India Movers: CONCOR, Eclerx, Endurance Tech. KIMS, Prince Pipes, Triveni Turbine, Ratnamani Metals

Arun Goswami
17 May, 2024
Mumbai

Stocks in Mumbai edged lower and trimmed weekly market gains, and investors reacted to the latest batch of mixed quarterly results. 

The Sensex index decreased by 0.2% to 73,503.03, and the Nifty index fell by 0.2% to 22,365.05. 

On the Mumbai stock exchange, 89 stocks traded at their 52-week highs, and 12 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched lower to 7.07%, and the Indian rupee edged lower at ₹83.49 against the U.S. dollar.

IIFL Securities rose 5.4% to ₹166.0 after the financial services company reported better-than-expected quarterly results. 

Revenue in the March quarter increased 68.2% to ₹575.5 crore from ₹342.1 crore, and net income more than doubled to ₹180 crore from ₹86.3 crore a year ago, respectively. 

Krishna Institute of Medical Sciences decreased 3.3% to ₹1,889.80 after the hospital chain operator reported a decline in earnings in its latest quarter. 

Revenue in the March quarter rose 10% to 633.8 crore from 576 crore, and net income declined 29.8% to 65.4 crore from 93 crore a year ago, respectively. 

Prince Pipes & Fittings advanced 2.5% to ₹662.50 despite the tubular products company reporting lower revenue and earnings in its latest quarter. 

Revenue in the March quarter decreased by 3.2% to ₹740.1 crore from ₹764.4 crore, and net income decreased by 42% to ₹54.6 crore from ₹94.1 crore a year ago, respectively. 

Triveni Turbine increased 3.2% to ₹624.55 after the power generation equipment maker reported better-than-expected quarterly results. 

Revenue in the March quarter jumped 24% to ₹458.1 crore from ₹369.8 crore, and net income jumped 36.2% to ₹75.6 crore from ₹55.5 crore a year ago, respectively. 

Endurance Technologies soared 8.6% to ₹2,200.00 after the company reported strong gains in revenue and earnings in its latest quarter. 

Revenue in the March quarter increased 20.2% to ₹2,648.7 crore from ₹2,234.3 crore, and net income soared 54% to ₹210.1 crore from ₹136.4 crore a year ago, respectively. 

Eclerx Services increased 4.7% to ₹2,411.0 despite the business process outsourcing company reporting a decline in earnings in its latest quarter. 

Revenue increased 10.6% to ₹766.5 crore from ₹693.1 crore, and net income declined 1.5% to ₹130.5 crore from ₹132.5 crore a year ago, respectively. 

Container Corporation of India, or CONCOR, decreased 2.8% to ₹1,007.75 after the company reported weaker-than-expected quarterly results. 

Revenue in the March quarter increased 6.5% to ₹2,325 crore, and net income advanced 13.5% to ₹317 crore from ₹279 crore a year ago, respectively. 

Ratnamani Metals & Tubes fell 2.4% to ₹3,067.0 after the metal processing company reported muted results in its latest quarter. 

Revenue in the March quarter fell 0.2% to ₹1,495.7 crore from ₹1,499.1 crore, and net income edged up to ₹192.2 crore from ₹191.6 crore a year ago, respectively.