India Movers: Adani Green, Bajaj Finance, Indus Towers, Persistent Systems, Zensar Technologies, Zomato

Arun Goswami
23 Oct, 2024
Mumbai

Stocks in Mumbai struggled to advance amid persistent selling by foreign investors. 

Bajaj Finance, Persistent Systems, Adani Green, and Zomato reported rising revenue and earnings in the September quarter. 

The Sensex index increased by 0.2% to 80,404.32, and the Nifty index rose by 0.2% to 24,522.30. 

On the Mumbai stock exchange, 31 stocks traded at their 52-week highs, and 139 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched higher to 6.83%, and the Indian rupee eased to 84.07 against the U.S. dollar.

Zomato Ltd. decreased 4.2% to ₹245.70 despite the company reporting a surge in revenue and earnings in the September quarter. 

Consolidated revenue in the fiscal third quarter increased 68.5% from a year ago to ₹4,799 crore, and net income soared nearly fivefold to ₹176 crore. 

The food delivery company also announced its plans to raise as much as ₹8,500 crore through an institutional offering. 

Adani Green declined 2.5% to ₹1,644.80 after the company reported its quarterly results. 

Consolidated revenue in the fiscal third quarter increased 38% from a year ago to ₹3,055 crore, and net profit advanced 39% to ₹515 crore. 

Bajaj Finance increased 3.8% to ₹6,914.0, and the financial service company reported a rise in revenue and earnings in the September quarter. 

Revenue increased 27.7% from a year ago to ₹17,095 crore, and net income advanced 13% to ₹4,014 crore. 

Net interest income advanced 23% to ₹8,838 crore, and assets under management increased 29% to ₹3.73 lakh crore.

Indus Towers decreased 1.7% to ₹361.65 after the communication infrastructure company reported weak growth in revenue. 

Consolidated revenue in the September quarter increased 4.7% to ₹7,465 crore, and net income soared 71.8% to ₹2,223 crore. 

Persistent Systems advanced 6.9% to ₹5,509.75 after the company reported a sharp jump in revenue and earnings in the September quarter. 

Consolidated revenue increased 20.1% to ₹2,897.1 crore from ₹2,411.7 crore, and net income advanced 23% to ₹325 crore from ₹263.6 crore a year ago. 

The software services provider reported sequential revenue growth for the 18th quarter in a row. 

Zensar Technologies increased 0.2% to ₹657.65 after the company reported weak revenue growth in the September quarter. 

Consolidated revenue increased 1.6% to ₹1,308 crore, and net income decreased 1.3% to ₹156 crore.