India Movers: BLS International, ONGC, Deepak Nitrite, Schneider Electric, Tata Chemicals, V-Mart

Arun Goswami
06 Aug, 2024
Mumbai

India indexes rebounded, tracking a rise in Asian markets, and investors focused on the latest batch of mixed quarterly results. 

The Sensex index decreased by 0.8% to 79,815.89, and the Nifty index fell by 0.8% to 24,121.15. 

On the Mumbai stock exchange, 110 stocks traded at their 52-week highs, and 19 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched lower to 6.85%, and the Indian rupee edged lower to ₹83.85 against the U.S. dollar.

ONGC increased 1.9% to ₹316.05, and the oil explorer reported a decline in profit in the June quarter.

Revenue increased 1.8% to 35,266.4 crore, and net income decreased 9.4% to 8,938.1 crore from a year ago, respectively.

Deepak Nitrite advanced 2.2% to ₹3,017.50 after the chemical maker reported a jump in revenue and earnings in the June quarter. 

Revenue increased by 22.5% to 2,166.8 crore, and net income rose by 35.1% to 202.5 crore a year ago, respectively. 

BLS International gained 4.3% to ₹365.0, and the visa services processing company reported a rise in revenue and earnings in the June quarter. 

Revenue increased 28.5% to ₹492.7 crore and net income soared 70% to ₹120.8 crore from a year ago, respectively. 

V-Mart Retail jumped 10.3% to ₹3,616.65, and the hypermarkets operator swung to a profit in the June quarter. 

Revenue increased 15.9% to ₹786 crore, and net income swung to a profit of ₹12.1 crore compared to a loss in the quarter a year ago, respectively. 

Schneider Electric Infrastructure advanced 7.7% to ₹807.30 after the power grid equipment and system maker reported a double-digit increase in revenue and earnings in the June quarter.

Revenue soared 19.7% to 592.9 crore, and net income advanced 38.8% to 48.5 crore from the corresponding month a year earlier. 

Tata Chemicals increased 1.8% to ₹1,072.30, and the chemical and crop protection maker reported a decline in profit and earnings in the June quarter. 

Revenue decreased 10.2% to 3,789 crore, and net income plunged 67.6% to 190 crore from a year ago, respectively.