India Movers: Auriopro Solutions, Aurum Proptech, Bajaj Housing Finance, Balu Forge, City union Bank, E2E Networks, Supreme Petrochem, Union Bank

Arun Goswami
22 Oct, 2024
Mumbai

Market indexes in Mumbai lacked direction after investors reviewed the fresh batch of earnings. 

The Reserve Bank of India estimated GDP growth of 7.2% in the fiscal year 2025.

The Sensex index increased by 0.2% to 81,384.18, and the Nifty index rose by 0.3% to 24,842.30.

On the Mumbai stock exchange, 73 stocks traded at their 52-week highs, and 64 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched higher to 6.80%, and the Indian rupee eased to 84.05 against the U.S. dollar.

E2E Networks decreased 5% to ₹3,621.0 after the company reported fiscal second quarter results. 

Revenue increased to ₹47.55 crore from ₹21.6 crore and net income rose to ₹12.1 crore from ₹5.8 crore a year ago. 

Aurionpro Solutions edged up 0.1% to ₹1,723.60, and the payment processing company reported better-than-expected quarterly results. 

Consolidated revenue in the fiscal second quarter increased to ₹278 crore from ₹261 crore, and net income advanced to ₹45.1 crore from ₹43.4 crore a year ago. 

Balu Forge declined 2.6% to ₹822.0, and the engineering company reported a surge in revenue and earnings in the fiscal second quarter. 

Revenue soared 60.4% to ₹223 crore from ₹139 crore, and net income surged 109% ₹48 crore from ₹23 crore a year ago. 

Aurum Proptech decreased 2.7% to ₹189.90, and the technology services company said loss in the fiscal second quarter shrank. 

Revenue in the September quarter increased to ₹64 crore from ₹52.8 crore and net loss shrank to ₹95.5 crore from ₹201 crore a year ago. 

City Union Bank rose 8.9% to ₹164.0 after the financial service company reported quarterly results. 

Consolidated net interest income jumped 8% to ₹582 crore from ₹528 crore, and net profit rose 1.4% to ₹285 crore from ₹281 crore a year ago. 

Gross non-performing asset ratio improved to 3.54% from 3.88%, and net non-performing asset ratio shrank to 1.62% from 1.87%. 

Supreme Petrochem declined 3.8% to ₹758.40 after the company reported weaker-than-expected quarterly results. 

Revenue in the September quarter increased 17.7% to ₹758.40 and net income advanced 15.4% to ₹90 crore from ₹78 crore a year ago. 

Union Bank of India decreased 0.5% to ₹111.07 after the financial service company reported a decline in net interest income in the September quarter. 

Consolidated net interest income declined 0.9% to 9,047 crore from 9.126 crore, and net profit surged 34% to 4,720 crore from 3,511 crore a year ago. 

Gross non-performing asset ratio improved to 4.36% from 4.54%, and net non-performing asset ratio expanded to 0.98% from 0.9% a year ago. 

Bajaj Housing Finance rose 1.8% to ₹138.70 after the non-bank lending company reported a strong rise in revenue and earnings. 

Net interest income advanced 13% to ₹713 crore from ₹631 crore, and revenue from operations rose 26% to ₹2,410 crore from ₹1,911 crore a year ago. 

Consolidated net income increased 21% to 546 crore from 451 crore a year ago.