India Movers: Bajaj Consumer, Aditya Birla Fashion, Deepak Nitrite, Easy Trip Planners, GlaxoSmithKline, Gujarat Raffia, MTNL

Arun Goswami
17 Feb, 2025
Mumbai

The Sensex and Nifty indexes extended losses to the ninth consecutive session amid a lackluster earnings growth outlook and persistent outflow of foreign funds.

Stock market indexes in Mumbai turned lower, and the rupee remained under pressure amid persistent foreign funds outflow. 

The Sensex index declined by 0.6% to 75,436.46, and the Nifty index decreased by 0.7% to 22,772.20.

On the Mumbai stock exchange, 22 stocks traded at their 52-week highs, and 678 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 86.66 against the U.S. dollar.

Bajaj Consumer Care Ltd. declined 3.1% to ₹167.55, and the personal care products maker reported a 30% decline in net income in the December quarter.

Consolidated revenue decreased to ₹242 crore from ₹250.2 crore, net income fell to ₹25.3 crore from ₹36.3 crore, and diluted earnings per share dropped to ₹1.82 from ₹2.55 a year ago.

Aditya Birla Fashion & Retail increased 0.02% to ₹247.60, and the apparel reported a 4% rise in the December quarter revenue.

Consolidated revenue increased to ₹4,361.7 crore from ₹4,210.7 crore, after-tax loss shrank to ₹42.36 crore from ₹107.6 crore, and diluted earnings per share fell to 48 paisa from 81 paisa a year ago.

Easy Trip Planners Ltd. fell 3.4% to ₹11.53 after the online travel booking services provider reported a 25% drop in profit in the December quarter from a year ago. 

Consolidated revenue declined to ₹153.8 crore from ₹165.3 crore, net income fell to ₹34 crore from ₹45.6 crore, and diluted earnings per share decreased to 9 paisa from 13 paisa a year ago.

GlaxoSmithKline Pharmaceuticals Ltd. jumped 17.8% to ₹2,376.70, and the pharmaceutical and healthcare company reported a sharp increase in quarterly revenue and earnings.

Consolidated revenue increased to ₹984.49 crore from ₹833.4 crore, after-tax profit advanced to ₹229.9 crore from ₹45.7 crore, and diluted earnings per share jumped to ₹13.57 from ₹2.70 a year ago.

The company's board declared a special interim dividend for the financial year 2025 of ₹12 per equity share.

Gujarat Raffia Industries Ltd. decreased 5% to ₹48.36 after the PE Tarpaulin maker reported a decline in revenue and earnings in the December quarter.

Standalone revenue decreased to ₹6.1 crore from ₹7.5 crore, net income fell to ₹0.07 crore from ₹0.2 crore, and diluted earnings per share declined to 14 paisa from 33 paisa a year ago.

Deepak Nitrite Limited dropped 2.5% to ₹1,852.85, and the chemical producers reported a 52% plunge in quarterly profit from a year ago.

Consolidated revenue decreased to ₹1,924.4 crore from ₹2,022.8 crore, after-tax profit declined to ₹98.1 crore from ₹202.1 crore, and diluted earnings per share dropped to ₹7.19 from ₹14.81 a year ago.

Glenmark Pharmaceuticals Ltd. advanced 2.7% to ₹1,357 after the company reported a profit in the December quarter from a year ago.

Consolidated revenue increased to ₹3,418.6 crore from ₹2,552.1 crore, net income swung to a profit of ₹348 crore from a loss of ₹449.5 crore, and diluted earnings per share swung to ₹12.33 from a loss of ₹16.66 a year ago.

Mahanagar Telephone Nigam Ltd. increased 3.3% to ₹48.42 after the telecommunication company reported fiscal third quarter results.

Consolidated revenue increased to ₹339 crore from ₹335 crore, after-tax loss declined to ₹836 crore from ₹839 crore, and diluted losses per share fell to ₹13.27 from ₹13.32 a year ago.