India Movers: Ambuja Cements, Adani Power, Bajaj Finance, Blue Dart Express, Indian Bank, Maruti Suzuki, Tata Motor, Voltas

Arjun Pandit
30 Jan, 2025
Mumbai

The Sensex and Nifty indexes advanced for the third consecutive day and erased weekly losses amid sustained buying from domestic investors.  

The Sensex index increased by 0.4% to 76,855.46, and the Nifty index increased by 0.5% to 23,290.70.

On the Mumbai stock exchange, 44 stocks traded at their 52-week highs, and 56 stocks traded at their 52-week lows.

Blue Dart Express Ltd. increased 0.4% to ₹6,431.65, and the company reported an 8% increase in revenue and a 9% decline in profit in the December quarter.

Consolidated revenue in the December quarter increased to ₹1,523.6 crore from ₹1,407.28 crore, after-tax profit declined to ₹81 crore from ₹88.9 crore, and diluted earnings per share dropped to ₹34.1 from ₹37.5 a year ago

Tata Motors Ltd. dropped 8.1% to ₹691.80, and the company reported a slight increase in revenue and a 22% decline in profit in the December quarter.

Consolidated revenue in the December quarter increased to ₹1,15,365 crore from ₹1,12,076 crore, net income fell to ₹5,578 crore from ₹7,145 crore, and diluted earnings per share decreased to ₹14.80 from ₹18.30 a year ago.

Maruti Suzuki India Ltd. increased 3% to ₹12,011.50 after the company reported an increase in revenue and earnings in the December quarter. 

Consolidated revenue in the December quarter increased to ₹39,822 crore from ₹34,509.2 crore, after-tax profit rose to ₹3,726.9 crore from ₹3,206.8 crore, and diluted earnings per share jumped to ₹118.54 from ₹102 a year ago.

Ambuja Cements Ltd. decreased 4% to ₹522.20 after the company reported a jump in net income but margins fell sharply in the December quarter. 

Consolidated revenue in the December quarter advanced to ₹10,680.8 crore from ₹8,322.5 crore, net income jumped to ₹2,620.1 crore from ₹1,090.7 crore, and diluted earnings per share rose to ₹8.59 from ₹3.87 a year ago.

Indian Bank increased 6% to ₹544.70, and the company reported a marginal increase in earnings in the fiscal third quarter.

Consolidated revenue in the December quarter increased to ₹2,397.4 crore from ₹2,112.8 crore, after-tax profit rose to ₹2,876.2 crore from ₹2,136.3 crore, and diluted earnings per share jumped to ₹21.60 from ₹17.46 a year ago.

Adani Power Ltd. decreased 0.4% to ₹520.50 despite the company reporting an increase in revenue and earnings in the fiscal third quarter. 

Consolidated revenue in the December quarter advanced to ₹14,833.4 crore from ₹13,355.7 crore, net income expanded to ₹2,940.1 crore from ₹2,738 crore, and diluted earnings per share rose to ₹7.67 from ₹6.61 a year ago.

Voltas Ltd. dropped 11.2% to ₹1,449.95 despite the company swinging to a profit from a year ago in the December quarter.

Consolidated revenue in the December quarter increased to ₹3,164.16 crore from ₹2,683.6 crore, net income swung to a profit of ₹130.76 crore from a loss of ₹27.60 crore, and diluted earnings per share jumped to ₹3.99 from loss of 92 paisa a year ago.

Bajaj Finance Limited increased 4.5% to ₹8110.15, and the company reported revenue in the December quarter rose 28% from a year ago.

Consolidated revenue in the December quarter increased to ₹18,058.3 crore from ₹14,167 crore, net income jumped to ₹4,308.19 crore from ₹3,639 crore, and diluted earnings per share rose to ₹68.47 from ₹59.20 a year ago.