India Movers: Adani Ports, Cipla, Deepak Fertilisers, HUDCO, Marico, Voltas

Arun Goswami
30 Oct, 2024
Mumbai

Market indexes on Dalal Street extended losses amid persistent selling by foreign investors following stretched valuations and elevated geopolitical uncertainties.  

The Sensex index decreased by 0.3% to 80,105.46, and the Nifty index fell by 0.3% to 24,401.45. 

On the Mumbai stock exchange, 21 stocks traded at their 52-week highs, and 16 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched higher to 6.85%, and the Indian rupee eased to 84.07 against the U.S. dollar.

Deepak Fertilisers & Petrochemicals increased 3% to ₹1,274.55 after the company reported sharply higher revenue and earnings in the September quarter. 

Consolidated operating revenue increased 12.7% to ₹2,753.6 crore, and net income soared threefold to ₹214.07 crore from a year ago, respectively. 

HUDCO declined 1.8% to ₹212.60 after the housing finance company reported a rise in revenue and earnings in the September quarter. 

Operating revenue increased to ₹2,526.1 crore from ₹1,880.9 crore, and net income advanced 52% to ₹688.6 crore from ₹452 crore a year ago, respectively. 

Adani Ports and SEZ Ltd. increased 0.9% to ₹1,381.50 after the company reported a sharp jump in consolidated profit in the September quarter. 

Operating revenue increased 6% to ₹7,067 crore from ₹6,646 crore, and net income rose 40% to ₹2,445.4 crore from ₹1,748 crore a year ago, respectively. 

Voltas Ltd. declined 4.7% to ₹1,656.25 after the air conditioning appliance and system maker reported a muted increase in net income in the September quarter. 

Consolidated operating revenue increased 14.2% to ₹2,619 crore from 2,292.7 crore, and net income soared 269% to ₹132,8 crore from ₹36 crore a year ago, respectively. 

The engineering company said a 56% volume growth in its residential room air conditioner business supported the revenue growth in the latest quarter. 

Cipla Ltd. declined 3.9% to ₹1,420.45 after the company reported a muted increase in its revenue and profit in the September quarter. 

Consolidated total operating revenue increased to ₹7.051 crore from ₹6,490 crore, and net income advanced to ₹1,303 crore from ₹1,115 crore a year earlier, respectively. 

Marico Ltd. increased 4.6% to ₹657.40 after the food product maker reported a rise in revenue and earnings in the September quarter. 

Consolidated total income increased to ₹2,746 crore from ₹2,514 crore, and net income advanced 20.3% to ₹433 crore from ₹360 crore a year ago, respectively. 

Domestic market growth was driven by "volume growth supplemented by price hikes in the coconut oil portfolio and favorable reversal in the pricing cycle in saffola oils," the company said in a statement filed with stock exchanges. 

Torrent Pharma declined 2.6% to ₹3,133.70 after the company reported weaker-than-expected earnings in its latest  quarter. 

The company's parent Torrent Investments Private Limited reportedly plans to sell 2.9% stake in the company for ₹3,200 crore.