India Movers: Angel One, Asian Hotels North, Hatsun Agro, HUL, Jio Financial, Tata Steel, Vedanta, Zee Entertainment

Arun Goswami
16 Jul, 2024
Mumbai

India indexes advanced as investors reacted to the latest batch of earnings. Wholesale price inflation accelerated in June from May amid sustained food price inflation.  

The Sensex index increased by 0.01% to 80,736.20, and the Nifty index rose by 0.1% to 24,614.85. 

On the Mumbai stock exchange, 111 stocks traded at their 52-week highs, and 9 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched higher to 6.97%, and the Indian rupee edged higher to ₹83.58 against the U.S. dollar.

Zee Entertainment gained 0.8% to ₹161.35, and the embattled media company's shareholders approved the company's plans to raise up to ₹2,000 crore through the sale of shares. 

Asian Hotels (North) Ltd. increased 5% to ₹170.33, and the company's chief executive and managing director, Amritesh Jatia, resigned effective July 15. 

Hatsun Agro Products jumped 6.7% to ₹1,267.0 after the dairy operator and a distributor reported a surge in revenue and earnings in the June quarter and declared a cash dividend of ₹6 per share. 

Revenue increased by 10.6% to ₹2,375 crore, and net income soared 63% to ₹130.5 crore from a year earlier, respectively. 

Angel One decreased 0.5% to ₹2,268.70 after the financial services company reported a double-digit increase in revenue and earnings in the June quarter. 

Revenue increased 74% to ₹1,406 crore, and net income soared 33% to ₹292.7 crore from a year earlier, respectively. 

Vedanta increased 0.6% to ₹462.0, and the company launched its secondary offering to raise with a floor price of ₹461.25 per share. 

Hindustan Unilever increased 0.8% to ₹2,641.0, and the company's board approved the sale of its Pureit, a water purification unit, to AO Smith India Water Products for 601 crore, or $72 million. 

Jio Financial Services declined 2.1% to ₹348.25, and the company reported weaker-than-expected June quarter results. 

Revenue edged slightly lower to 417.8 crore from 418.1 crore, and net income decreased 0.6% to 312.6 crore from 310.6 crore in the previous quarter, respectively. 

Tata Steel increased 0.9% to ₹168.36, and the company said its UK-based operation will continue with its plans to transition to a new electric arc furnace, despite resistance from the labor union.