India Movers: AB Sun Life, Bajaj Finance, ITC, Marico, NTPC, Newgen Software, Piramal Enterprises, Vodafone Idea

Arun Goswami
30 Jan, 2024
Mumbai

Stocks in Mumbai struggled to hold gains in early trading following a surge of more than 1% in the previous session.

The Sensex index decreased 130.45 points to 71,811.10, and the Nifty index declined 15.0 points to 21,722.60.

On the Mumbai stock exchange, 275 stocks traded at their 52-week highs and 8 stocks traded at their 52-week lows.

ITC Ltd. decreased 1.5% to ₹448.70 after the tobacco product maker reported quarterly results.

Consolidated net profit in the December quarter rose to ₹5,335.2 crore from ₹5,006.6 crore a year ago.

Bajaj Finance jumped 1.6% to ₹7,200.0 after the financial services company reported a surge in quarterly profit and revenue.

Net interest income in the December quarter jumped 29% to 7,655 crore, and net profit jumped 22% to 3,639 crore from a year ago, respectively.

Vodafone Idea fell 1% to ₹14.75 after the struggling telecom carrier reported a smaller loss compared to a year ago.

Net loss in the December quarter shrank 12% to 6,985 crore from 7,990 crore a year ago.

NTPC declined 0.8% to ₹321.85 after the power producer reported mixed quarterly results.

Revenue in the December quarter declined 4% to 42,820 crore, but net income rose 7.3% to 5,209 crore from a year ago, respectively.

Marico Ltd. increased 1% to ₹521.85 after the company reported mixed quarterly results.

Revenue in the December quarter declined 1.9% to 2,422 crore, but net profit rose 16% to 386 crore from a year ago, respectively.

Piramal Enterprises rose 0.8% to ₹891.50, and the company swung to a consolidated loss in its latest quarter.

The financial services provider in the December quarter swung to a loss of ₹2,378 crore from a profit of ₹3,545.4 crore in the corresponding period in the previous year.

Aditya Birla Sun Life AMC increased 3.4% to ₹493.75 after the company reported a rise in its quarterly profit.

Consolidated profit in the December quarter soared 26% from a year ago to ₹209.3 crore.

Newgen Software advanced 0.02% to ₹845.25 after the company's subsidiary won a seven-year contract to develop and support the digital apps for a customer in Singapore.