India Movers: Info Edge, Kansai Nerolac, Reliance Power, Solar Industries, Swiggy, Vipul Ltd., Zydus Wellness

Arun Goswami
06 Feb, 2025
Mumbai

Mumbai stocks remained under pressure ahead of the RBI's rate decisions and persistent selling by foreign investors. 

The Sensex index decreased by 0.2% to 78,079.80, and the Nifty index declined by 0.3% to 23,633.40.

On the Mumbai stock exchange, 32 stocks traded at their 52-week highs, and 39 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 87.52 against the U.S. dollar.

Reliance Power Ltd. increased 8.2% to ₹43.16 after the energy service provider swung to a profit from a year ago in the December quarter.

Consolidated revenue in the December quarter increased to ₹2,159.4 crore from ₹1,998.8 crore, net income swung to a profit to ₹42 crore from a loss of ₹1,136 crore, and diluted earnings per share jumped to 0.7 paisa from a loss of ₹2.98 a year ago.

Swiggy Ltd. decreased 3.2% to ₹404.85, and the online delivery platform operator reported a 72% jump in its quarterly losses.

Consolidated revenue in the December quarter increased to ₹4,095.8 crore from ₹3,130.9 crore, net loss expanded to ₹799 crore from ₹574 crore, and diluted loss per share increased to ₹3.48 from ₹2.61 a year ago.

Solar Industries India Ltd. rose 0.5% to ₹9,693.45 after the explosive devices and ammunition maker reported a 38% surge in the December quarter revenue.

Consolidated revenue in the December quarter increased to ₹1,982.6 crore from ₹1,440.1 crore, after-tax profit rose to ₹337.5 crore from ₹221.9 crore, and diluted earnings per share jumped to ₹34.80 from ₹22.47 a year ago.

Kansai Nerolac Paints Ltd. rose 3.7% to ₹254.15 after the paint maker and retailer reported a four-fold increase in earnings in the December quarter. 

Consolidated revenue increased to ₹1,963.4 crore from ₹1,938.8 crore, net income jumped to ₹662.3 crore from ₹152.1 crore, and diluted earnings per share rose to ₹8.41 from ₹1.91 a year ago.

Info Edge (India) Ltd. advanced 1.8% to ₹8,088.90, and the parent company of jobs portal Naukri provider reported a sharp increase in revenue and earnings.

Consolidated revenue in the December quarter increased to ₹909.4 crore from ₹659.8 crore, after-tax profit rose to ₹288.4 crore from ₹119.4 crore, and diluted earnings per share jumped to ₹18.66 from ₹11.67 a year ago.

Page Industries Ltd. dropped 4.2% to ₹43,860.05 despite the innerwear and loungewear maker and retailer saying profit soared 34% in the December quarter.

Consolidated revenue in the December quarter increased to ₹1,327.1 crore from ₹1,234.3 crore, net income jumped to ₹204.7 crore from ₹152.4 crore, and diluted earnings per share rose to ₹183.48 from ₹136.59 a year ago.

Zydus Wellness Ltd. advanced 0.4% to ₹1,804.55 after the generic pharmaceuticals maker reported a sharp increase in revenue and earnings. 

Consolidated revenue in the December quarter increased to ₹465.7 crore from ₹403.2 crore, after-tax profit jumped to ₹6.4 crore from ₹0.3 crore, and diluted earnings per share advanced to ₹1.01 from 5 paise a year ago.

Vipul Ltd. fell 3.6% to ₹14.20, and the residential and commercial real estate developer reported a decline in quarterly revenue and earnings.

Consolidated revenue in the December quarter decreased to ₹14.1 crore from ₹170.7 crore, net income dropped to ₹3.7 crore from ₹63.2 crore, and diluted earnings per share fell to 31 paisa from ₹5.27 a year ago.