India Movers: ABCL, Castrol India, Divis Labs, Gland Pharma, HFCL, Sky Gold, Kalyani Steel, Premier Energies

Arun Goswami
04 Feb, 2025
Mumbai

Stock market indexes in Mumbai advanced, and the rupee recovered some of the losses, and investors shifted their attention to the latest batch of corporate results. 

The Sensex index increased by 0.9% to 77,886.38, and the Nifty index advanced by 0.9% to 23,559.10. On the Mumbai stock exchange, 26 stocks traded at their 52-week highs, and 45 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 87.05 against the U.S. dollar.

Trent plunged 6% to ₹5,767.40 and extended losses in 2025 to 19% after investors worried about the stretched valuations.

Zomato declined 3.3% to ₹230.51, and the online app operator and the delivery service provider extended this year's losses to 16% amid a worry of slowing growth in consumer spending.

ITC Ltd. dropped 1% to ₹449.25, and the company was among the most actively traded stocks after the finance minister did not announce a new tax on cigarette sales.

 

Recent Earnings Releases 

Castrol India Ltd. jumped 8.3% to ₹191.30 after the lubricant maker reported a 7% increase in the fiscal third quarter ending in December.

Consolidated revenue in the December quarter increased to ₹1,377 crore from ₹1,286.3 crore, after-tax profit rose to ₹271.4 crore from ₹242 crore, and diluted earnings per share advanced to ₹2.74 from ₹2.45 a year ago.

Aditya Birla Capital Ltd. decreased 1.4% to ₹169.70 despite the asset management company reporting a 9% rise in revenue and a marginal decline in net income in the December quarter.

Consolidated revenue in the December quarter increased to ₹9,403.5 crore from ₹8,599 crore, net income fell to ₹724.4 crore from ₹753.7 crore, and diluted earnings per share dropped to ₹2.69 from ₹2.79 a year ago.

Gland Pharma Ltd. fell 3.7% to ₹1,464 despite the generic pharmaceutical maker reporting a 7% increase in net income in the December quarter.

Consolidated revenue in the December quarter decreased to ₹1,442.5 crore from ₹1,582.5 crore, after-tax profit rose to ₹204.6 crore from ₹191.8 crore, and diluted earnings per share increased to ₹12.42 from ₹11.65 a year ago.

Divis Laboratories Ltd. increased 5.7% to ₹6,224.70 after the generic pharmaceutical maker reported a 65% jump in its earnings in the December quarter. 

Consolidated revenue in the December quarter increased to ₹2,401 crore from ₹1,950 crore, net income jumped to ₹589 crore from ₹358 crore, and diluted earnings per share rose to ₹22.20 from ₹13.50 a year ago.

HFCL Ltd. declined 1% to ₹100.55 after the maker of telecom equipment reported a 68% plunge in quarterly profit from a year ago.

Consolidated revenue in the December quarter increased to ₹1,079 crore from ₹3,308 crore, after-tax profit fell to ₹82.4 crore from ₹256.6 crore, and diluted earnings per share dropped to 58 paisa from ₹1.79 a year ago.

Sky Gold Ltd. gained 5% to ₹364.70 after the precious jewelry maker reported a four-fold increase in earnings in the December quarter. 

Consolidated revenue in the December quarter increased to ₹1,005.1 crore from ₹460.9 crore, net income jumped to ₹36.5 crore from ₹8.9 crore, and diluted earnings per share rose to ₹2.50 from 81 paise a year ago.

Kalyani Steels Ltd. advanced 2% to ₹821.50 despite the specialty steel company reporting a 66% drop in revenue in the December quarter.

Consolidated revenue in the December quarter decreased to ₹497.4 crore from ₹1,479.1 crore, after-tax profit fell to ₹56.4 crore from ₹67.3 crore, and diluted earnings per share dropped to ₹12.93 from ₹40.33 a year ago.

Premier Energies Ltd. increased 3% to ₹1,098.70 after the solar panel maker reported a six-fold increase in profit in the December quarter. 

Consolidated revenue in the December quarter increased to ₹1,749.3 crore from ₹714.7 crore, net income jumped to ₹255.2 crore from ₹43.2 crore, and diluted earnings per share rose to ₹5.66 from ₹1.03 a year ago.