TV18 Broadcast, Strides Arcolab, Axis Bank and HDFC Bank are among the other gainers.
Adani Ports and Special Economic Zone spurted 12.2% to Rs 140.70 and topped the gainers in the BSE's 'A' group. The company's consolidated net profit surged 51.12% to Rs 417.50 crore on 73.35% growth in total income to Rs 1567.97 crore in Q1 June 2013 over Q1 June 2012. The Q1 result was announced during trading hours today, 1 August 2013.
Adani Ports and Special Economic Zone's (APSEZ) consolidated earnings before interest, taxation, depreciation and amortization (EBITDA) surged 42% to Rs 943 crore in Q1 June 2013 over Q1 June 2012.
The consolidated cargo handled by APSEZ rose 39% to 26.67 MMT in Q1 June 2013 over Q1 June 2012.
The cargo handled by Dahej port rose 24% to 2.22 MMT year on year (YoY) during the quarter. The cargo handled by Hazira port stood at 0.87 MMT in Q1 June 2013, beginning its journey to be a large diversified port, adding to the overall Adani Ports' synergy. The progress at all other ports in Goa, Vizag and Tuna Tekra are on schedule, APSEZ said in a statement.
During the quarter, the company raised Rs 1000 crore via institutional placement programme (IPP).
Commenting on the company's Q1 performance, Mr. B Ravi, CEO, APSEZ said, "t gives us immense pleasure to state that Adani Ports continues to outperform in cargo volume and has established its leadership position in the sector. Our growth will further get impetus from the newly commercialized port at Hazira and strengthen base for long term sustainable growth and a step towards pan India presence".
TV18 Broadcast galloped 8.29% to Rs 18.95. The stock was second biggest gainer in 'A' group.
Strides Arcolab jumped 7.19% to Rs 631 and was third biggest gainer in 'A' group. The stock had dropped as much as 6.12% at the day's low of Rs 552.65, also its 52-week low. At the fag end of the day's trading session, the company said it has received tentative approval from the USFDA for its anti aids combination drug Tenofovir Disoproxil Fumarate and Emtricitabine Tablets, 300mg and 200mg.
Axis Bank surged 4.87% to Rs 1,084.80 and was fourth biggest gainer in 'A' group. The stock rose on bargain hunting after sliding 8.3% in prior four trading days to Rs 1,034.45 on 31 July 2013 from Rs 1,128.05 on 25 July 2013.
HDFC Bank rose 3.67% to Rs 632.10 and was fifth biggest gainer in 'A' group. The stock gained on bargain hunting after sliding 10.78% in prior six trading days to Rs 609.70 on 31 July 2013 from Rs 683.35 on 23 July 2013.
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