India Movers: LIC Housing, NCC, Paradeep Phosphates, Pricol, Somany Ceramics, TCI, Titagarh Rail

Arun Goswami
16 May, 2024
Mumbai

Stocks in Mumbai advanced, and investors reacted positively to the latest batch of quarterly results. 

The Sensex index increased by 0.3% to 73,170.32, and the Nifty index rose by 0.2% to 22,238.50. 

On the Mumbai stock exchange, 96 stocks traded at their 52-week highs, and 17 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched lower to 7.06%, and the Indian rupee edged lower at ₹83.46 against the U.S. dollar.

Transport Corporation of India advanced 1.5% to ₹895.65 after the logistics and supply chain management company reported positive quarterly results. 

Revenue in the March quarter increased 10.2% to ₹1,079 crore from ₹979.3 crore, and net income soared 25.3% to ₹102.1 crore from ₹85.1 crore a year ago, respectively. 

Somany Ceramics increased 1.1% to ₹625.70 after the tiles and flooring material maker reported strong gains in the latest quarter. 

Revenue in the March quarter increased 8.6% to ₹737.5 crore from ₹679.2 crore, and net income jumped 26.8% to ₹30.8 crore from ₹24 crore a year ago, respectively. 

NCC Ltd. increased 1.8% to ₹256.0 after the industrial construction company reported a rise in revenue and earnings in the latest quarter. 

Revenue in the March quarter rose 31% to 6,485 crore from 4,949 crore, and net income advanced 25.2% to 239.2 crore from 191 crore a year ago, respectively. 

Paradeep Phosphates decreased 0.9% to ₹71.45 after revenue declined in the latest quarter. 

Revenue in the March quarter fell 38.5% to ₹2,242.7 crore from ₹3,644 crore, and net income rose to ₹21.5 crore from ₹10.0 crore a year ago, respectively. 

Pricol Ltd. rose 2.8% to ₹448.75 after the automotive component maker reported strong gains in revenue and earnings. 

Revenue in the March quarter rose 11.0% to ₹566.2 crore from ₹509.7 crore, and net income advanced 39.3% to ₹41.5 crore from ₹29.8 crore a year ago, respectively. 

LIC Housing Finance increased 0.5% to ₹631.10 after the company reported mixed quarterly results. 

Net interest income in the March quarter rose 12.4% to ₹2,237.6 crore from ₹1,990.3 crore, and net income dropped 7.6% to ₹1,090.8 crore from ₹1,180 crore a year ago, respectively. 

Power Finance rose 3.7% to ₹452.85 after the financial services provider to electric utilities reported a surge in earnings and revenues. 

Revenue in the March quarter rose 20% to ₹12,243.7 crore and net income advanced to 18.4% to ₹4,135 crore, from a year ago, respectively. 

The company declared a final dividend of ₹2.50 per share, in addition to the ₹11 per share paid during the fiscal year.