla Ltd climbed 4.9% to Rs 469.75 after net profit in the first-quarter declined 39.2% to Rs 295 crore and net sales soared 13.6% to Rs 2,647 crore.

Lanco Infratech Ltd jumped 4.9% to Rs 9.39 after net loss in the first-quarter narrowed to Rs 306.30 crore compared to Rs 578.80 crore and revenue dropped 8% to Rs 2,670 crore.

The company sold its 1200 mega watt Udupi Power plant to Adani Power Limited for approx Rs 6,000 crore.

Reliance Communications Ltd gained 2.1% to Rs 123.30 after net profit in the first-quarter soared 21.4% to Rs 132 crore and revenues rose 2.1% to Rs 5,523 crore.

Reliance Capital Limited rose 0.4% to Rs 564.55 after net profit in the first-quarter climbed 23% to Rs 164 crore and total revenue jumped 11% to Rs 2,144 crore.

SpiceJet Limited surged 12.6% to Rs 13.49 after the company reported net in the first-quarter swing to a loss of Rs 124.10 crore from net profit Rs 50.56 crore and net sales slid 0.6% to Rs 1,678.59 crore.

Supreme Infrastructure India Limited declined 5% to Rs 370.50 after net profit in the first-quarter plunged 48.5% to Rs 11.38 crore and total revenue plummeted 13.7% to Rs 381.10 crore.

Whirlpool Of India Ltd soared 10% to Rs 453.80 after net profit in the first-quarter surged 67.4% to Rs 83 crore and net sales climbed 22.8% to Rs 1,195.06 crore.

Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc