India Movers: Asian Paints, Godrej Properties, Max Financial, Sterling Tools, Tata Power, Titan Company, Torrent Power, Whirlpool of India

Arun Goswami
05 Feb, 2025
Mumbai

Stock market indexes traded around the flatline, and investors awaited the rate decisions from the Reserve Bank of India later in the week. 

The Sensex index decreased by 0.2% to 78,427.48, and the Nifty index advanced by 0.04% to 23,748.90.

On the Mumbai stock exchange, 18 stocks traded at their 52-week highs, and 30 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 87.12 against the U.S. dollar.

Whirlpool of India decreased 2.8% to ₹1,118.0 despite the home appliance maker reporting a 57% jump in profit in the December quarter.

Consolidated revenue in the December quarter increased to ₹1,755.3 crore from ₹1,571.2 crore, after-tax profit rose to ₹44.5 crore from ₹29.9 crore, and diluted earnings per share jumped to ₹3.46 from ₹2.21 a year ago.

Titan Company Ltd. dropped 2.5% to ₹3,508.0 after the jewelry retailer reported a 26% rise in sales and a 1% decline in profit in the December quarter.

Consolidated revenue in the December quarter advanced to ₹17,868 crore from ₹14,300 crore, net income fell to ₹1,047 crore from ₹1,053 crore, and diluted earnings per share dropped to ₹11.80 from ₹11.91 a year ago.

Tata Power Company Ltd. rose 2% to ₹369.20 after the electric power company reported a 10% rise in profit in the December quarter.

Max Financial Services advanced 3.2% to ₹1,141.60 after the company's life insurance arm in partnership with Axis Bank planned to raise ₹1,300 crore through a bond offering.

Godrej Properties Ltd. plunged 1.2% to ₹2362 despite the residential real estate developer reporting a sharp jump in its earnings in the December quarter.

Consolidated revenue in the December quarter increased to ₹1,240 crore from ₹548.3 crore, after-tax profit jumped to ₹158.2 crore from ₹62.7 crore, and diluted earnings per share rose to ₹5.70 from ₹2.24 a year ago.

Bajaj Electricals Ltd. declined 1.5% to ₹719.70 after the electric consumer goods provider reported an 11% decline in net income in the December quarter.

Consolidated revenue in the December quarter increased to ₹1,302.5 crore from ₹1,271 crore, net income dropped to ₹33.4 crore from ₹37.4 crore, and diluted earnings per share fell to ₹2.89 from ₹3.24 a year ago.

Sterling Tools Ltd. dropped 3.6% to ₹454.40 despite the automotive fastener maker reporting a marginal rise in revenue in the December quarter.

Consolidated revenue in the December quarter advanced to ₹262.68 crore from ₹234 crore, after-tax profit was flat at ₹13.6 crore, and diluted earnings per share eased to ₹3.73 from ₹3.77 a year ago.

Torrent Power Ltd. increased 3.5% to ₹1,399.65 after the electric power plant company reported a 31% increase in net income in the December quarter.

Consolidated revenue in the December quarter increased to ₹6,671.2 crore from ₹6,419.7 crore, net income advanced to ₹489.3 crore from ₹374.1 crore, and diluted earnings per share rose to ₹9.76 from ₹7.49 a year ago.

PC Jeweller Ltd. jumped 5% to ₹15.71 after the specialty retailer swung to a profit in the December quarter.

Consolidated revenue in the December quarter surged sixteenfold to ₹683.4 crore from ₹43.4 crore, net income swung to a profit of ₹148 crore from a loss of ₹198 crore, and diluted earnings per share jumped to 16 paise from a loss of 43 paise a year ago.

Asian Paints Ltd. fell 4.2% to ₹2,257, and the paint maker reported a 24% plunge in the December quarter.

Consolidated revenue decreased to ₹8,692.4 crore from ₹9,241.7 crore, net income fell to ₹1,128.4 crore from ₹1,475.2 crore, and diluted earnings per share dropped to ₹11.58 from ₹15.10 a year ago.