India Movers: Movers: 3M India, Delhivery, Edelweiss Financial, Fortis, LIC, Mazagon Dock, Oil India, Ola Electric

Arun Goswami
10 Feb, 2025
Mumbai

Stock market indexes in Mumbai dropped, and the rupee drifted to a new record low after threats of U.S. tariffs weighed.

The Sensex index decreased by 0.7% to 77,330.94, and the Nifty index declined by 0.6% to 23,389.30.

On the Mumbai stock exchange, 172 stocks traded at their 52-week highs, and 264 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 low and traded at 87.90 against the U.S. dollar.

Oil India Ltd. decreased 3.7% to ₹409.35, and the crude oil and natural gas company reported a 44% plunge in quarterly profit from a year ago.

Consolidated revenue decreased to ₹9,391.2 crore from ₹11,493.9 crore, after-tax profit declined to ₹1,457.2 crore from ₹2,607.6 crore, and diluted earnings per share fell to ₹8.23 from ₹14.43 a year ago.

3M India Ltd. plunged 1.8% to ₹27,650 after the science and technology company reported a slight increase in revenue and a 16% decline in profit in the December quarter.

Consolidated revenue increased to ₹1,106.8 crore from ₹1,022.2 crore, net income fell to ₹113.7 crore from ₹135.2 crore, and diluted earnings per share decreased to ₹100.99 from ₹120.05 a year ago.

Ola Electric Mobility Ltd. fell 3.1% to ₹67.86 after the electric vehicle maker reported December quarter results.

Consolidated revenue decreased to ₹1,172 crore from ₹1,371 crore, net loss expanded to ₹564 crore from ₹376 crore, and diluted losses per share stretched to ₹1.28 from ₹1.02 a year ago.

Mazagon Dock Shipbuilders Ltd. increased 0.2% to ₹2,235.15 after the naval vessel builder reported a 30% surge in profit from a year ago in the December quarter revenue.

Consolidated revenue increased to ₹3,430.1 crore from ₹2,631.1 crore, net income advanced to ₹807.2 crore from ₹626.8 crore, and diluted earnings per share rose to ₹20.01 from ₹15.54 a year ago.

Fortis Healthcare Ltd. declined 1.1% to ₹642.65 despite the healthcare services provider reporting an 89% jump in its earnings in the December quarter.

Consolidated revenue increased to ₹1,949.2 crore from ₹1,686.5 crore, after-tax profit rose to ₹254.3 crore from ₹134.3 crore, and diluted earnings per share jumped to ₹3.28 from ₹1.78 a year ago.

Delhivery Limited decreased 2.5% to ₹308.75 despite the logistics and supply chain company reporting a sharp increase in revenue and earnings. 

Consolidated revenue increased to ₹2,477 crore from ₹2,325.2 crore, net income jumped to ₹25 crore from ₹11.7 crore, and diluted earnings per share rose to 33 paise from 15 paise a year ago.

Life Insurance Corporation of India advanced 0.6% to ₹820.95 after the company reported a slight increase in net income and a 5% decline in revenue in the December quarter.

Consolidated revenue decreased to ₹2,02,930.7 crore from ₹2,13,159.4 crore, after-tax profit rose to ₹11,008.7 crore from ₹9,469 crore, and diluted earnings per share jumped to ₹17.40 from ₹14.97 a year ago.

Edelweiss Financial Services Ltd. fell 0.6% to ₹111.30, and the financial services provider reported an increase in net income in the December quarter. 

Consolidated revenue decreased to ₹1,996.6 crore from ₹2,414.6 crore, net income advanced to ₹155.18 crore from ₹152.2 crore, and diluted earnings per share rose to ₹1.68 from ₹1.39 a year ago.