Movers: Avanti Feeds, Arihant Capital, Force Motors, Hariom Pipes, National Aluminium, National Fertilizers, Orient Paper

Arun Goswami
20 Feb, 2025
Mumbai

Benchmark indexes in Mumbai wavered around the flatline in a tight range as investors reviewed rising trade and geopolitical tensions. 

The Sensex index advanced by 0.3% to 75,654.42, and the Nifty index increased by 0.2% to 22,877.75.

On the Mumbai stock exchange, 22 stocks traded at their 52-week highs, and 104 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 86.80 against the U.S. dollar.

Orient Paper & Industries Ltd. rose 1.6% to ₹25.58 after the tissue paper maker reported a slight increase in revenue in the December quarter.

Consolidated revenue increased to ₹234.6. crore from ₹207.1 crore, net loss expanded to ₹10.5 crore from ₹3.2 crore, and diluted losses per share advanced to 49 paisa from 15 paisa a year ago.

National Fertilizers Limited increased 1.3% to ₹87.75 despite the fertilizer and other agricultural inputs maker reporting a 78% plunge from a year ago in quarterly profit.

Consolidated revenue in the December quarter decreased to ₹5,883.9 crore from ₹7,598.3 crore, net income dropped to ₹30.9 crore from ₹140 crore, and diluted earnings per share fell to 63 paise from ₹2.85 a year ago.

Avanti Feeds Ltd. jumped 3.4% to ₹710.85 after the seafood company reported a 69% jump in its earnings in the December quarter.

Consolidated revenue increased to ₹1,404.9 crore from ₹1,287 crore, after-tax profit rose to ₹140.8 crore from ₹83.3 crore, and diluted earnings per share jumped to ₹9.92 from ₹5.32 a year ago.

Arihant Capital Markets Limited advanced 0.7% to ₹74.57 despite the financial services provider reporting a 19% drop in revenue and a 37% decline in profit in the December quarter.

Consolidated revenue declined to ₹52 crore from ₹72.7 crore, net income fell to ₹12.3 crore from ₹19.6 crore, and diluted earnings per share decreased to ₹1.12 from ₹1.88 a year ago.

T.T. Limited dropped 1.5% to ₹12.80 after the textile company's net income swung to a profit in the December quarter.

Consolidated revenue increased to ₹56.8 crore from ₹52.4 crore, net income swung to a profit of ₹1 crore from a loss of ₹2.2 crore, and diluted earnings per share rose to an income of 47 paisa from a loss of ₹1.01 a year ago.

Hariom Pipe Industries Limited inched up 2.6% to ₹378.90 after the steel pipes and other products maker reported a 14% increase in net income in the December quarter.

Consolidated revenue advanced to ₹300.4 crore from ₹282 crore, net income increased to ₹11.2 crore from ₹9.8 crore, and diluted earnings per share rose to ₹3.63 from ₹3.17 a year ago.

Force Motors Limited edged up 0.5% to ₹6726.30, and the automotive maker reported a 14% jump in its earnings in the December quarter.

Consolidated revenue increased to ₹1,904.3 crore from ₹1,695.5 crore, after-tax profit rose to ₹110.1 crore from ₹94.7 crore, and diluted earnings per share jumped to ₹83.53 from ₹71.91 a year ago.

National Aluminium Co. Ltd. gained 2.3% to ₹191.50 after the aluminum maker reported a three-fold increase in earnings in the December quarter.

Consolidated revenue advanced to ₹4,761.3 crore from ₹3,397.9 crore, net income jumped to ₹1,582.9 crore from ₹488.5 crore, and diluted earnings per share rose to ₹8.62 from ₹2.66 a year ago.