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Reports India

Indian stock market daily morning report (August 13, 2014, Wednesday)

August 13, 2014, Wednesday, 06:16 GMT | 01:16 EST | 09:46 IST | 12:16 SGT
Contributed by Keynote Capitals


Views on markets today

- Benchmark share indices extended gains for the second straight day to end over 1% higher led by Tata Motors after it reported better-than-expected June quarter earnings and renewed buying interest in financials.

The 30-share Sensex jumped 362 points or 1.4% to end at 25,881 recording its highest daily gain since June 6 and the 50-share Nifty ended 101 points higher to close at 7,727.

- Britannia Industries closed 1.87% down at Rs 1,135.00 on BSE after consolidated net profit rose 27.01% to Rs 113.66 crore on 15.51% increase in total income to Rs 1,808.59 crore in Q1 June, 2014 over Q1 June, 2013.

- Motherson Sumi Systems closed 4.59% down at Rs 353.60 on BSE after consolidated net profit rose 123.67% to Rs 163.73 crore on 18.47% growth in total income to Rs 8,396.45 crore in Q1 June, 2014 over Q1 June, 2013.

- Tata Motors closed 5.92% up at Rs 473.90 on BSE after consolidated net profit jumped 212.74% to Rs 539- crore on 38.2% rise in revenue to Rs 64,683 crore in Q1 June, 2014 over Q1 June, 2013.

- Eicher Motors closed 7.94% up at Rs 9,280.85 on BSE after consolidated net profit rose 70.54% to Rs 157.44 crore on 33.84% increase in total income to Rs 2,263.1- crore in Q2 June, 2014 over Q2 June, 2013.

- IFCI closed 4.72% up at Rs 38.80 on BSE after net profit jumped 71.42% to Rs 94.47 crore on 31.16% growth in total income to Rs 736.55 crore in Q1 June, 2014 over Q1 June, 2013.

- Apollo Hospitals Enterprise closed 5.26% up at Rs 1092.00 on BSE after net profit rose 4.81% to Rs 82.74 crore on 17.63% growth in total income to Rs 1,060.17 crore in Q1 June, 2014 over Q1 June 2013.

- Oil India closed 0.82% up at Rs 572.15 on BSE after net profit rose 39.86% to Rs 851.87 crore on 19.91% increase in total income to Rs 2,937.01 crore in Q1 June, 2014 over Q1 June, 2013.

- Among the 12 BSE Sectoral Indices 11 Indices closed in positive while 1 Index ended the day in negative. Top Gainers: BSE Auto up by 1.79% and BSE Oil & Gas by 1.67%. Top Losers: BSE Teck down by 0.05%.

Market breadth was positive at ~1.10 as investors bought large cap stocks. On provisional basis, FII's bought Rs 3.70bn worth of Indian equities while DII's sold Rs 0.39bn worth of equities.


Buzzing Stocks

- HPCL closed 4.45% up at Rs 396.40 on BSE as the stock turned ex-dividend, on 12th August, 2014, for final dividend of Rs 15.50 per share for the year ended 31st March, 2014.

- Simplex Projects was locked at 10% lower circuit at Rs 53.15 on BSE after the company reported a consolidated net loss of Rs 6.12 crore in Q1 June, 2014 as against net profit of Rs 0.03 crore in Q1 June, 2013.

- Divi's Laboratories closed 2.58% down at Rs 1,473.25 on BSE after net profit fell 3.88% to Rs 167.93 crore on 24.01% rise in net sales to Rs 639.76 crore in Q1 June, 2014 over Q1 June, 2013.

- Indian Hotels Company closed 6.77% down at Rs 81.30 on BSE after the company reported consolidated net loss of Rs 34.82 crore in Q1 June, 2014, higher than net loss of Rs 19.09 crore in Q1 June, 2013.

- Bhushan Steel was locked at 10% lower circuit at Rs 177.75 on BSE, with the stock extending its recent steep slide.

- Coal India closed 1.86% up at Rs 364.35 on BSE on reports the firm may consider increasing prices by 15-20% at a board meeting today, 12 August 2014 to take into account rising input costs and reduced income from curtailed e-auction volumes.

- SEAMEC closed 5.17% up at Rs 116.90 on BSE after net profit surged 350.91% to Rs 24.89 crore on 33.95% rise in net sales to Rs 114.27 crore in Q1 June, 2014 over Q1 June, 2013.

- PTC India closed 7.08% up at Rs 83.90 on BSE after net profit surged 47.42% to Rs 43.74 crore on 33.17% growth in total income from operation to Rs 3,689.54 crore in Q1 June, 2014 over Q1 June, 2013.

- Mangalore Refinery and Petrochemicals closed 4.66% down at Rs 61.40 on BSE after the company reported net loss of Rs 36.10 crore in Q1 June, 2014, lower than net loss of Rs 453.95 crore in Q1 June, 2013.

- KCP closed 6.03% down at Rs 44.40 after the company reported a net loss of Rs 7.54 crore in Q1 June, 2014, higher than net loss of Rs 7.16 crore in Q1 June, 2013.

- Rollatainers closed 2.03% up at Rs 330.00 on BSE after the company said it signed an agreement to acquire stake along with management control of Barista Coffee Company.

- Arvind Remedies was locked at 20% upper circuit at Rs 41.55 on BSE, with the stock extending Monday's 6.94% rally triggered by the company reporting strong Q1 earnings.

- Navneet Education closed 10.85% to Rs 91.05 on BSE after net profit rose 26.52% to Rs 89.84 crore on 24.86% rise in net sales to Rs 493.65 crore in Q1 June, 2014 over Q1 June, 2013.

- BPCL rose 2.94% to Rs 591.15 on BSE after net profit surged 709.11% to Rs 1,216.26 crore on 14.79% to Rs 67,813.46 crore in Q1 June 2014 over Q1 June, 2013.