India Movers: Ambika Cotton, Elantas Beck India, Fiberweb, Garware Technical, ICRA, Omaxe, Techno Electric & Engineering

Arun Goswami
19 Feb, 2025
Mumbai

Stock market indexes in Mumbai lacked direction amid weak market sentiment and high valuations. 

The Sensex index advanced by 0.1% to 76,034.07, and the Nifty index increased by 0.1% to 22,959.65.

On the Mumbai stock exchange, 47 stocks traded at their 52-week highs, and 356 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 86.90 against the U.S. dollar.

Techno Electric & Engineering Company Ltd. jumped 5.8% to ₹956.90 after the power-infrastructure company reported a 35% surge in net income from a year ago in the December quarter.

Consolidated revenue increased to ₹719.8 crore from ₹407.3 crore, after-tax profit rose to ₹104.6 crore from ₹77.6 crore, and diluted earnings per share jumped to ₹8.99 from ₹7.21 a year ago.

Elantas Beck India Ltd. decreased 2.2% to ₹8,696.90 after the company reported a slight increase in revenue and a 20% decline in profit in the December quarter.

Consolidated revenue advanced to ₹207 crore from ₹190.7 crore, net income decreased to ₹29.7 crore from ₹37 crore, and diluted earnings per share fell to ₹37.52 from ₹46.67 a year ago.

The company declared an interim cash dividend for the fiscal 2025 of ₹7.50 per share.

Punjab Communications Limited advanced 5% to ₹45.95, and the telecommunications company's net income swung to a profit in the December quarter.

Consolidated revenue increased to ₹5.7 crore from ₹4.7 crore, net income swung to a profit of ₹0.5 crore from a loss of ₹1.4 crore, and diluted earnings per share rose to an income of 46 paisa from a loss of ₹1.13 a year ago.

Ambika Cotton Mills Limited increased 1.5% to ₹1,420 after the cotton yarn manufacturers reported a 19% drop in revenue and a slight increase in profit in the December quarter.

Consolidated revenue declined to ₹162.6 crore from ₹200.2 crore, net income rose to ₹14.3 crore from ₹13 crore, and diluted earnings per share advanced to ₹24.95 from ₹22.74 a year ago.

ICRA Limited fell 0.2% to ₹5,547.85 despite the credit rating agency reporting a 30% jump in its earnings in the December quarter.

Consolidated revenue increased to ₹139.7 crore from ₹131.8 crore, after-tax profit rose to ₹42.2 crore from ₹32.4 crore, and diluted earnings per share jumped to ₹43.63 from ₹33.42 a year ago.

The company declared an interim dividend for the fiscal 2025 of ₹100 per share.

Fiberweb (India) Limited rose 1.7% to ₹42.85 after the nonwoven fabric’s maker reported a two-fold increase in earnings in the December quarter.

Consolidated revenue advanced to ₹25.2 crore from ₹14.7 crore, net income jumped to ₹3.5 crore from ₹1.5 crore, and diluted earnings per share rose to ₹1.23 from 54 paise a year ago.

Omaxe Ltd. increased 4.2% to ₹80.78 despite the real estate company’s losses expanded sharply in the December quarter. 

Consolidated revenue decreased to ₹300.4 crore from ₹601 crore, net loss expanded to ₹150.3 crore from ₹71.8 crore, and diluted losses per share advanced to ₹8.23 from ₹3.66 a year ago.

Garware Technical Fibres Ltd. inched up 1.4% to ₹715.75 after the technical textiles company reported a 19% increase in net income in the December quarter.

Consolidated revenue increased to ₹361.2 crore from ₹279.4 crore, net income jumped to ₹42.4 crore from ₹35.8 crore, and diluted earnings per share rose to ₹21.30 from ₹17.56 a year ago.