India Movers: Avenue Supermarts, Bhansali Engineering, Geojit Financial, HCL Technologies, Jupiter Wagon

Arun Goswami
15 Jul, 2024
Mumbai

Consumer price inflation increased to a four-month high in June and stayed above the RBI's target range after food prices accelerated. 

Industrial output rose to a seven-month high in May due to a surge in electricity production. 

The Sensex index increased by 0.3% to 80,721.82, and the Nifty index rose by 0.3% to 24,567.70. 

On the Mumbai stock exchange, 135 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 higher to 6.99%, and the Indian rupee edged higher to ₹83.54 against the U.S. dollar.

Jupiter Wagons increased 3.9% to ₹723.20, and the company completed a secondary offering and raised ₹800 crore. 

HCL Technologies gained 2.7% to ₹1,601.90, and the software services provider reiterated revenue growth in the current financial year. 

Revenue in the June quarter decreased 1.6% to ₹28,057 crore, and net income dropped 6.8% to ₹4,257 crore from a year earlier. 

The company estimated constant currency revenue in the current fiscal year to increase between 3% and 5% and operating earnings margin between 18% and 19%. 

The software service provider also declared a cash dividend of $12 per share. 

Avenue Supermarts increased 0.7% to ₹4,981.15 after the grocery retailer reported June quarterly results that met investor expectations. 

Revenue rose 18.5% to 18.6% to ₹14,069 crore, and net income advanced 17.5% to ₹774 crore from a year earlier. 

Plastiblends India increased 3.4% to ₹326.35, and the manufacturing company reported better-than-expected quarterly results in the March quarter. 

Revenue increased 8.1% to ₹211.6 crore, and net income surged 42% to ₹10.8 crore from a year earlier. 

Bhansali Engineering Polymers decreased 1.4% to ₹141.83, and the plastic products maker reported higher-than-expected revenue and earnings in the June quarter. 

Revenue increased 15% to ₹340 crore, and net income advanced 5.6% to ₹53.4 crore from a year earlier. 

Geojit Financial Services advanced 5% to ₹110.80, and the company reported a surge in net income and revenue in the June quarter. 

Consolidated revenue soared 56% to ₹181.2 crore, and net income jumped 107.5% to ₹45.8 crore from a year earlier.