India Movers: Bank of Baroda, Bata India, Mahindra & Mahindra Financial

Arun Goswami
01 Feb, 2024
Mumbai

Stocks in Mumbai advanced, and the yield on Indian government bonds edged lower after investors warmed up to the interim budget measures. 

The Sensex index increased 332.26 points to 71,977.56, and the Nifty index rose 115.30 points to 21,812.75. 

On the Mumbai stock exchange, 142 stocks traded at their 52-week highs and 5 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds decreased to 7.06%, and the Indian rupee strengthened ₹82.93 against the U.S. dollar.

Bata India declined 2% to ₹1,457.55 after the footwear retailer reported a decline in earnings.

Revenue in the December quarter rose 0.4% to ₹903.4 crore from ₹900 crore, and net income dropped 30% to ₹58 crore from ₹83 crore a year ago, respectively.

Bank of Baroda rose 3.5% to ₹256.50 after the company reported a jump in profit in its latest quarter.

Revenue in the December quarter rose to ₹31,415 crore from ₹27,092 crore, profit after-tax advanced 19% to ₹4,579 crore from ₹3,852 crore, and earnings per share increased to ₹8.86 from ₹7.45 a year ago.

Mahindra & Mahindra Financial declined 1.8% to ₹284.0 after the vehicle financial services provider reported better-than-expected quarterly earnings.

Net interest income in the December quarter surged 10% to ₹1,815 crore from ₹1,650 crore in the previous year.

Net interest income increased by 8% from the previous quarter.

Net interest margin declined to 6.8% from 7.4% a year ago but improved sequentially from 6.5%.

Stocks trading ex-dividends are expected to be among the most actively traded stocks today.

Mangalore Refinery has declared an interim dividend of ₹1.0, Oberoi Realty of ₹2.0. Zensar Technologies of ₹2.0, Indian Energy Exchange of ₹1.0, and Balkrishna Industries of ₹4.0, payable to shareholders on record on February 2.