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India Hot Stocks: Marico extends gains on Q4 performance

Wed Apr 22, 2009 4:01am EDT

Stocks

   

(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 was down 1.93 percent at 3,300.35 points.

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* Marico Ltd (MRCO.BO) 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 (PRAJ.BO) 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 (WIPR.BO) 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 (ICBK.BO) 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 (MOSS.BO) 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 (HCLT.BO) 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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