India Movers: Bajaj Auto, Coal India, Hero Motocorp, Mahindra & Mahindra, NMDC, VST Industries, V.S.T. Tillers

Arun Goswami
04 Nov, 2024
Mumbai

Market indexes in Mumbai fell more than 1%, and the rupee held firm near its record low. 

Motorcycle and passenger car sales in October fell short of market expectations. 

The Sensex index decreased by 1.4% to 78,608.02, and the Nifty index fell by 1.5% to 23,934.30. 

On the Mumbai stock exchange, 107 stocks traded at their 52-week highs, and 27 stocks traded at their 52-week lows.

VST Tillers & Tractors decreased 0.5% to ₹4,595.95, and agriculture equipment company reported a rise in tractor and power equipment sales. 

Tractor sales in October increased to 680 units from 289 units, and power tiller sales jumped to 1,783 units from 1,220 units a year ago. 

Vehicle makers reported mixed sales in October as buyers searched for bargains in rural areas. 

TVS Motor decreased 2.5% to ₹2,445.50, Eicher Motors dropped 1.5% to ₹4,882.0, Bajaj Auto declined 4.3% to ₹9,456.30, and Hero Motocorp eased 4% to ₹4,821.05. 

Tata Motors decreased 2.4% to ₹823.35, Mahindra & Mahindra rose 1.4% to ₹2,858.05, and Hyundai Motor India fell 1% to ₹1,813.95. 

TVS Motor sales increased 4.89 lakh from 4.34 lakh units, Eicher Motors sales advanced to 1.1 lakh from 84,435 units, Tata Motors sales decreased to 82,682 from 82,954 units, Maruti Suzuki sales increased to 2.06 lakh from 1.99 lakh, and Hyundai Motors sales advanced to 78,078 from 68,700 units from a year ago, respectively. 

VST Industries dropped 3.4% to ₹336.25 after the cigarette and tobacco product company reported a sharp decline in profit. 

Revenue in the September quarter decreased to ₹469.1 crore from ₹481.5 crore, net income fell to ₹47.7 crore from ₹75.4 crore, and diluted earnings per share to ₹2.80 from ₹4.47 a year ago.  

Coal India declined 3.6% to ₹437.70 and the mining company trades ex-dividend tomorrow. 

The coal mining company said coal production in October increased 2.3% to 61.1 million tons and sales eased 0.5% to 61.7  million tons,  from a year ago, respectively. 

Sales in the seven months to October in the current fiscal year increased 1.5% to 428.5 million tons and production rose 2.5% to 403.8 million tons. 

NMDC jumped 0.4% to ₹223.64 after the iron ore mining company reported rising sales and production in October. 

Sales increased to 4.03 million tons from 3.44 million tons, and production advanced to 4.07 million tons from 3.92 million tons, a year earlier, respectively.