India Movers: Arkade Developers, ICICI Securities, Info Edge, Macrotech Developers, NESCO

Arun Goswami
07 Jan, 2025
Mumbai

Stock market indexes rebounded from the sharp losses in the previous session after the HMPV scare dampened market sentiment. The rupee traded at a new record low for the tenth session in a row. 

The Sensex index increased by 0.6% to 78,409.64, and the Nifty index rose by 0.6% to 23,767.30. 

On the Mumbai stock exchange, 47 stocks traded at their 52-week highs, and 55 stocks traded at their 52-week lows.

Macrotech Developers Ltd. rose 0.7% to ₹1,356.0, and the residential property developer reported record quarterly presales in the December quarter. 

Booking for new residential flats increased 32% from a year ago to ₹4,510 crore in the fiscal third quarter. 

ICICI Securities Ltd. increased 0.9% to ₹847.0, and the brokerage company settled for ₹40 lakh with the SEBI for the misuse of the stock trading system and failing to monitor staff for following the regulatory guidelines. 

Arkade Developers Ltd. increased 2.6% to ₹176.78 after the company said it signed deals to redevelop three residential projects in the western suburb region of Mumbai with a revenue potential of ₹2,150 crore. 

Info Edge India Ltd. decreased 2.9% to ₹8,555.0 after the parent company of Naukri.com reported higher revenue in the December quarter. 

Revenue in the fiscal third quarter increased 15.8% to ₹668.3 crore from ₹576.9 crore a year ago. 

Recruitment solution segment revenue advanced 15.2% to ₹494 crore from ₹428.9 crore a year ago. 

NESCO Ltd. increased 1.2% to ₹1,005.50, and the company was declared as the lowest bidder for developing and operating rest areas and facilities on a concession basis in the South Zone on the Bengaluru-Chennai Corridor Expressway Phase II.