India Movers: Arvind, Bajaj Auto, Cipla, Colgate-Palmolive, Hindustan Zinc, Hyundai Motor, Suzlon Energy, TVS Motor

Arun Goswami
29 Jan, 2025
Mumbai

The Sensex and Nifty indexes trimmed weekly losses, and investors bid up vehicle makers Bajaj Auto and TVS Motor, which reported better-than-expected quarterly results.

The Sensex index increased by 0.3% to 76,143.02, and the Nifty index advanced by 0.3% to 23,031.10.

On the Mumbai stock exchange, 10 stocks traded at their 52-week highs, and 93 stocks traded at their 52-week lows.

The yield on the 10-year Indian government bonds inched lower to 6.7%, and the Indian rupee hovered near a record and traded at 86.58 against the U.S. dollar.

Bajaj Auto increased 2.6% to ₹8,614.40 after the 2- and 3-wheeler maker reported better-than-expected earnings in the December quarter. 

The company said its electric vehicle turned profitable, following the sustained demand. 

Consolidated revenue in the December quarter increased to ₹13,516.41 crore from ₹12,521 crore, net income rose to ₹2,195.65 crore from ₹2,032.62 crore, and diluted earnings per share jumped to ₹78.7 from ₹71.9 a year ago.

TVS Motor Company gained 7% to ₹2,501.0 after the two-wheeler vehicle maker reported better-than-expected December quarter results.

Consolidated revenue in the December quarter increased to ₹11,199.7 crore from ₹10,125.8 crore, after-tax profit rose to ₹609.35 crore from ₹509.61 crore, and diluted earnings per share advanced to ₹11.91 from ₹10.08 a year ago.

Hyundai Motor decreased 0.1% to ₹1,622.85 after the passenger carmaker reported a 19% decline in profit in the December quarter. 

Consolidated revenue in the December quarter decreased to ₹16,892.4 crore from ₹17,243.5 crore, after-tax profit fell to ₹1,160.7 crore from ₹1,425.2 crore, and diluted earnings per share declined to ₹14.29 from ₹17.54 a year ago.

Hindustan Zinc Ltd. advanced 1% to ₹433.55 after the mining company reported a 32% rise in net income in the latest quarter. 

Consolidated revenue in the December quarter increased to ₹8,832 crore from ₹7,606 crore, net income jumped to ₹2,678 crore from ₹2,028 crore, and diluted earnings per share rose to ₹6.34 from ₹4.80 a year ago.

Cipla Ltd. inched up 0.3% to ₹1,425.60 after the generic pharmaceutical company reported nearly a 49% jump in profit in the December quarter. 

Consolidated revenue in the December quarter increased to ₹7,073 crore from ₹6,603.8 crore, after-tax profit advanced to ₹1,574.6 crore from ₹1,068.4 crore, and diluted earnings per share jumped to ₹19.43 from ₹13.07 a year ago.

Suzlon Energy Ltd. scored 5% to ₹52.76 despite the company reporting a 91% jump in consolidated profit from a year ago. 

Consolidated revenue in the December quarter increased to ₹3,002.4 crore from ₹1,569.7 crore, net income jumped to ₹387.8 crore from ₹203 crore, and diluted earnings per share rose to 28 paisa from 15 paisa a year ago.

Colgate Palmolive (India) Ltd. decreased 0.7% to ₹2,659.65, and the company reported a 5% rise in revenue and a 2% decline in net income in the December quarter.

Consolidated revenue in the December quarter increased to ₹1,482.2 crore from ₹1,413.5 crore; after-tax profit declined to ₹322.8 crore from ₹330.1 crore, and diluted earnings per share fell to ₹11.87 from ₹12.14 a year ago.

Arvind Ltd. increased 2% to ₹334, and the company reported a 13% increase in the fiscal third quarter ending in December. 

Consolidated revenue in the December quarter increased to ₹2,099.7 crore from ₹1,897.6 crore, net income jumped to ₹106.2 crore from ₹94.3 crore, and diluted earnings per share rose to ₹3.95 from ₹3.50 a year ago.