India Hot Stocks: Marico extends gains on Q4 performance

(Adds Marico)
MUMBAI, April 22 (Reuters) - The following stocks were on the
move at the BSE on Wednesday.
At 1.16 p.m., the benchmark 30-share BSE index <.BSESN> was
down 1.6 percent at 10,723.62 points.
The 50-share National Stock Exchange Index <.NSEI> was down
1.93 percent at 3,300.35 points.
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* Marico Ltd extended gains and rose as much as
6.75 percent to 68 rupees after the company posted a 9 percent
rise in consolidated net profit to 444.1 million rupees for the
quarter ended March 31.
Shares were up 2.8 percent at 66.5 rupees.
(1.24 p.m.)
(nandita.bose@thomsonreuters.com)
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* Praj Industries Ltd fell as much as 9.2 percent
to 68 rupees after the company on Tuesday posted a more than 15
percent fall in net profit to 1.3 billion rupees in FY09.
Shares were down 8.41 percent at 68.6 rupees.
(1.11 p.m.)
(nandita.bose@thomsonreuters.com)
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* Wipro Ltd jumped to a high of 294.95 rupees after
it posted a 4 percent rise in Jan-March net profit to 9.1 billion
rupees, beating forecasts. Shares later eased to 290.20 rupees,
up 5.8 percent.
(10:13 a.m.)
(aniruddha.basu@thomsonreuters.com)
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* ICICI Bank rose as much as 3.5 percent in morning
trades after India's largest private lender cut lending rates by
50 basis points. Shares in the bank were up 3 percent at 411
rupees.
(10.06 a.m.)
(jasudha.kirpalani@thomsonreuters.com)
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* Motherson Sumi Systems rose to a high of 89.90
rupees after 7 million shares, or 1.96 percent of equity, changed
hands in a block deal on BSE at 82 rupees each.
Shares were up 6.8 percent at 84 rupees
(10:04 a.m.)
(nandita.bose@thomsonreuters.com)
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* HCL Technologies Ltd fell as much as 13.29
percent to 120 rupees after the software exporter posted a 42
percent fall in net profit in the March quarter.
Shares recovered to 129 rupees, still down 6.79 percent.
(10.03 a.m.)
(nandita.bose@thomsonreuters.com)
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((Editing by Harish Nambiar; nandita.bose@thomsonreuters.com;
+91 22 6636 7374; Reuters Messaging:
nandita.bose.reuters.com@reuters.net))
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Keywords: MARKETS INDIA HOTSTOCKS/

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