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It was a flat week for the markets with Sensex and Nifty gaining 0.32 per cent and 0.17 per cent to close at 20,104 and 6,075 respectively.

Among the sectoral indices, BSE Realty (down 5.5 per cent) was the biggest loser, followed by BSE PSU (down 2.3 per cent) and BSE Auto (down 2 per cent). BSE Capital Goods was the top gainer, up 2.4 per cent for the week.

The stock of Finolex Industries surged 22 per cent after the company posted net profit of Rs 30.6 crore in the December quarter, compared to a loss of Rs 1.7 crore during the corresponding quarter last year.

The stock of cable operator Den Networks soared 12 per cent during the week on the back of a three-fold year-on-year increase in its consolidated net profit to Rs 19.6 crore during the December quarter.

Suzlon Energy’s stock rose 11 per cent on the approval of its corporate debt restructuring proposal. A consortium of 20 lenders, led by the State Bank of India, has agreed to recast its Rs 11, 000 crore debt.

The stock of Prime Focus, a global visual entertainment services provider, gained close to 10 per cent after signing a multi-year, multi-million euro deal with a leading European toy manufacturer for 3D animation.

Airline major Spice Jet’s stock rose 7 per cent following healthy quarterly results. The airline reported net profit of Rs 102 crore for the December quarter, against loss of Rs 39.3 crore during the same quarter last year.

Entertainment major Sun TV’s stock gained 6 per cent during the week. Increased subscription and advertising revenues helped the company report 13 per cent year-on-year growth in its net profit to Rs.190 crore for the December quarter.

The stock of Kotak Mahindra Bank rose 6 per cent on the back of a 25.6 per cent rise in the consolidated net profit to Rs.466 crore for the December quarter, compared to the same period last year.

Construction major Larsen & Toubro’s stock gained 5 per cent after the company reported a 13 per cent year-on-year growth in profit to Rs 1,122 crore for the December quarter.

HDIL’s stock tanked 32 per cent on the back of stake sale by its promoter Sarang Wadhwan, and Citigroup Global Markets Mauritius. Infrastructure company IVRCL’s stock tanked 19 per cent on rumours alleging the company’s linkage to the death of a NHAI consultant. The company has, however, denied the allegations.

The stock of Andhra Pradesh Paper Mills lost 14 per cent after the company reported loss of Rs 28 crore in the December quarter, higher than in the previous year.

Similarly, poor results sparked a 10-13 decline in the stocks of Raymond, Polaris Financial Technology and Aptech..

(This article was published on January 26, 2013)
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