India Movers: Britannia, Bharti Airtel, Cochin Shipyard, Hero Motocorp, ITC, MRF, NCC, State Bank of India, Trent

Arun Goswami
07 Feb, 2025
Mumbai

Benchmark indexes in Mumbai trimmed weekly gains, and investors reviewed the latest earnings. 

The rupee hovered near a record low amid elevated trade tensions, interest rate path uncertainties, and persistent outflows of foreign funds.

The Sensex index decreased by 0.07% to 78,005.97, and the Nifty index declined by 0.09% to 23,582.05.

On the Mumbai stock exchange, 22 stocks traded at their 52-week highs, and 46 stocks traded at their 52-week lows.

 

Stock Movers 

Britannia Industries dropped 0.7% to ₹4,924.0, despite the food products maker reporting a nearly 5% increase in the December quarter.

LIC dropped 0.9% to ₹821.15 ahead of the life insurance company's quarterly results later in the day. 

Mahindra & Mahindra gained 3.2% to ₹3,187.15 ahead of the release of fiscal third quarter results amid expectations of higher unit sales in its tractor and passenger car divisions. 

Bharti Airtel Ltd. increased 4.7% to ₹1,696.15 after the wireless services provider reported a five-fold jump in its fiscal third quarter.

ITC Ltd. declined 1.8% to ₹433.0 after the diversified conglomerate reported a marginal increase in net income in the latest quarter.

 

Recent Earnings Movers 

State Bank of India decreased 1.2% to ₹743.35 despite the financial services company reporting a 67% jump in its earnings in the December quarter.

Consolidated revenue increased to ₹167,853.6 crore from ₹153,071.6 crore, after-tax profit rose to ₹19,175.4 crore from ₹11,282.7 crore, and diluted earnings per share advanced to ₹21.12 from ₹12.40 a year ago.

Trent Ltd. increased 0.7% to ₹5,310 after the parent company of Zudio and Star Bazaar reported a 33% surge from a year ago in the December quarter revenue.

Consolidated revenue in the December quarter advanced to ₹4,715.6 crore from ₹3,547 crore, net income increased to ₹496.5 crore from ₹370.6 crore, and diluted earnings per share rose to ₹13.99 from ₹10.53 a year ago. 

Bharti Airtel Limited jumped 4.4% to ₹1,690, and the telecommunications company reported a fivefold increase in earnings in the December quarter.

Consolidated revenue advanced to ₹45,599 crore from ₹38,339.3 crore, after-tax profit jumped to ₹16,134.6 crore from ₹2,876.4 crore, and diluted earnings per share rose to ₹24.65 from ₹4.17 a year ago.

Hero Motocorp Ltd. rose 0.7% to ₹4,258.25 after the two-wheeler maker reported a rise in revenue and net income in the December quarter.

Consolidated revenue advanced to ₹10,566.3 crore from ₹10,031.4 crore, net income increased to ₹1,108.3 crore from ₹1,091.1 crore, and diluted earnings per share rose to ₹55.31 from ₹54.59 a year ago.

ITC Ltd. fell 2.1% to ₹432 despite the diversified conglomerate reporting an 11% increase in the fiscal third quarter ending in December.

Consolidated revenue increased to ₹19,376.8 crore from ₹20,732.5 crore, after-tax profit rose to ₹5,638.3 crore from ₹5,078.4 crore, and diluted earnings per share advanced to ₹4.50 from ₹4.06 a year ago.

MRF Ltd. advanced 0.4% to ₹1,14,448.95 despite the tire maker reporting a 38% plunge in quarterly profit from a year ago.

Consolidated revenue in the December quarter increased to ₹7,098.9 crore from ₹6,240.1 crore, net income dropped to ₹315.5 crore from ₹509.7 crore, and diluted earnings per share fell to ₹743.80 from ₹1,201.81 a year ago.

Cochin Shipyard Ltd. decreased 3% to ₹1,370.95 after the shipbuilding & repair yard operator reported a 28% drop in profit in the December quarter from a year ago.

Consolidated revenue decreased to ₹1,194.4 crore from ₹1,244.3 crore, after-tax profit fell to ₹177 crore from ₹244.4 crore, and diluted earnings per share dropped to ₹6.73 from ₹9.29 a year ago.

NCC Limited dropped 12% to ₹209.20 after the infrastructure development company reported a slight increase in revenue and an 11% decline in profit in the December quarter.

Consolidated revenue increased to ₹5,382.9 crore from ₹5,247.8 crore, net income fell to ₹205 crore from ₹231 crore, and diluted earnings per share decreased to ₹3.08 from ₹3.51 a year ago.