India Movers: Movers: Avenue Supermarts, Equinox India, Just Dial, ICICI Prudential, PCBL Chemical, Waaree Energies

Arun Goswami
13 Jan, 2025
Mumbai

Stock market indexes in Mumbai headed lower, and the rupee sank to a new record low after bond yields in the U.S. and Europe advanced in Friday's trading.  

The Sensex index decreased by 0.9% to 76,725.95, and the Nifty index fell by 0.9% to 23,221.55.

On the Mumbai stock exchange, 53 stocks traded at their 52-week highs, and 296 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched lower to 6.81%, and the Indian rupee traded around a record low of 86.29 against the U.S. dollar.

Avenue Supermarts Ltd. decreased 2.4% to ₹3,589.40 after the parent company of D-Mart reported weaker-than-expected growth in the December quarter. 

Consolidated revenue increased to ₹15,972 crore from ₹13,572 crore, and net income advanced to ₹723 crore from ₹690 crore a year ago. 

ICICI Prudential Life Insurance Ltd. edged up 0.3% to ₹647.95 after the company reported December quarter results. 

The annualized premium equivalent increased 28% to ₹2,438 crore, and the new business premium jumped 57% to ₹644.2 crore from a year ago. 

Just Dial Ltd. declined 7.6% to ₹956.20 after the online directory and search listing provider reported December quarter results. 

Revenue increased to ₹285 crore from ₹265 crore, and net income advanced to ₹130 crore from ₹92 crore a year ago. 

Waaree Energies Ltd. gained 1.5% to ₹2,596.95, and the company said it plans to acquire Enel Green Power India for ₹792 crore.

PCBL Chemical Ltd. decreased 7.8% to ₹359.65 after the company reported December quarter results. 

Consolidated revenue increased to ₹2,010 crore from ₹1,660 crore, and net income fell to ₹93.1 crore from ₹150 crore a year ago. 

The company also declared an interim cash dividend of ₹5.50 per share. 

Equinox India Developments Ltd. increased 2.1% to ₹134.86 after the company swung to a profit in the December quarter. 

Consolidated revenue increased to ₹278 crore from ₹100 crore, and net income swung to a profit of ₹22.2 crore from a loss of ₹38.7 crore a year ago.