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Monday, 2 March 2015

Sensex slips into red; Bajaj Auto falls 3% on Feb sales nos

1:30 pm Earnings: Videocon Industries reported 5.55 percent increase in standalone net profit at Rs 18.61 crore for the quarter ended December 2014. The company had reported a standalone net profit of Rs 17.63 crore for the same quarter a year ago, Videocon Industries said in a BSE filing.

The company's net sales during the quarter stood at Rs 3,135.14 crore, down 2.25 percent from Rs 3,207.4 crore in the same quarter last year.

Its revenue from consumer electronics and home appliances segment increased marginally by 1.51 percent to Rs 2,888.96 crore and revenue from crude oil and natural gas segment declined 34.88 percent to Rs 244.66 crore.

Don't miss: Eicher Motors surges 3%, Royal Enfield sales up 49% in Feb

The market is still flat but the Nifty holds 8900-level. The 50-share is up 18.75 points 8920.60. The Sensex is down 68.53 points at 29292.97. About 1277 shares have advanced, 1302 shares declined, and 183 shares are unchanged.

Bajaj Auto falls 4 percent on weak auto sales number in February. It reported a 21 percent decline in motorcycle sales at 2,16,077 units in February 2015. The company had sold 2,73,323 units in the year ago period. Its exports fell by 20 percent during the month to 1,12,909 units from 1,42,009 units in the corresponding year-ago period. The company 's total vehicle sales last month stood at 2,43,319 units, down 22 percent year-on-year.

ITC also continues to lose 4 percent. Other laggards include Tata Motors, Hero MotoCorp and Bharti Airtel.

Among the gainers are Axis Bank, L&T, Cipla, BHEL and HDFC Bank. More information please visit this site www.bigprofitbuzz.com

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