Sensex in India Jumps; Zee Net Climbs, DLF to Raise $500 M
6:00 PM Mumbai – Zee Entertainment said quarterly profit climbed 16%. Cera Sanitaryware net jumped 15%. Sintex quarterly profit advanced 12%. National Aluminium Company plans to construct a $3 billion smelter complex in Iran.
Sensex in Mumbai extended gains in the week after wholesale inflation index declined for the eight month in a row and investors shifted focus to domestic earnings.
Rupee weakened 2 paisa to 63.41 against one U.S. dollar.
The Sensex Index jumped 265.39 or 0.9% to close at 28,198.29. The CNX Nifty gained 69.70 or 0.8% to 8,523.80.
Gainers & Losers
Cera Sanitaryware Limited surged 13.9% to ₹2146.20 after personal care products maker said net in the first-quarter jumped 14.9% to ₹15.66 crore.
Total revenues in the quarter climbed 19.7% to ₹194.26 crore.
DLF Limited increased 1.9% to ₹116.70 after the real estate developer plans to raise ₹2,500 to ₹3,000 crore by next month through private equity.
The developer is also in talks with Singapore government’s investment arm GIC to sell a stake in a new housing project.
L&T Finance Holdings Limited edged down 0.4% to ₹71.75 after the financial services provider agreed to acquire a 26% stake in Mumbai-based Grameen Capital India.
National Aluminium Company Limited advanced 2.2% to ₹39.20 on a report that the company plans to construct a $3 billion smelter complex in Iran.
Sintex Industries Limited climbed 4.9% to ₹105.40 after net in the first-quarter advanced 12% to ₹69.01 crore.
Net sales in the quarter increased 9.4% to ₹1,467.55 crore.
Sun TV Network Limited declined 4% to ₹267.40 on a report that a ministerial panel rejected the Sun TV Group''s application to participate in the next-stage FM radio auctions.
Zee Entertainment Enterprises Limited edged up 0.3% to ₹375.75 after the most profitable media network said net in the first-quarter climbed 15.8% to ₹243.76 crore.
Net revenues in the quarter soared 28.7% to ₹1,407.84 crore.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc