India Movers: Adani Enterprises, Adani Ports, Bajaj Finserv, Bank of Baroda, Biocon, Dabur, GAIL, Geojit Financial, Kalyan Jewellers, L&T

Arun Goswami
31 Jan, 2025
Mumbai

The Sensex and the Nifty indexes extended gains for the fourth session in a row. Benchmark indexes advance 1.5% after closing down in the previous three consecutive weeks.

The Sensex index increased by 0.4% to 77,081.03, and the Nifty index advanced by 0.5% to 23,375.80.

On the Mumbai stock exchange, 47 stocks traded at their 52-week highs, and 56 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 traded at a record of 86.64 against the U.S. dollar.

Kalyan Jewellers India Ltd. increased 8% to ₹475.85, and the company reported a sharp jump in revenue and earnings in the December quarter.

Consolidated revenue in the December quarter increased to ₹7,318.2 crore from ₹5,243.2 crore, after-tax profit rose to ₹218.7 crore from ₹182.4 crore, and diluted earnings per share advanced to ₹2.12 from ₹1.75 a year ago.

Geojit Financial Services Ltd. decreased 6% to ₹86.70 after the company reported a decline in net income in the December quarter.

Consolidated revenue in the December quarter increased to ₹172.1 crore from ₹153.9 crore, net income dropped to ₹370.4 crore from ₹379.1 crore, and diluted earnings per share fell to ₹1.30 from ₹1.39 a year ago.

Adani Ports and Special Economic Zone Ltd. increased 1.1% to ₹1,088.65, and the company reported a 12% increase in revenue in the December quarter.

Consolidated revenue in the December quarter increased to ₹8,186.90 crore from ₹7,426.95 crore, after-tax profit rose to ₹2,518.39 crore from ₹2,208.21 crore, and diluted earnings per share jumped to ₹11.67 from ₹10.22 a year ago.

Adani Enterprises Ltd. fell 0.05% to ₹2,251, and the company reported an 88% plunge in quarterly profit from a year ago.

Consolidated revenue in the December quarter decreased to ₹23,500.54 crore from ₹25,540.35 crore, net income plunged to ₹228.64 crore from ₹1,972.75 crore, and diluted earnings per share fell to 4 paisa from ₹16.10 a year ago.

Gail (India) Ltd. advanced 3.3% to ₹172.50 after the company reported a 28% increase in net income in the fiscal third quarter ending in December.

Consolidated revenue in the December quarter increased to ₹37,315.11 crore from ₹35,181.78 crore, after-tax profit rose to ₹4,084.24 crore from ₹3,193.34 crore, and diluted earnings per share jumped to ₹6.21 from ₹4.86 a year ago.

Tata Consumer Products Ltd. increased 3.2% to ₹998.50, and the company reported a marginal decline in the December quarter profit.

Consolidated revenue in the December quarter increased to ₹4,495.16 crore from ₹3,863.51 crore, net income fell to ₹299.8 crore from ₹315.53 crore, and diluted earnings per share dropped to ₹2.82 from ₹2.97 a year ago.

Dabur India Ltd. decreased 0.6% to ₹530.30, and the company reported an increase in revenue and earnings in the December quarter.

Consolidated revenue in the December quarter increased to ₹3,483.3 crore from ₹3,382.4 crore, after-tax profit rose to ₹515.8 crore from ₹506.4 crore, and diluted earnings per share advanced to ₹2.94 from ₹2.90 a year ago.

Biocon Ltd. rose 1.6% to ₹362.95 despite the company reporting an 89% plunge in consolidated profit in the December quarter.

Consolidated revenue in the December quarter declined to ₹38,562 crore from ₹45,192 crore, net income dropped to ₹81.1 crore from ₹753.3 crore, and diluted earnings per share fell to 21 paisa from ₹5.51 a year ago.

Bank of Baroda decreased 4.3% to ₹212.90 despite the company saying profit soared 9% in the fiscal third quarter.

Consolidated revenue in the December quarter increased to ₹37,732.5 crore from ₹35,084 crore, after-tax profit rose to ₹5,213.7 crore from ₹4,788.5 crore, and diluted earnings per share jumped to ₹10.08 from ₹9.26 a year ago.

Bajaj Finserv advanced 0.4% to ₹1,752.25 after the company reported a rise in revenue and net income in the December quarter.

Consolidated revenue in the December quarter advanced to ₹32,041.8 crore from ₹29,038.4 crore, net income increased to ₹2,231 crore from ₹2,157.7 crore, and diluted earnings per share rose to ₹13.9 from ₹13.4 a year ago.

Larsen & Toubro Ltd. soared 4% to ₹3,569.80 after the company reported a 17% increase in revenue in the fiscal third quarter ending in December. 

Consolidated revenue in the December quarter increased to ₹65,635.7 crore from ₹55,965.6 crore, after-tax profit rose to ₹4,001.03 crore from ₹3,594.51 crore, and diluted earnings per share advanced to ₹24.41 from ₹21.42 a year ago.