India Movers: Divi's Labs, Glenmark Pharma, Hindustan Copper, Kolte-Patil, NTPC, Torrent Pharmaceuticals, United Spirits

Arun Goswami
27 May, 2024
Mumbai

Stocks in Mumbai advanced in Monday's trading as investors looked forward to the release of March quarter GDP growth, the central government's deficit, and infrastructure spending. 

The Sensex index decreased by 0.1% to 75,368.18, and the Nifty index fell by 0.1% to 22,946.05. 

On the Mumbai stock exchange, 141 stocks traded at their 52-week highs, and 34 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched lower to 6.99%, and the Indian rupee edged lower at ₹83.07 against the U.S. dollar.

Divi's Laboratories increased 4.3% to ₹4,298.75 after the company reported a sharp rise in revenue and earnings in the March quarter. 

Revenue increased 118% to ₹2,303 crore from ₹1,951 crore, and net income soared 67.6% to ₹538 crore from ₹321 crore a year ago, respectively. 

Operating earnings soared 50.1% to ₹731 crore from ₹487 crore, and operating margin improved to 32% from 25% a year ago. 

Torrent Pharmaceuticals jumped 3.3% to ₹2,724.85 after the company reported rising sales and earnings in the March quarter. 

Consolidated revenue in the quarter rose 10.2% to ₹2,745 crore, and net profit soared 56.4% to ₹449 crore from a year ago, respectively. 

The company's management proposed a final cash dividend of ₹6 per share, and the company said it plans to raise ₹500 crore.

United Spirits increased 1.2% to ₹1,192.50 after the alcohol beverage company reported a rise in revenue and earnings in the March quarter. 

Revenue increased 11.2% to ₹2,783 crore, and net income soared 136% to ₹241 crore. The company's management proposed a final dividend of ₹5 per share. 

Kolte Patil decreased 5.7% to ₹486.05 after the Pune-based real estate developer reported weaker-than-expected quarterly results. 

Revenue in the March quarter dropped 34% to ₹486.05 to 526 crore, and net profit swung to a net loss of 26 crore. 

Hindustan Copper declined 1.3% to ₹367.0 after the mining company reported a decline in net income in its latest quarter.

Revenue in the March quarter rose 1% to 565 crore and net income decreased 6% to 124 crore from a year ago, respectively. 

NTPC increased 0.2% to ₹376.15 after the power generation company reported a rise in revenue and earnings in the March quarter. 

Revenue rose 7.6% to ₹47.6222 crore, and net income increased 33.2% to ₹6,490 crore. The company's board recommended a final dividend of ₹3.25 per share. 

Glenmark Pharmaceuticals rose 6.6% to ₹1,103.45 after the generic pharmaceutical company reported muted quarterly results. 

Revenue in the March quarter increased by 2.1% to ₹3,063 crore, and net income swung to a loss of ₹1,218 crore because of a one-time charge of ₹447 crore.