India Movers: Apollo Hospital, Blue Star, Kansai Nerolac, Power Grid, Sonata Software

Arun Goswami
07 Nov, 2024
Mumbai

Stocks in Mumbai traded down and extended weekly losses after the latest batch of earnings fell short of market expectations. 

The rupee traded at a new record low after the U.S. dollar rebounded following the results of the latest presidential and congressional elections.

The Sensex index decreased by 1.0% to 79,592.61, and the Nifty index dropped by 1.0% to 24,237.80. 

On the Mumbai stock exchange, 134 stocks traded at their 52-week highs, and 10 stocks traded at their 52-week lows.

Apollo Hospital increased 6.5% to ₹7,421.0 after the company reported quarterly results. 

Revenue in the September quarter increased to ₹5,590 crore from ₹4,850 crore, and net income advanced to ₹380 crore from ₹233 crore a year ago.

Kansai Nerolac Paints declined 2.1% to ₹279.65 after the company reported a decline in quarterly profit. 

Revenue in the September quarter increased to ₹1,860 crore from ₹1,845 crore and net income declined to ₹130 crore from ₹180 crore a year ago. 

Power Grid Corporation declined 1.3% to ₹314.30 after the power distribution company reported a decline in revenue and earnings in the September quarter. 

Revenue in the September quarter decreased to ₹10,260 crore from ₹10,400 crore and net income declined to ₹3,700 crore from ₹3,800 crore a year ago. 

The company declared an interim dividend of ₹4.50 per share. 

Blue Star Ltd. declined 7.60% to ₹1,739.95 after the company reported weaker-than-expected revenue in the September quarter. 

Revenue increased to ₹2,280 crore from ₹1,890 crore, and net income advanced to ₹96.2 crore from ₹70.7 crore a year ago. 

Sonata Software declined 1.3% to ₹623.75 after the company reported a decline in profit in the September quarter. 

Revenue increased to ₹2,170 crore from ₹1,913 crore, and net income declined ₹110 crore from ₹124 crore a year ago, respectively.