India Movers: AU Small Finance, CARE Ratings, Fedbank, Hindustan Unilever, Pidilite, Piramal Enterprises

Arun Goswami
24 Oct, 2024
Mumbai

Stock market indexes lacked direction in Mumbai as investors reviewed another batch of quarterly results dominated by industrial companies and banks. 

The Sensex index decreased by 0.2% to 79,995.90, and the Nifty index fell by 0.2% to 24,376.40. 

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 6.82%, and the Indian rupee eased to 84.07 against the U.S. dollar.

Hindustan Unilever Ltd. declined 0.6% to ₹2,647.0 after the company reported its September quarter results. 

Consolidated revenue increased 1.9% from a year ago to ₹15,926 crore, and net profit fell 2.3% to ₹2.595 crore. 

The company also declared an interim dividend of ₹29 per share, and the company's board also approved the separation of its ice cream business. 

AU Small Finance Bank increased 2.6% to ₹669.05 after the company reported strong gains in its net interest income. 

Net interest income in the September quarter soared 58% to ₹1,974 crore, and net profit increased by 42% to ₹571 crore. 

Meanwhile, the gross non-performing asset ratio increased to 1.98% from 1.78% a year ago. 

Fedbank Financial Services increased 0.5% to ₹109.87 after the company reported a sharp jump in revenue and earnings in the September quarter. 

Consolidated total revenue in the fiscal second quarter increased 30.4% from a year ago to ₹519 crore, and net profit increased 11.8% to ₹65 crore. 

Piramal Enterprises declined 2.2% to ₹1,021.80, despite the financial service company reporting a three-fold jump in its after-tax profit. 

Consolidated revenue in fiscal second quarter increased 7.7% to ₹2,375 crore, and net income surged to ₹163 crore from ₹45.2 crore a year earlier. 

Pidilite Industries jumped 3.6% to ₹3,200.20 after the company reported a rise in revenue and earnings in the September quarter. 

Consolidated revenue in the fiscal second quarter increased 5% from a year ago to ₹3,234 crore, and net income advanced 18% to ₹540.30 crore. 

CARE Ratings soared 16.4% to ₹1,365.0 after the financial services company reported strong quarterly results. 

Consolidated revenue in the fiscal second quarter increased 42.3% to ₹129.2 crore from ₹107.6 crore, net income jumped to ₹46.1 crore from ₹35.2 crore, and diluted earnings per share advanced to ₹15.36 from ₹11.79 a year earlier.