India Movers: Apollo Tyres, Bharti Airtel, Colgate Palmolive, Shree Cements, Siemens

Arun Goswami
15 May, 2024
New York City

Stocks and benchmark indexes in Mumbai opened higher, and investors reviewed the fresh batch of mixed quarterly results.  

The Sensex index increased by 0.2% to 73,212.71, and the Nifty index rose by 0.2% to 22,261.70. 

On the Mumbai stock exchange, 73 stocks traded at their 52-week highs, and 9 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched lower to 7.10%, and the Indian rupee edged lower at ₹83.48 against the U.S. dollar.

Apollo Tyres decreased 0.3% to ₹476.30 after the company reported weak quarterly results. 

Revenue in the March quarter advanced 0.2% to ₹6,258 crore and net income fell 13.7% to ₹354 crore from a year ago, respectively. 

Siemens increased 1.1% to ₹6,690.0 after the electrical equipment maker reported strong quarterly results. 

Revenue in the March quarter rose 19% to ₹5,248 crore, and net income soared 74% to ₹896 crore. 

New orders in the quarter increased to ₹5,184 crore. 

Shree Cements advanced 0.3% to ₹26,072.0 after the company reported a rise in earnings and sales in the March quarter. 

Consolidated revenue increased 6% to ₹5,433 crore, and net income advanced 28% to ₹674.9 crore from a year ago, respectively. 

Colgate Palmolive declined 1.4% to ₹2,818.0 despite the consumer goods company reporting a strong increase in sales and earnings in the March quarter. 

Consolidated sales rose 10.4% to ₹1,480.7 crore, and after-tax income advanced 20.1% to ₹379.8 crore from a year ago, respectively. 

Bharti Airtel gained 0.1% to ₹1,287.05 after the wireless telecom network operator reported mixed quarterly results. 

Consolidated revenue declined 10.5% to 7,467 crore and net income plunged 31% to 2,071.6 crore from a year ago, respectively.