India Movers: Adani Enterprises, Ajanta Pharma, Blue Dart, CEAT, Coal India, Dabur, Zydus Lifesciences

Arun Goswami
03 May, 2024
Mumbai

Stocks in Mumbai advanced in Friday's trading and extended weekly gains to 2% and the year-to-date's advance to 4.8%. 

The Sensex index increased by 0.5% to 75,028.02, and the Nifty index rose by 0.5% to 22,774.70. 

On the Mumbai stock exchange, 120 stocks traded at their 52-week highs, and 3 stocks traded at their 52-week lows.

Adani Enterprises decreased by 0.9% to ₹3,029.0 after the Adani family's holding company reported mixed quarterly results. 

Revenue in the March quarter rose 1% to ₹29,180 crore and net income fell 38% to ₹451 crore from a year ago, respectively.

Dabur India rose 4.1% to ₹528.60 after the consumer product maker reported quarterly results. 

Revenue in the March quarter increased by 5% to ₹2,814.6 crore, and net profit soared by 16.5% to ₹341 crore from a year ago, respectively.

CEAT Ltd. advanced by 2.2% to ₹2,625.0 after the tiremaker reported a decline in profit in its latest quarter. 

Revenue in the March quarter rose by 4% to ₹2,991.85 crore and net income dropped by 22.6% to ₹102.3 crore from a year ago, respectively. 

Coal India decreased by 0.5% to ₹452.0 after the natural resource company reported weaker-than-expected quarterly revenue. 

Consolidated revenue in the March quarter declined 2% to 37,410 crore, and net income surged 26% to 8,682 crore from a year ago, respectively. 

Zydus Lifesciences advanced 3.6% to ₹987.90 after the company said it agreed to acquire the remaining 25% stake in Bayer Zydus Pharma for ₹282 crore. 

After the purchase, Zydus will control 100% of the company. 

Ajanta Pharma soared 11% to ₹2,469.80 after the company announced a plan to buyback 10 lakh shares, or 0.82% of the outstanding shares of the company. 

Blue Dart Express gained 2% to ₹6,367.50 after the parcel delivery company reported slightly positive quarterly results. 

Revenue in the March quarter increased to 1,333.9 crore from 1,225.2 crore, and net income soared 12% to 77.8 crore from 69.8 crore a year ago, respectively.