India Movers: HDFC Asset Management, Hathway Cable & Datacom, Network18, Shoppers Stop

Arun Goswami
15 Jan, 2025
Mumbai

Benchmark indexes traded higher ahead of the pickup in the release of quarterly results. 

Consumer price inflation eased to a four-month low, but the wholesale price inflation accelerated in December. 

The Sensex index increased by 0.3% to 76,703.71, and the Nifty index advanced by 0.2% to 23,219.30.

On the Mumbai stock exchange, 36 stocks traded at their 52-week highs, and 50 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched lower to 6.88%, and the Indian rupee traded around a record low of 86.53 against the U.S. dollar.

HDFC Asset Management Company Ltd. jumped 0.72% to ₹3,863.70 after the company reported fiscal third quarter results.

Consolidated revenue in the December quarter increased to ₹1,027.72 crore from ₹814.18 crore, after-tax profit rose to ₹641.36 crore from ₹487.92 crore, and diluted earnings per share jumped to ₹29.90 from ₹22.82 a year ago.

Network18 Media & Investments Ltd. increased 2.6% to ₹61.49 after the company reported December quarter results.

Consolidated revenue in the December quarter decreased to ₹1,442.55 crore from ₹1,930.38 crore, after-tax losses expanded to ₹1,399.91 crore from ₹102.31 crore, and diluted losses per share expanded to 6 paisa from 39 paisa a year ago.

Shoppers Stop Ltd. increased 2.5% to ₹620.85 after the company said profit soared 42% in the fiscal third quarter. 

Consolidated revenue in the December quarter increased to ₹1,402.0 crore from ₹1,240.9 crore, net income jumped to ₹52.2 crore from ₹36.9 crore, and diluted earnings per share rose to ₹4.72 from ₹3.33 a year ago.

Hathway Cable & Datacom Ltd. increased 4.9% to ₹15.26 after the company reported December quarter results.

Consolidated revenue in the December quarter decreased to ₹532.1 crore from ₹535.3 crore, after-tax profit fell to ₹13.5 crore from ₹22.4 crore, and diluted earnings per share dropped to 8 paisa from 13 paise a year ago.

Anand Rathi Wealth Ltd. declined 0.86% to ₹ 3978.9 after the company reported December quarter results.

Consolidated revenue in the fiscal third quarter increased to ₹244.20 crore from ₹187.26 crore, net income rose to ₹77.30 crore from ₹58.04 crore, and diluted earnings per share increased to ₹18.58 from ₹13.87 a year ago.

Marathon Nextgen Realty Ltd. decreased 1.1% to ₹611.30 after the company reported a decline in revenue in the December quarter.

Consolidated revenue in the fiscal third quarter declined to ₹61.28 crore from ₹123.41 crore, net income rose to ₹34.84 crore from ₹28.58 crore, and diluted earnings per share increased to ₹6.80 from ₹5.82 a year ago.