Sobha Developers, Maruti Suzuki India, Idea Cellular and United Phosphorus are among the other gainers.
Housing finance firm LIC Housing Finance spurted 6.31% to Rs 247 after net profit rose 24.66% to Rs 316.15 crore on 22.83% growth in total income to Rs 2074.74 crore in Q4 March 2013 over Q4 March 2012. The company announced Q4 results during trading hours today, 26 April 2013. The stock topped the gainers in the BSE's 'A' group.
Real estate developer Sobha Developers jumped 5.55% to Rs 398.55. The stock was second biggest gainer in 'A' group.
India's largest car maker by sales Maruti Suzuki India galloped 5.26% to Rs 1,673.45 after the company reported strong Q4 results. The stock was third biggest gainer in 'A' group.
Shares of Maruti hit 52-week high of Rs 1,690.40 in intraday trade today, 26 April 2013. Maruti said its net profit, excluding the effect of the merger of Suzuki Powertrain India (SPIL), jumped 79.8% to Rs 1147.50 crore on 9.4% rise in net sales to Rs 12566.60 crore in Q4 March 2013 over Q4 March 2012. Suzuki Powertrain India was merged with the company during the year ended 31 March 2013 (FY 2013) and the effect of the merger was given in the books of accounts in Q4 March 2013. Maruti announced the results during market hours today, 26 April 2013.
Maruti said that the increase in net profit during the quarter was on account of higher sales of new models such as Ertiga, DZire and Swift, cost reduction and localization efforts and the benefit of a favourable exchange rate.
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India's third largest listed telecom company by sales Idea Cellular climbed 5.20% to Rs 122.30 on strong Q4 results. The stock was fourth biggest gainer in 'A' group.
Shares of Idea hit 52-week high of Rs 128.70 in intraday trade today, 26 April 2013. The company said after market hours on Thursday, 25 April 2013, that consolidated net profit rose 28.95% to Rs 308.18 crore on 12.88% rise in total income to Rs 6061.38 crore in Q4 March 2013 over Q4 March 2012. On standalone basis, the net profit rose 33.78% to Rs 254.16 crore on 12.67% growth in total income to Rs 5965.46 crore in Q4 March 2013 over Q4 March 2012.
Agrochemicals maker United Phosphorus rose 4.88% to Rs 138.60. The stock was fifth biggest gainer in 'A' group.
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