India Movers: Axis Bank, Hasun Agro, Infosys, Mastek, Metro Brands, Reliance Industries, Shemaroo Entertainment, Spencer's Retail

Arun Goswami
17 Jan, 2025
Mumbai

Benchmark indexes struggled to advance after three consecutive days of gains, and investors reviewed the latest batch of mixed earnings. 

The rupee hovered near record lows amid a resurgent dollar, and bond yields eased as investors lowered economic growth outlook.  

The Sensex index decreased by 0.4% to 77,042.82, and the Nifty index fell by 0.4% to 23,222.50.

On the Mumbai stock exchange, 33 stocks traded at their 52-week highs, and 33 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched higher to 6.80%, and the Indian rupee traded around a record edge of 86.58 against the U.S. dollar.

Mastek Ltd. jumped 1.4% to ₹ 2,741.15 after the company reported fiscal third quarter results.

Consolidated revenue in the December quarter increased to ₹879 crore from ₹787.64 crore, after-tax profit rose to ₹94.71 crore from ₹77.74 crore, and diluted earnings per share jumped to ₹30.35 from ₹24.29 a year ago

Reliance Industries Ltd. increased 1.3% to ₹1,268.70 after the company reported December quarter results.

Consolidated revenue in the December quarter increased to ₹2,48,079 crore from ₹2,31,839 crore, after-tax profit rose to ₹21,804 crore from ₹19,488 crore, and diluted earnings per share advanced to ₹13.70 from ₹12.76 a year ago.

Spencer's Retail Ltd. declined 0.5% to ₹85.43 and the retailer said quarterly loss narrowed.

Consolidated revenue in the fiscal third quarter decreased to ₹520 crore from ₹660.3 crore, after-tax losses declined to ₹47.3 crore from ₹51.2 crore, and diluted loss per share shrank to ₹5.26 from ₹5.69 a year ago.

Axis Bank Ltd. decreased 5.4% to ₹984.55 after the company reported December quarter results.

Consolidated revenue in the fiscal third quarter advanced to ₹38,959.2 crore from ₹35,136.8 crore, net income rose to ₹6,763.1 crore from ₹6,493.4 crore, and diluted earnings per share increased to ₹21.65 from ₹20.93 a year ago.

Shemaroo Entertainment Limited increased 1.1% to ₹154.15 after the company reported December quarter results.

Consolidated revenue in the December quarter increased to ₹167.33 crore from ₹158.13 crore, after-tax losses expanded to ₹36.52 crore from ₹30.43 crore, and diluted losses per share expanded to ₹13.30 from ₹11.02 a year ago.

Havells India Ltd. decreased 0.2% to ₹ 1,560.75 after the company reported December quarter.

Consolidated revenue in the fiscal third quarter increased to ₹4,953.31 crore from ₹4,469.75 crore, after-tax losses declined to ₹277.96 crore from ₹287.91 crore, and diluted earnings per share decreased to ₹4.43 from ₹4.59 a year ago.

Metro Brands Limited. decreased 1.3% to ₹1204.05 after the company reported a decline in earnings in the December quarter. 

Consolidated revenue in the December quarter increased to ₹726.29 crore from ₹651.45 crore, after-tax profit fell to ₹94.39 crore from ₹98.06 crore, and diluted earnings per share dropped to ₹3.46 from ₹3.58 a year ago.

Kesoram Industries Ltd. declined 0.1% to ₹204.55 after the company reported higher losses in the December quarter.

Consolidated revenue in the fiscal third quarter decreased to ₹66.43 crore from ₹74.75 crore, after-tax losses expanded to ₹69.17 crore from ₹49.18 crore, and diluted earnings per share increased to 59 paisa from 44 paisa a year ago

Hatsun Agro Product Ltd. decreased 4% to ₹1,000 after the company reported a decline in net income in the December quarter.

Consolidated revenue in the fiscal third quarter increased to ₹2,012 crore from ₹1,891.56 crore, net income dropped to ₹40.94 crore from ₹57.40 crore, and diluted earnings per share declined to ₹1.84 from ₹2.58 a year ago.

Bhansali Engineering Polymers Ltd. declined 1.2% to ₹123.75 after the company reported flat earnings in the December quarter.

Consolidated revenue in the December quarter increased to ₹352.57 crore from ₹301.34 crore, net income rose to ₹40.83 crore from ₹40.22 crore, and diluted earnings per share edged higher to ₹1.64 from ₹1.62 a year ago.