India Movers: BEML, Bharat Global, Emcure Pharma, Godrej Industries, Kalyani Steels, Sapphire Foods, Surya Roshni

Arun Goswami
21 Feb, 2025
Mumbai

The Sensex and Nifty indexes extended losses to the second week in a row amid weak market sentiment and stretched valuations. 

The Sensex index declined by 0.6% to 75,271.44, and the Nifty index decreased by 0.6% to 22,776.65.

On the Mumbai stock exchange, 40 stocks traded at their 52-week highs, and 73 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 86.58 against the U.S. dollar.

 

Stock Movers

Bharat Global Developers dropped 5% to ₹1,236.45 despite the sustainable energy solutions provider reporting a sharp increase in revenue and earnings.

Consolidated revenue increased to ₹276.3 crore from ₹1.1 crore, after-tax profit rose to ₹1.4 crore from ₹0.5 crore, and diluted earnings per share jumped to 14 paisa from ₹8.51 a year ago.

Godrej Industries jumped 12% to ₹1,128.75 after the company reported a 90% jump in its earnings in the December quarter.

Consolidated revenue advanced to ₹5,146.9 crore from ₹3,843.7 crore, net income increased to ₹312.4 crore from ₹164.6 crore, and diluted earnings per share rose to ₹5.59 from ₹3.16 a year ago.

Kalyani Steels Ltd. fell 2.5% to ₹760.20 after steel manufacturers reported a slight increase in revenue and a 15% decline in profit in the December quarter.

Consolidated revenue increased to ₹496.4 crore from ₹492 crore, after-tax profit declined to ₹55.3 crore from ₹65.3 crore, and diluted earnings per share fell to ₹12.69 from ₹14.97 a year ago.

Emcure Pharmaceuticals increased 0.2% to ₹986.90, and the pharmaceutical products maker reported a 30% increase in net income in the December quarter.

Consolidated revenue advanced to ₹1,966.5 crore from ₹1,683.3 crore, net income jumped to ₹156 crore from ₹119.8 crore, and diluted earnings per share rose to ₹8.12 from ₹6.27 a year ago.

Surya Roshni Limited rose 0.9% to ₹234.50 despite the steel pipes and lighting company reporting a marginal decline in net income and revenue in the December quarter.

Consolidated revenue decreased to ₹ 1,873.7 crore from ₹1,941.2 crore, after-tax profit fell to ₹89.9 crore from ₹90 crore, and diluted earnings per share declined to ₹4.13 from ₹4.14 a year ago.

PVR Inox Ltd. increased 0.3% to ₹1,011.10 after the film exhibitor reported a three-fold increase in earnings in the December quarter.

Consolidated revenue increased to ₹1,595.8 crore from ₹1,496.8 crore, net income jumped to ₹34.5 crore from ₹12.6 crore, and diluted earnings per share advanced to ₹3.51 from ₹1.28 a year ago.

Sapphire Foods India Ltd. dropped 2.5% to ₹327.95 despite the restaurant service provider reporting a 30% increase in net income in the December quarter.

Consolidated revenue increased to ₹767 crore from ₹671.5 crore, after-tax profit rose to ₹12.7 crore from ₹9.8 crore, and diluted earnings per share jumped to 37 paisa from 31 paisa a year ago.

BEML Limited advanced 1% to ₹2,668.50 after the heavy equipment maker reported a 48% plunge from a year ago in quarterly profit.

Consolidated revenue declined to ₹880.6 crore from ₹1,081.4 crore, net income fell to ₹24.8 crore from ₹48.4 crore, and diluted earnings per share dropped to ₹5.95 from ₹11.63 a year ago.

The company declared an interim cash dividend for the fiscal year 2025 of ₹5 per share.