Indian markets continue to be lacklustre Monday. However, many individual stocks moved on the basis of news flow. Here's a list of top five.
1) CMC Limited: up 3%
The stock has reacted to positive results in the third quarter ending December 2011. Net profit jumped 27% at Rs 41.3 crore quarter-on-quarter while margins expanded by 150 basis points.
2) South Indian Bank: up 2%
The Kerala-based bank reported its Q3 numbers today. Net interest income rose 33.5 per cent to Rs 273.44 crore against Rs 204.79 crore in the same quarter of last year. Profit after tax (PAT) jumped nearly 32 per cent to Rs 102.24 crore against Rs 77.46 crore (year-on-year).
3) SpiceJet: down 4%
State-owned oil companies have hiked aviation turbine fuel (ATF) prices by an average of Rs 1,870/kl from today. Sources said two key executives have resigned from the company.
4) DCB: down 3.5%
The company has postponed its Rs150 crore qualified institutional placement (QIP) plan to June.
5) Hathway Cables: up 16%
Reliance Industries is likely to pick up a stake in leading cable operators, including multi-system operators, according to media reports.
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