Fertiliser maker Coromandel International spurted 8.30% to Rs 199.55. The stock topped the gainers in the BSE's 'A' group.
Anil Dhirubhai Ambani-controlled Reliance Communications (RCom) galloped 7.79% to Rs 100.30. The stock was second biggest gainer in 'A' group. The stock hit a 52-week high of Rs 101.35 in intraday today, 29 April 2013.
RCom, on 22 April 2013, announced that Samena Capital in a proposed consortium with certain other global PE funds is at an advanced stage of the process of due diligence and completion of definitive documents in relation to the acquisition of the company's global communications services business unit -- Reliance Globalcom. The intended time line for completion of the transaction is end May 2013. At this point, there can be no certainty that this will lead to a transaction, RCom said. A further announcement will be made in due course, if and when appropriate, the company added. RCom also said that it has discontinued discussions with Batelco Group for selling its sake in Reliance Globalcom. RCom had earlier said in March 2013 that it was in discussions with Batelco Group with respect to Reliance Globalcom.
FMCG major Hindustan Unilever (HUL) jumped 6.98% to Rs 497.60 on good Q4 results. The stock was third biggest gainer in 'A' group. HUL's net profit before exceptional items rose 18% to Rs 781 crore on 12.13% growth in total income from operations to Rs 6465.81 crore in Q4 March 2013 over Q4 March 2012. The company announced the Q4 results during market hours today, 29 April 2013. While commodity costs were relatively benign during the quarter, competitive intensity remained at high levels, HUL said. The company said it continued to invest behind its brands. The company's expenditure on Advertising and Promotions (A&P) rose by Rs 144 crore in Q4 March 2013. Despite this step up, profit before interest and tax (PBIT) grew 17% and PBIT margin improved by 60 bps, the company said.
HUL said that during the quarter, the domestic consumer business grew at 13% with strong 6% underlying volume growth. Both Home and Personal Care (HPC) and Foods and Beverages (F&B) registered double digit growth in Q4 March 2013, the company said in a statement.
Indiabulls Real Estate climbed 6.74% to Rs 75.20. The stock was fourth biggest gainer in 'A' group.
Engineering company Siemens rose 6.28% to Rs 534.40 as the company at the time of announcement of Q2 March 2013 results on Friday, 26 April 2013 said its new orders rose 52% to Rs 2814.10 crore in Q2 March 2013 over Q2 March 2012. The stock was fifth biggest gainer in 'A' group.
Siemens' net profit fell 89.9% to Rs 29.95 crore on 27.1% decline in net sales to Rs 2907.72 crore in Q2 March 2013 over Q2 March 2012. The company announced Q2 results during market hours on Friday, 26 April 2013. The stock had fallen 3.61% to settle at Rs 502.80 on that day.
Siemens said that the difference in net profit was primarily accounted for by a charge of Rs 90 crore in the Q2 March 2013 on account of revised estimates of revenues, costs and project related provisions as against credit during Q2 March 2012 of Rs 265.98 crore.
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