India Movers: Central Bank, IDBI Bank, Indian Overseas Bank, Indostar Capital, IRFC, Paytm, Zomato

Arun Goswami
21 Jan, 2025
Mumbai

The Sensex and Nifty indexes extended recent declines ahead of the release of the Union Budget, worries linked to a possible rise in trade tensions with the U.S., and a persistent outflow of foreign funds.

The Sensex index advanced by 0.59% to 77,073.44, and the Nifty index increased by 0.61% to 23,344.75.

On the Mumbai stock exchange, 84 stocks traded at their 52-week highs, and 40 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched lower to 6.80%, and the Indian rupee traded hovered near a record low at 86.48 against the U.S. dollar.

One 97 Communications Limited decreased 0.2% to ₹897.80 after the company said revenue declined 32% in the fiscal third quarter. 

Consolidated revenue in the December quarter declined to ₹2,016.5 crore from ₹2,999.1 crore, after-tax losses shrank to ₹211.85 crore from ₹221.7 crore, and diluted losses per share fell to ₹3.27 from ₹3.46 a year ago.

IDBI Bank Ltd. increased 2.5% to ₹86.12 after the company said profit soared 30% in the fiscal third quarter.

Consolidated revenue in the December quarter increased to ₹8,564.92 crore from ₹7,554.54 crore, after-tax profit jumped to ₹1,908.27 crore from ₹1,458.18 crore, and diluted earnings per share expanded to ₹1.77 from ₹1.36 a year ago.

Zomato Ltd. decreased 3.1% to ₹240.95 after the company reported a 57% decline in net income in fiscal third quarter results.

Consolidated revenue in the December quarter increased to ₹5,657 crore from ₹3,507 crore, after-tax profit narrowed to ₹59 crore from ₹138 crore, and diluted earnings per share dropped to 6 paisa from 20 paise a year ago.

Multi Commodity Exchange of India Limited decreased 0.26% to ₹6,017.35 after the company reported a decline in revenue in the December quarter.

Consolidated revenue in the fiscal third quarter increased to ₹324.36 crore from ₹209.26 crore, net income swung to a profit of ₹160 crore from a loss of ₹5.35 crore, and diluted earnings per share swung to a profit of ₹31.38 from a loss of ₹1.05 a year ago.

Indian Overseas Bank increased 3.9% to ₹52.61 after the company reported December quarter results.

Consolidated revenue in the fiscal third quarter increased to ₹8,415.34 crore from ₹7,442.66 crore, net income rose to ₹875.27 crore from ₹724.14 crore, and diluted earnings per share increased to 46 paisa from 38 paisa a year ago.

Indian Railway Finance Corporation Ltd. increased 2.3% to ₹146.65 after the company reported a slight increase in revenue and earnings in the December quarter.

Consolidated revenue in the December quarter increased to ₹6,766.39 crore from ₹6,740.02 crore, after-tax profit rose to ₹1,630.66 crore from ₹1,598.93 crore, and diluted earnings per share advanced to ₹1.25 from ₹1.22 a year ago.

Central Bank of India increased 3.1% to ₹54.41 after the company reported December quarter results.

Consolidated revenue in the December quarter increased to ₹9,774.3 crore from ₹9,171.2 crore, after-tax profit rose to ₹963.4 crore from ₹734.5 crore, and diluted earnings per share jumped to ₹1.11 from 85 paise a year ago.

Indostar Capital Finance Ltd. increased 1.4% to ₹after the company reported December quarter results.

Consolidated revenue in the December quarter increased to ₹373.6 crore from ₹238.9 crore, after-tax profit jumped to ₹27.7 crore from ₹16.9 crore, and diluted earnings per share rose to 82 paisa from 76 paise a year ago.