India Movers: Apollo Tyres, Eicher Motors, NALCO, NBCC, Thomas Cook

Arun Goswami
15 Nov, 2024
Mumbai

Stock market indexes in India continued to struggle amid weak corporate results, sustained foreign fund outflow, and the worries of a resurgent inflation. 

The Sensex index closed down 0.2%, and the Nifty index declined 0.1% as investors reviewed the latest batch of mixed earnings and prepared for a three-day weekend. 

At Thursday's close, the Sensex index declined 0.2% to 77,580.31, and the Nifty index dropped 0.1% to 77,580.31. 

For the week, both benchmark indexes decreased 2.4% and extended losses for the second week in a row as foreign investors pulled $12 billion in September, outweighing the $4 billion inflows from retail domestic investors. 

NBCC India Ltd declined 0.3% to ₹89.90 despite the construction company reporting a rise in its profit in the fiscal second quarter.

Consolidated net income in the September quarter increased 53% to ₹125.1 crore from ₹81.9 crore a year ago. 

National Aluminium Company closed at ₹219.70, and the company reported a surge in net income in the September quarter. 

Consolidated net income surged more than five-fold to ₹1,045.9 crore from ₹187.4 crore a year ago, and the company's board approved an interim dividend of ₹4 per share. 

Vodafone Idea decreased 0.4% to ₹7.35 after the embattled mobile phone services provider reported another quarter of losses. 

Consolidated loss in the fiscal second quarter ending in September shrank to ₹7,175.9 crore from ₹8,737 crore a year ago but rose from ₹6,432 crore in the June quarter. 

Eicher Motors increased 6.5% to ₹4,890.95 after the vehicle maker reported record quarterly revenue in the September quarter. 

Revenue increased to 4,263 crore from 4,115 crore, and net income advanced 8.3% to 1,100 crore from 1,016 crore a year ago. 

Thomas Cook India Ltd increased 2.5% to ₹196.50 after the travel services provider reported a rise in the September quarter profit. 

Consolidated revenue in the quarter increased 8.7% to 2,003.8 crore, and net income soared 37.8% to 64.9 crore from a year ago, respectively. 

Apollo Tyres jumped 4.2% to ₹476.20 after the company reported better-than-expected results in the September quarter. 

Consolidated operating revenue increased to ₹6,437 crore from ₹6,280 crore, but net income declined 37% to ₹297 crore from ₹474 crore a year ago, respectively.