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Market Update

Sensex in India at Five-Week Low; Ashok Leyland, Bata, P&G Net Soar


Author: Sarla Buch
ticker.com
Last Update: 8:33 AM ET November 05 2015

6:00 PM Mumbai, India Ashok Leyland said quarterly net soared 137% on 54% increases in revenues. L&T secured orders worth $300 million in October. Bata India net soared 39%. Procter & Gamble India profit rose 16%. Chennai Petroleum loss widened.

Stocks in Mumbai traded lower and the benchmark Sensex index closed down for the eighth time in the last nine days of trading.

Rupee weakened 26 paisa to 65.74 against one U.S. dollar.

The Sensex Index dropped 248.72 or 0.9% to close at 26,304.20, a five-week low. The CNX Nifty fell 84.75 or 1.1% to 7,955.45.

Gainers & Losers

Ashok Leyland Limited declined 5.8% to ₹86.80 after the commercial vehicles maker reported net in the second-quarter soared 137.2% from a year ago to ₹287 crore.

Net revenues in the quarter surged 53.5% to ₹4,940 crore.

Bata India Limited slipped 4.4% to ₹464.60 after the largest footwear retailer reported net in the second-quarter surged 38.7% from a year ago to ₹54.11 crore.

Net revenues in the quarter gained 4.4% to ₹583.56 crore.

Banswara Syntex Limited soared 4.3% to ₹84.50 after net in the second-quarter surged 85.3% from a year ago to ₹5.41 crore.

Net sales in the quarter rose 1.4% to ₹314.93 crore.

Chennai Petroleum Corporation Limited plunged 9.8% to ₹193.55 after the oil and gas explorer said net loss in the second-quarter widened from a year ago to ₹452.39 crore.

Net revenues in the quarter tumbled 43.7% to ₹5,982.44 crore.

JK Lakshmi Cement Limited dropped 2.2% to ₹359 after the cement maker reported net in the second-quarter swung to a loss from a year ago to ₹14.95 crore.

Net revenues in the quarter advanced 13.6% to ₹651.68 crore.

Larsen & Toubro Limited edged down 0.1% to ₹1,369.35 after the infrastructure developer secured orders worth ₹2,048 crore in its construction division in October.

Procter & Gamble Hygiene and Health Care Limited decreased 1.3% to ₹6,159.95 after the consumer goods maker said net in the first-quarter jumped 16% from a year ago to ₹71 crore.

Net sales in the quarter increased 4% to ₹598 crore.

Pratibha Industries Limited jumped 3.7% to ₹40.75 after the infrastructure developer won an order for about ₹1,023.62 crore from Rural Water Supply and Sanitation Department of Telangana state.

Sun Pharmaceutical Industries Limited declined 4.3% to ₹815.85 after the drug maker said net in the second-quarter slipped 7% from a year ago to ₹33.30 crore.

Net sales in the quarter dropped 15.5% to ₹212.10 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