India Movers: Ashok Leyland, Bharat Forge, Diamines and Chemicals, Gopal Snacks, HAL, Morepen, Natco Pharma

Arun Goswami
13 Feb, 2025
Mumbai

Consumer price inflation eased for the third consecutive month in January, driven by a slowdown in food price inflation. 

Benchmark indexes rebounded after falling in six previous consecutive sessions after rate cut hopes overshadowed disappointing fiscal third quarter earnings.

The Sensex index advanced by 0.5% to 76,589.39, and the Nifty index increased by 0.6% to 23,183.60.

On the Mumbai stock exchange, 37 stocks traded at their 52-week highs, and 146 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 86.83 against the U.S. dollar.

 

Stock Movers

Morepen Laboratories Ltd. rose 1.7% to ₹56.86 after the pharmaceutical and biotechnology company reported a slight increase in revenue and a 36% decline in profit in the December quarter.

Consolidated revenue increased to ₹404.1 crore from ₹398.3 crore, after-tax profit fell to ₹22.6 crore from ₹35.2 crore, and diluted earnings per share decreased to 41 paisa from 69 paisa a year ago.

Gopal Snacks Ltd. advanced 0.7% to ₹56.86 after the company reported a 7% rise in revenue and a decline in net income in the December quarter.

Consolidated revenue increased to ₹394.3 crore from ₹368.7 crore, net income fell to ₹5.3 crore from ₹17.8 crore, and diluted earnings per share dropped to 43 paisa from ₹1.44 a year ago.

Diamines and Chemicals Ltd. increased 0.4% to ₹386.70, and the organic chemical compound’s maker reported a sharp decline in quarterly revenue and earnings.

Consolidated revenue decreased to ₹18.3 crore from ₹23.6 crore, after-tax profit fell to ₹0.8 crore from ₹2.9 crore, and diluted earnings per share dropped to 77 paisa from ₹3.01 a year ago.

Natco Pharma Ltd. dropped 17.2% to ₹1,007.40, and the pharmaceutical company reported a 38% plunge in quarterly profit from a year ago.

Consolidated revenue decreased to ₹651.1 crore from ₹795.6 crore, net income dropped to ₹132.4 crore from ₹212.7 crore, and diluted earnings per share fell to ₹7.43 from ₹11.88 a year ago.

Ashok Leyland Ltd. advanced 0.4% to ₹220.40, and the automobile maker reported a 31% increase in net income in the December quarter.

Consolidated revenue increased to ₹9,503.2 crore from ₹9,303 crore, after-tax profit rose to ₹761.7 crore from ₹580 crore, and diluted earnings per share advanced to ₹2.59 from ₹1.97 a year ago.

Bharat Forge Ltd. decreased 3% to ₹1,071.90 after the company reported an 11% drop in revenue in the December quarter.

Consolidated revenue declined to ₹3,513.9 crore from ₹3,922.3 crore, net income fell to ₹212.7 crore from ₹254.4 crore, and diluted earnings per share decreased to ₹4.54 from ₹5.68 a year ago.

Repco Home Finance fell 3% to ₹361.70 despite the housing loan finance company reporting a rise in revenue and net income in the December quarter.

Consolidated revenue increased to ₹445.3 crore from ₹393.20 crore, after-tax profit rose to ₹106.5 crore from ₹99.4 crore, and diluted earnings per share advanced to ₹18.09 from ₹16.62 a year ago.

Hindustan Aeronautics Ltd. jumped 2.6% to ₹3,690.75 after the aerospace and defense company reported a 14% jump in consolidated profit from a year ago. 

Consolidated revenue increased to ₹7,588.7 crore from ₹6,521.3 crore, net income advanced to ₹1,439.8 crore from ₹1,261.5 crore, and diluted earnings per share rose to ₹21.53 from ₹18.86 a year ago.