Hindalco Industries is trading marginally higher at Rs 161.55 over its previous day’s close, bouncing back 9% from day’s low of Rs 148.75, after reporting 2% year-on-year (yoy) drop in standalone net profit at Rs 451 crore for the quarter

Dishman Pharmaceuticals and Chemicals  has surged 18% to Rs 65.10 after reporting a ten-fold jump in consolidated net profit at Rs 16.72 crore for the quarter ended December, on the of lower raw material cost.

Greaves Cotton has rallied 15% to Rs 94.70 after the company said it has sold its land in Chennai for a consideration of Rs 80 crore.

Dhanlaxmi Bank has surged 12% at Rs 64.40, extending its previous day’s 3% gain, on back of huge volumes.

Venky’s India has slumped 8% to Rs 436 after its net profit plunged by 81% on year-on-year (yoy) basis at Rs 2.93 crore for the quarter ended December due to higher expenditure.

Oil and Natural Gas Corporation (ONGC) is trading lower 3% at Rs 275.75 on reporting 4.8% year-on-year drop in its net profit at Rs 6,741 crore for the quarter ended December 2011 due to three-fold jump oil subsidy burden.

Unity Infraprojects was locked in 5% upper circuit at Rs 46.60 after the company said it has bagged new construction orders worth Rs 485 crore.

Thomas Cook (India) has rallied 15% to Rs 61.75, extending Wednesday’s 20% surge, after the company said that its UK parent – Thomas Cook Plc has finalized plans to sell its entire 77.1% stake in its Indian subsidiary.

Jubilant FoodWorks is trading higher by 4% at Rs 984, extending its yesterday’s 3% gain on reports that the company plans to foray into Bangladesh in the next one year and add two new stores in Sri Lanka in the coming months.

Gammon Infra has zoomed 11% to Rs 16.78 after bagging Rs 1,684 cr project from NHAI for widening Vijaywada-Gundugolanu section of National Highway in Andhra Pradesh.

Tech Mahindra has fallen 1.93% to Rs 638.20 after consolidated net profit rose 14.80% to Rs 276.02 cr backed by gains from its associate firm Mahindra Satyam.

Hindalco Industries has plunged 8% to Rs 149 after Novelis, the US unit of the company cut its fiscal-year earnings estimate for the second time, citing lower shipments because of soft demand in Europe and weakness in its electronics business in Asia.

Essar Shipping has rallied 9% to Rs 34 on reporting 43% year-on-year (yoy) increase in net profit at Rs 48.6 crore for the quarter ended December 2011, as against Rs 33.9 crore in the same quarter last year.

Shares in Thomas Cook (India) Ltd rose as much as 16% in early trade on Thursday, a day after its UK-based parent Thomas Cook Group Plc said it will look to sell its stake in the Indian travel operator.

Power Grid Corporation of India has opened 3% higher at Rs 111 after reporting 37% year-on-year (yoy) growth in net profit at Rs 809 crore for the quarter ended December 2011, compared with Rs 591 crore in the corresponding quarter of previous fiscal.

Orchid Chemicals and Pharmaceutical has plunged 10% to Rs 171 on reporting a consolidated net loss of Rs 11.06 crore for the third quarter ended December 2011, compared with a net profit of Rs 56.62 crore in a year earlier.

Thomas Cook (India) has locked upper circuit of 20% at Rs 53.85 on reports that its parent Thomas Cook Group Plc plans to sell stake in its Indian arm Thomas Cook (India).

Jindal Steel and Power has moved up 4.4% to Rs 597 on reports that the company plans to spend $300 million (approx Rs 1,500 crore) in developing new and existing mines in Africa.

Bharat Gears has galloped 20% to Rs 70.70 on reporting over two-fold jump in net profit at Rs 8.20 crore for the third quarter ended December 2011 on the back of higher income.

Reliance Industries (RIL) current trading higher by 2.4% at Rs 864.70, and is close to its maximum buyback price of Rs 870 per share.