India Movers: Bajaj Auto, CEAT, Bank of Baroda, Canara Bank, Dalmia Bharat, Bank of India, Indian Oil, Tata Steel, Tech Mahindra

Arun Goswami
24 Jan, 2024
Mumbai

Stocks in Mumbai edged lower, and investors reviewed a flood or corporate earnings results. 

The Sensex index decreased 287.67 points to 70,772.64, and the Nifty index fell 63.20 points to 21,390.75. 

On the Mumbai stock exchange, 134 stocks traded at their 52-week highs and 8 stocks traded at their 52-week lows.

Tata Steel increased 3.7% to ₹134.90 after the company swung to a profit in its latest quarter.

Consolidated revenue in the December quarter decreased 3.1% to 55,311.9 crore, and the company swung to a profit of 513.4 crore from a loss of 2,223.5 crore a year ago.

Dalmia Bharat gained 2.8% to ₹2,168.55 after the company reported quarterly results.

Revenue in the December quarter rose 7% to ₹3,600 crore, and net profit advanced 29% to 263 crore from a year ago.

CEAT Ltd. jumped 4.5% to ₹2,880.10 after the company reported a surge in revenue and profit in its latest quarter.

Revenue in the December quarter rose 8.6% to ₹2,963.1 crore, and net income soared five-fold to ₹181.5 crore from a year ago.

Indian Oil Corporation advanced 3.8% to ₹144.20 after the company reported a sharp jump in quarterly earnings.

Net income in the December quarter soared 12-fold to ₹9,030 crore from ₹773 crore in the corresponding period a year ago.

Bajaj Auto added 2% to ₹7,360.0 after the company reported positive quarterly results.

Revenue in the December quarter increased by 30% to ₹12,165 crore, and net income advanced by 38% to ₹2,032 crore a year ago.

Tech Mahindra declined 4.5% to ₹1,349.10 after the company reported weaker-than-expected quarterly results.

Revenue in the December quarter decreased 4.6% to ₹13,101 crore, and net income plunged 60.6% to ₹510.4 crore from a year ago.

Indian Bank gained 3.3% to ₹455.0 after the company reported a surge in profit and revenue in its latest quarter.

Revenue in the December quarter rose 18.8% to ₹16,099 crore, and profit after-tax surged 52% to ₹2,119 crore from ₹1,396 crore a year ago.

Canara Bank added 1.1% to ₹459.60, and the company reported a double-digit increase in revenue and earnings.

Total net income in the December quarter rose 9.5% to ₹9,417 crore, and after-tax profit jumped 26.9% to ₹3,656 crore from a year ago.

Bank of Baroda added 0.02% to ₹228.55 after the company raised ₹5,000 crore through the sale of 10-year infrastructure bonds paying an interest rate of 7.57%.