Century Textile & Industries leads gainers in 'A' group

REC, Bharat Electronics, Cipla and TTK Prestige are among the other gainers.

Century Textile & Industries jumped 6.03% to Rs 307.75 and topped the gainers in the BSE's 'A' group. The stock rose on volume of 10.97 lakh shares, sharply higher than 1.05 lakh shares traded in the counter in the past two weeks. During market hours today, 1 August 2012, the company reported 89.9% slide in net profit to Rs 2.41 crore on 17.9% rise in net sales to Rs 1372.47 crore in Q1 June 2012 over Q1 June 2011.

REC surged 5.77% to Rs 198.90 and was second biggest gainer in 'A' group. The company's net profit jumped 32.4% to Rs 876.73 crore on 30.3% growth in total income to Rs 3092.68 crore in Q1 June 2012 over Q1 June 2011. The result was announced after market hours on Friday, 27 July 2012. The stock had gained 3.03% on Monday, 30 July 2012. It fell 0.34% on Tuesday, 31 July 2012.

Bharat Electronics spurted 5.04% to Rs 1219.05 and was third biggest gainer in 'A' group. The stock rose 1.26% on Tuesday, 31 July 2012. It had slumped 6.86% on Monday, 30 July 2012 after net profit dropped 84.26% to Rs 19.32 crore on 15.3% decline in net sales to Rs 779.21 crore in Q1 June 2012 over Q1 June 2011. The result was announced during market hours on Monday, 30 July 2012.

Cipla gained 4.4% to Rs 353.45 and was fourth biggest gainer in 'A' group. Cipla scaled a 52-week high of Rs 363.60 today, 1 August 2012 after net profit surged 58.2% to Rs 400.76 crore on 23.8% rise in total income to Rs 2011.25 crore in Q1 June 2012 over Q1 June 2011. The company announced the results after market hours on Tuesday, 31 July 2012.

Cipla said income from operations crossed Rs 2000 crore for the quarter and posted a growth of about 24%. Domestic sales grew by more than 30% and export sales grew by about 18%. Operating margins and profits after tax have increased by more than 47% and 58% respectively.

Material cost has decreased by 5% mainly on account of changes in product mix viz. lower proportion of anti-retrovirals and higher contribution of anti-depressant segment (Escitalopram) coupled with increased realizations. As a result, operating margins have also increased by about 5%. The increase in staff cost (Rs 42 crore) is due to annual increments and increase in manpower. Other expenditure has increased by Rs 91 crore for the quarter on account of increase in marketing expenses, professional fees, travel expenditure, etc. Tax for the current quarter has marginally increased due to higher profits.

Meanwhile, shares of Cipla turned ex-dividend today, 1 August 2012, for dividend of Rs 2 per share for the year ending 31 March 2012.

TTK Prestige advanced 4.39% to Rs 3,722.05 and was fifth biggest gainer in 'A' group. The stock scaled a record high of Rs 3,736. The stock extended three-day 9.93% gain from its close of Rs 3,243.40 on 26 July 2012.

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