India Movers: Berger Paints, GAIL India, JK Tyres, Oil India, Sundram Fasteners

Arun Goswami
06 Nov, 2024
Mumbai

Dalal Street indexes rebounded as investors reviewed another batch of mixed quarterly results. 

The Sensex and Nifty indexes are still down 6% from the peak on September 16. 

The Sensex index increased by 0.7% to 80,032.28, and the Nifty index rose by 0.7% to 24,377.85. 

On the Mumbai stock exchange, 179 stocks traded at their 52-week highs, and 9 stocks traded at their 52-week lows.

JK Tyre & Industries declined 2.7% to ₹378.65 after the company reported a decline in revenue and profit in the September quarter. 

Revenue fell 7% to ₹3,622 crore, and net profit plunged 44% to ₹135 crore from a year ago, respectively. 

The company's quarterly results were negatively impacted by the rising rubber cost and falling sales. 

Gail India increased 5.5% to ₹207.20 after the natural gas company reported higher sales and earnings in the September quarter. 

Revenue from operations increased 2.8% to ₹33,981.3 crore, and net income advanced 10.2% to ₹2,693.5 crore from a year ago, respectively. 

Berger Paints India advanced 0.9% to ₹517.85 after the company reported fiscal second quarter results. 

Revenue in the September quarter increased 0.3% to ₹2,775 crore, and net income decreased 7.5% to ₹270 crore amid soft demand in the urban areas. 

Oil India jumped 3% to ₹510.65 after the company reported mixed quarterly results. 

Revenue in the September quarter decreased 7.7% to ₹8,135.9 crore, and net income soared nearly fourfold to ₹2,016.2 crore from a year ago, respectively. 

Sundram Fasteners decreased 0.6% to ₹1,341.70 after the company reported muted quarterly results in the September quarter. 

Revenue from operations in the fiscal second quarter increased 4.5% to ₹1,486 crore from ₹1,421.8 crore, net income increased 8% to ₹143.8 crore from ₹133.05 crore, and diluted earnings per share advanced to ₹6.78 from ₹6.28 a year ago. 

The company said strong export sales supported the rise in revenue in the quarter. 

The company declared a cash dividend of ₹3 per share payable on December 3 to shareholders on record on November 18.