India Movers: Dixon Technologies, KEI Industries, Oberoi Realty, PNB Housing, ICICI Prudential, UCO Bank, Tania Platforms

Arun Goswami
22 Jan, 2025
Mumbai

Benchmark indexes on Dalal Street rebounded as investors reviewed the latest batch of mixed corporate earnings. 

The Sensex index increased by 0.5% to 76,193.26, and the Nifty index advanced by 0.29% to 23,083.30.

On the Mumbai stock exchange, 100 stocks traded at their 52-week highs, and 65 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched lower to 6.78%, and the Indian rupee hovered near the record low and traded at 86.56 against the U.S. dollar.

Dixon Technologies (India) Ltd. decreased 13.8% to ₹15,132.95 despite the company reporting a sharp jump in profit in the fiscal third quarter.

Consolidated revenue in the December quarter increased to ₹10,460.2 crore from ₹4,820.6 crore, net income jumped to ₹216.2 crore from ₹97.1 crore, and diluted earnings per share rose to ₹35.64 from ₹16.21 a year ago.

Oberoi Realty Ltd. declined 7.2% to ₹1,856.8 despite the company reporting a surge in profit in the fiscal third quarter.

Consolidated revenue in the December quarter increased to ₹1,460.3 crore from ₹1,082.9 crore, net income jumped to ₹618.4 crore from ₹360.2 crore, and diluted earnings per share expanded to ₹17.01 from ₹9.91 a year ago.

PNB Housing Finance decreased 1.6% to ₹898.15 despite the company reporting a 43% increase in the fiscal third quarter results.

Consolidated revenue in the December quarter increased to ₹1,943.1 crore from ₹1,756 crore, after-tax profit rose to ₹483.3 crore from ₹338.4 crore, and diluted earnings per share jumped to ₹18.53 from ₹13 a year ago.

KEI Industries Ltd. increased 2.74% to ₹4,033.60 after the company reported fiscal third quarter results.

Consolidated revenue in the December quarter increased to ₹2,480.8 crore from ₹2,073.5 crore, net income jumped to ₹164.8 crore from ₹150.7 crore, and diluted earnings per share rose to ₹18.85 from ₹16.67 a year ago.

ICICI Prudential Life Insurance Company Ltd. declined 1% to ₹635.90 after the company reported mixed results in the December quarter.

Consolidated revenue in the December quarter decreased to ₹4,516.5 crore from ₹26,647.8 crore, after-tax profit expanded to ₹324.9 crore from ₹226.9 crore, and diluted earnings per share expanded to ₹2.25 from ₹1.58 a year ago.

UCO Bank decreased 1% to ₹44.07 despite the company reporting a sharp rise in revenue and earnings in the December quarter.

Consolidated revenue in the December quarter increased to ₹7,405.9 crore from ₹6,412.7 crore, net income jumped to ₹638.8 crore from ₹502.8 crore, and diluted earnings per share rose to 54 paisa from 42 paisa a year ago.

Stock faced selling pressure after the bank announced its plans to raise as much as ₹2,000 crore from institutional investors. 

Eimco Elecon (India) Ltd. plunged 10% to ₹1,883.85 after the company reported a decline in earnings and revenues in the December quarter.

Consolidated revenue in the December quarter decreased to ₹48.6 crore from ₹52.3 crore, after-tax profit declined to ₹6.19 crore from ₹7.54 crore, and diluted earnings per share fell to ₹10.73 from ₹13.08 a year ago.

Tanla Platforms Ltd. declined 6.5% to ₹619.70 after the company reported a decline in net income in the December quarter.

Consolidated revenue in the December quarter edged up to ₹1,009.82 crore from ₹1,007.6 crore; after-tax profit declined to ₹118.51 crore from ₹140.13 crore, and diluted earnings per share fell to ₹8.81 from ₹10.42 a year ago.