India Movers: Finolex Industries, IndusInd Bank, Magnum Ventures, Mastek, Metro Brands, Shalby, Supreme Petrochem

Arun Goswami
19 Jan, 2024
Mumbai

Stocks in Mumbai rebounded in Friday's trading after falling for two days in a row, following a rally in global markets.

The Sensex index decreased 396.62 points to 71,104.14, and the Nifty index fell 132.25 points to 21,439.70.

Two widely followed indexes are set to close down about 1.6% in the week.

On the Mumbai stock exchange, 94 stocks traded at their 52-week highs and 1 stock traded at their 52-week lows.

IndusInd Bank decreased 1.4% to ₹1,591.0, and the financial services company reported a stable gross non-performing assets ratio in the latest quarter.

Net interest income in the December quarter increased 17.8% to ₹5,295.7 crore, and net profit advanced 17% to ₹2,297.9 crore from a year ago, respectively.

The gross non-performing asset ratio was stable at 1.92% compared to the previous quarter, and the net non-performing asset ratio was flat at 0.57%.

Supreme Petrochem declined 0.1% to ₹536.85 after the company reported a decline in profit in the latest quarter.

December quarter sales increased to ₹1,183.32 crore from ₹1,177.39 crore, and net income dropped 25% to ₹67.7 crore from ₹89.9 crore a year ago, respectively.

Magnum Ventures increased 3.2% to ₹72.80, and the company's board set January 25 as the record date for ₹48.9 crore rights issues.

Finolex Industries rose 1% to ₹234.70 after the company reported mixed quarterly results.

Revenue in the December quarter decreased 8.5% to ₹1,054.8 crore, but net income advanced 20% to ₹95.4 crore.

Mastek increased 0.9% to ₹2,929.0 after the company's board declared an interim dividend of 7 per share to shareholders on January 27.

Metro Brands decreased 4.3% to ₹1,161.10, and the company reported a decline in profit of 12.6% to ₹97.8 crore.

The company's board also announced an interim dividend of ₹2.75 per share to shareholders on record on January 31.

Shalby Ltd. advanced 1.4% to ₹308.50 after the multi-discipline hospital operator said it plans to acquire an 87.26% stake in PK Healthcare for ₹102 crore.