Sensex lifeline: high beeps and pratfalls

Sensex lifeline: high beeps and pratfalls
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First Published: Fri, Jul 24 2009. 10 53 PM IST
Updated: Fri, Jul 24 2009. 10 53 PM IST
GSPL (5% up)
Shares of Gujarat State Petronet Ltd (GSPL) rallied 5% on Friday on the back of good results. The firm’s net profit rose from Rs33 crore to Rs80 crore and sales soared 76% to Rs211 crore. The company told CNBC-TV18 that it sees no impact from the 30% social contribution in fiscal 2010.
Bharat Forge (14% up)
Bharat Forge Ltd surged 14% despite poor numbers after Baba Kalyani, chairman of the Kalyani group that owns Bharat Forge, told CNBC-TV18 that he sees substantial recovery for the company in this calendar year. He confirmed that the firm has won a $25 million order from General Motors.
Dhampur Sugar (9.3% up)
Shares of Dhampur Sugar Mills Ltd rallied 9.3% to Rs67.20 on the National Stock Exchange on Friday. The rise in shares of the company, which owns four sugar units, was in line with other sugar stocks after prices firmed up further. Sugar prices have rallied 55% year-to-date.
HIL (20% up)
Shares of Hyderabad Industries Ltd (HIL) surged 20% to hit a 52-week high of Rs333.85 on the National Stock Exchange on Friday. The stock gained on back of its excellent numbers, with net profit surging to Rs31 crore in the June quarter, compared with Rs14 crore in the year-ago period.
Dolphin Offshore (5% up)
Shares of Dolphin Offshore Enterprises (India) Ltd rose 5% after the company posted a profit of Rs12 crore in the June quarter, compared with Rs8 crore in the year-ago period. The company told CNBC-TV18 that its order book has risen by Rs400 crore since 1 July.
Tata Metaliks (4.4% down)
Shares of Tata Metaliks Ltd were down 4.4% on the National Stock Exchange on Friday after the company posted a net loss of Rs15 crore in the June quarter, compared with a profit of Rs20 crore in the year-ago period. The firm said its sales dipped sharply to Rs184 crore.
NELCO (10% up)
Shares of NELCO Ltd also gained for a second day running. The stock was up 10% on the National Stock Exchange on Friday on the back of good results. The company posted profit of Rs85 lakh in the June quarter, compared with a loss of Rs5 crore in the corresponding year-ago period.
Eveready (3% down)
Shares of Eveready Industries India Ltd were down 3% on profit booking despite the company posting good results. The shares closed at Rs40.85, each, on the National Stock Exchange on Friday. The stock had rallied 18% on Thursday ahead of its numbers.
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First Published: Fri, Jul 24 2009. 10 53 PM IST
More Topics: CNBC-TV18 | Sensex | Stocks | Shares | Markets |