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Century Textiles & Industries leads gainers in 'A' group

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Capital Market

Canara Bank, Suzlon Energy, Apollo Hospitals Enterprise and Hindalco Industries are among the other gainers.

Century Textiles & Industries jumped 7.30% to Rs 381.50. The stock topped the gainers in the BSE's 'A' group. The stock hit a 52-week high of Rs 411 in intraday today.

Century Textiles & Industries reported a net loss of Rs 4.9 crore in Q4 March 2014 as compared to net profit of Rs 17.95 crore in Q4 March 2013. Total income rose 15.03% to Rs 1856.96 crore in Q4 March 2014 over Q4 March 2013. The result was announced during trading hours today.

State-run Canara Bank galloped 6.49% to Rs 304.20 as the bank's gross non-performing assets to gross advances declined to Rs 7570.21 crore as on 31 March 2014, from Rs 8073.92 crore as on 31 December 2013. The stock was second biggest gainer in 'A' group.

 

Canara Bank's gross non-performing assets (NPAs) to gross advances declined to Rs 7570.21 crore as on 31 March 2014, from Rs 8073.92 crore as on 31 December 2013 but increased from Rs 6260.16 crore as on 31 March 2013. The ratio of gross NPAs to gross advances stood at 2.49% as on 31 March 2014 as against 2.79% as on 31 December 2013 and 2.57% as on 31 March 2013.

The bank's net NPAs to net advances declined to Rs 5965.46 crore as on 31 March 2014, from Rs 6869.87 crore as on 31 December 2013 but increased from Rs 5278.07 crore as on 31 March 2013. The ratio of net NPAs to net advances stood at 1.98% as on 31 March 2014 as against 2.39% as on 31 December 2013 and 2.18% as on 31 March 2013.

Canara Bank's net profit declined 15.79% to Rs 610.83 crore on 22.57% growth in total income to Rs 11609.72 crore in Q4 March 2014 over Q4 March 2013. The result was announced during market hours today, 5 May 2014.

Wind turbines maker Suzlon Energy spurted 5.61% to Rs 14.13 after the company announced on Saturday, 3 May 2014, that its board approved cashless restructuring of its foreign currency convertible bonds (FCCBs). The stock was third biggest gainer in 'A' group.

Apollo Hospitals Enterprise climbed 4.94% to Rs 952.15. The stock was fourth biggest gainer in 'A' group.

Aluminium rolling company Hindalco Industries rose 4.80% to Rs 138.60. The stock was fifth biggest gainer in 'A' group.

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First Published: May 05 2014 | 4:18 PM IST

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