Maruti Suzuki India, Housing Development & Infrastructure, Century Textiles & Industries and Jaiprakash Associates are among the other gainers.
Mahindra & Mahindra Financial Services (M&M Financial) surged 9.26% to Rs 300.95. The stock topped the gainers in the BSE's 'A' group. The stock hit a record high of Rs 306 in intraday today, 29 October 2013.
India's largest car maker by sales Maruti Suzuki India spurted 8.19% to Rs 1,636.90 on strong Q2 result. The stock was second biggest gainer in 'A' group.
Maruti Suzuki India after trading hours on Monday, 28 October 2013, said its net profit jumped 194.7% to Rs 670.20 crore on 26.5% growth in net sales to Rs 10211.80 crore in Q2 September 2013 over Q2 September 2012. The company said that base effect aided strong growth in bottomline in Q2 September 2013 -- the company's performance in Q2 September 2012 was adversely impacted by labour problems at its Manesar plant. Higher localization and cost reduction initiatives by the company also contributed significantly to bottomline growth in Q2 September 2013, Maruti said. The overall impact of foreign exchange was positive during the quarter, Maruti said.
Maruti said that the company's new diesel engine facility at Gurgaon and the third assembly facility at Manesar went on stream during Q2 September 2013. With this, the company's total capacity for vehicle assembly has risen to 1.5 million vehicles per annum.
Real estate developer Housing Development & Infrastructure (HDIL) galloped 7.61% to Rs 43.15. The stock was third biggest gainer in 'A' group.
Century Textiles & Industries jumped 7.44% to Rs 281.05. The stock was fourth biggest gainer in 'A' group.
Infrastructure company Jaiprakash Associates climbed 7.29% to Rs 46.35 on bargain hunting after the stock fell 9.15% in the preceding four trading sessions to Rs 43.20 on 28 October 2013, from a recent high of Rs 47.55 on 22 October 2013. The stock was fifth biggest gainer in 'A' group.
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