India Movers: Apollo Hospitals, BGR Energy, Bharat Dynamics, Bharat Rasayan, Sunteck Realty, Welspun Corp.

Arun Goswami
31 May, 2024
Mumbai

Stocks in Mumbai traded higher, and benchmark indexes are set to close down for the week and the month of May amid persistent inflation and elevated valuations. 

The Sensex index increased by 0.8% to 74,459.98, and the Nifty index rose by 0.7% to 22,640.80.

On the Mumbai stock exchange, 62 stocks traded at their 52-week highs, and 30 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched higher to 7.0%, and the Indian rupee edged lower at ₹83.23 against the U.S. dollar.

Welspun Corp. dropped 5.9% to ₹565.75 despite the large-diameter pipe manufacturing company reporting a rise in sales and earnings in the March quarter. 

Revenue increased 9.6% to ₹4,416 crore and net income rose 19.7% to ₹287.3 crore from a year ago, respectively. 

Sunteck Realty advanced 0.2% to ₹475.95 after the residential property developer reported a surge in its quarterly revenue. 

Revenue in the March quarter jumped ninefold to ₹426.9 crore from ₹48.9 crore, and net income swung to a profit of ₹101.3 crore from a loss of ₹27.9 crore. 

Bharat Rasayan soared 14.9% to ₹10,580.0 after the bulk agrochemical maker reported a surge in profit in the March quarter. 

Revenue increased 1.2% to ₹309.6 crore and net income soared 122% to ₹67.1 crore from a year ago, respectively. 

BGR Energy Systems declined 1.8% to ₹38.80 after the power utility plant builder swung to profit in the March quarter. 

Revenue in the quarter advanced 59.4% to ₹170 crore from ₹106.7 crore, and net income swung to a profit of ₹129.4 crore from a loss of ₹217.6 crore a year ago, respectively. 

Apollo Hospitals Enterprise advanced 1.4% to ₹5,842.0 after the hospital chain operator reported a rise in revenue and earnings in the March quarter. 

Revenue rose 14.9% to ₹4,944 crore from ₹4,302.2 crore, and net income jumped 77.5% to ₹258.4 crore from ₹145.6 crore a year ago, respectively. 

Bharat Dynamics edged up a fraction to ₹1,547.60 after the arm maker reported strong quarterly results. 

Revenue in the March quarter rose 7% to 854.1 crore from 798.3 crore, and net income soared 89% to 288.8 crore from 152.8 crore a year ago, respectively.