India Movers: Bandhan Bank, Nestle India, ONGC, Pfizer, PNB, Sun Pharma, Relaxo Footwear, Vedanta

Arun Goswami
03 Feb, 2025
Mumbai

The Sensex and Nifty indexes dropped 1% after the U.S. started a new round of a trade war that will slow down global economic growth and push several nations on the brink of a recession. 

Market indexes in Japan and Korea plunged nearly 3%.

The Sensex index decreased by 0.9% to 76,825.15, and the Nifty index declined by 1% to 23,249.55.

On the Mumbai stock exchange, 46 stocks traded at their 52-week highs, and 73 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 87.17 against the U.S. dollar.

Resource industry-linked stocks led the decliners in Monday's trading after the rupee dropped to a new record low. 

ONGC dropped 3.7% to ₹248.10, Reliance Industries decreased 1.6% to ₹1,244.75, and Coal India plunged 3.7% to ₹371.0.

Software and business services exporters dropped between 1% and 3% on the worries that India will be included in the new round of tariffs that are likely to be announced over the next two months. 

TCS decreased 1% to ₹4,030.45, Infosys declined 0.4% to ₹1,844.55, Wipro gained 1.2% to ₹308.80, and HCL Technologies fell 1.4% to ₹1,682.40. 

Bandhan Bank Ltd. decreased 2.7% to ₹147.15 after the company reported a 42% plunge in quarterly profit from a year ago.

Consolidated revenue in the December quarter decreased to ₹6,574.6 crore from ₹5,210.6 crore, after-tax profit fell to ₹426.5 crore from ₹732.7 crore, and diluted earnings per share dropped to ₹2.65 from ₹4.55 a year ago.

Nestle India Ltd. increased 1.2% to ₹2,355.35 after the company reported a rise in revenue and net income in the December quarter.

Consolidated revenue in the December quarter increased to ₹4,784.1 crore from ₹4,630.7 crore, net income advanced to ₹688 crore from ₹655.6 crore, and diluted earnings per share rose to ₹7.14 from ₹6.80 a year ago.

Sun Pharmaceutical Industries Ltd. rose 0.1% to ₹1,745 after the company reported a rise in revenue and net income in the December quarter.

Consolidated revenue in the December quarter increased to ₹14,141 crore from ₹12,630.9 crore, after-tax profit rose to ₹2,917.5 crore from ₹2,568 crore, and diluted earnings per share jumped to ₹12.1 from ₹10.5 a year ago.

Vedanta Limited dropped 4.1% to ₹421.90 despite the company saying profit in the December quarter soared 70% from a year ago.

Consolidated revenue in the December quarter increased to ₹39,795 crore from ₹36,320 crore, net income jumped to ₹4,876 crore from ₹2,868 crore, and diluted earnings per share rose to ₹9.02 from ₹5.38 a year ago.

Oil And Natural Gas Corporation Ltd. decreased 4.2% to ₹246.50 after the company reported a decline in earnings in the December quarter.

Consolidated revenue in the December quarter declined to ₹1,68,507 crore from ₹1,71,113.1 crore, after-tax profit fell to ₹9,783.64 crore from ₹10,511.23 crore, and diluted earnings per share jumped to ₹6.85 from ₹8.51 a year ago.

Pfizer Ltd.  fell 3.4% to ₹4401.15 after the after the company reported a decline in quarterly profit.

Consolidated revenue in the December quarter increased to ₹580.75 crore from ₹575.82 crore, net income declined to ₹127.6 crore from ₹130 crore, and diluted earnings per share rose to ₹27.89 from ₹28.42 a year ago.

Punjab National Bank decreased 1.7% to ₹97.60 despite reporting a sharp increase in revenue and earnings. 

Consolidated revenue in the December quarter increased to ₹1,03,157.8 crore from ₹89,417.5 crore, after-tax profit rose to ₹12,796.8 crore from ₹5,228 crore, and diluted earnings per share jumped to ₹12.07 from ₹5.24 a year ago.

Relaxo Footwears Ltd. decreased 1.8% to ₹546.25 after the company reported a decline in quarterly revenue and earnings. 

Consolidated revenue in the December quarter decreased to ₹673.70 crore from ₹718.70 crore, net income fell to ₹33 crore from ₹39 crore, and diluted earnings per share declined to ₹1.32 from ₹1.54 a year ago.