India Movers: Adani Total Gas, Adani Wilmar, Canara Bank, Coal India, Emami, Federal Bank, Tata Steel, Union Bank

Arun Goswami
28 Jan, 2025
Mumbai

The Sensex and Nifty indexes advanced in early trading after extending losses in three previous weeks amid mixed corporate results. 

Coal India, Emami, Canara Bank, Union Bank, and Federal Bank were in focus after releasing their quarterly results. 

The Sensex index increased by 0.4% to 75,667.28, and the Nifty index increased by 0.2% to 22,881.80.

On the Mumbai stock exchange, 14 stocks traded at their 52-week highs, and 270 stocks traded at their 52-week lows.

Coal India declined 1.7% to ₹369.35 after the mining company reported a 17% decline in earnings in the December quarter following lower coal prices. 

Consolidated revenue in the December quarter decreased to ₹37,923 crore from ₹38,357.2 crore, net income declined to ₹8,491.2 crore from ₹10,291.7 crore, and diluted earnings per share fell to ₹13.80 from ₹16.64 a year ago.

Union Bank of India rose 3.4% to ₹109.25 after the financial services company reported a 38% jump in consolidated profit from a year ago. 

Consolidated revenue in the December quarter advanced to ₹27,111.8 crore from ₹25,520.9 crore, net income jumped to ₹4,623 crore from ₹3,625.4 crore, and diluted earnings per share rose to ₹6.03 from ₹4.84 a year ago.

Canara Bank dropped 0.9% to ₹91.45 after the financial service company reported a 12% increase in profit, driven in part by a boost in non-interest income. 

Consolidated revenue in the December quarter increased to ₹37,429.9 crore from ₹35,630.2 crore, after-tax profit rose to ₹4,161 crore from ₹3,738.3 crore, and diluted earnings per share dropped to ₹4.65 from ₹20.89 a year ago.

Earnings per share would be ₹23.25 and ₹68.75 without considering stock split for the quarter and nine months ending in December respectively and ₹23.10 for the quarter ending in September.  

Federal Bank dropped 5.4% to ₹180.80 after the financial service company reported a marginal decline in the December quarter profit. 

Emami Limited increased 1.3% to ₹541.80 after the personal care and healthcare company reported a 7% increase in the fiscal third quarter ending in December. 

Consolidated revenue in the December quarter increased to ₹1,064.4 crore from ₹1,013 crore, after-tax profit rose to ₹279 crore from ₹260.7 crore, and diluted earnings per share jumped to ₹6.39 from ₹5.92 a year ago.

Indraprastha Gas Limited dropped 5% to ₹370.80 after the natural gas distribution company reported December quarter earnings that fell short of market expectations. 

Tata Steel Ltd. increased 0.8% to ₹127.35 despite the company reporting a decline in revenue and earnings in the fiscal third quarter.

Consolidated revenue in the December quarter decreased to ₹53,869.3 crore from ₹55,539.8 crore, net income dropped to ₹295.5 crore from ₹522.1 crore, and diluted earnings per share fell to 26 paisa from 42 paisa a year ago.

Adani Total Gas Ltd. plunged 3.5% to ₹619.55 after the company reported a decline in profit in the December quarter.

Consolidated revenue in the December quarter advanced to ₹1,407.8 crore from ₹1,256.4 crore, after-tax profit fell to ₹142.4 crore from ₹176.6 crore, and diluted earnings per share dropped to ₹1.29 from ₹1.61 a year ago. 

Consolidated revenue in the December quarter declined to ₹4,195 crore from ₹6,993.5 crore, net income fell to ₹944.7 crore from ₹1,063.2crore, and diluted earnings per share decreased to ₹3.81 from ₹4.22 a year ago.

Indian Oil Corporation Limited advanced 0.7% to ₹125.10 despite the company reporting a 78% declined from a year ago in the December quarter in net income.

Consolidated revenue in the December quarter decreased to ₹2,20,543.9 crore from ₹2,28,160.3 crore, after-tax profit dropped to ₹2,047.35 crore from ₹9,220.85 crore, and diluted earnings per share fell t ₹1.54 from ₹6.56 a year ago

Adani Wilmar Limited decreased 0.1% to ₹261.80 despite the company reporting a sharp increase in revenue and earnings in the December quarter. 

Consolidated revenue in the December quarter increased to ₹16,926 crore from ₹12,887.21 crore, net income jumped to ₹410.9 crore from ₹200.9 crore, and diluted earnings per share rose to ₹3.16 from ₹1.55 a year ago.