India Movers: DIC India, HDFC Bank, Hindustan Adhesive, Lupin, Siemens, Vodafone Idea

Arun Goswami
24 Feb, 2025
Mumbai

Benchmark indexes in Mumbai opened sharply lower following the weakness in Friday's trading in New York. Lingering trade uncertainties also weighed on the market sentiment.

The Sensex index declined by 1% to 74,584.81, and the Nifty index decreased by 1% to 22,570.35.

On the Mumbai stock exchange, 26 stocks traded at their 52-week highs, and 213 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 86.62 against the U.S. dollar.

 

Stock Movers

Hindustan Adhesives Limited dropped 4.4% to ₹343.50 despite the company reporting a slight increase in revenue and net income in the December quarter.

Consolidated revenue increased to ₹74 crore from ₹71.2 crore, after-tax profit rose to ₹4.6 crore from ₹4.5 crore, and diluted earnings per share advanced to ₹8.96 from ₹8.89 a year ago.

DIC India Limited increased 0.5% to ₹641.45 after the chemical maker's net income swung to a profit in the December quarter.

Consolidated revenue advanced to ₹223.9 crore from ₹207.6 crore, net income swung to a profit of ₹7.1 crore from a loss of ₹7.2 crore, and diluted earnings per share rose to an income of ₹7.79 from a loss of ₹7.83 a year ago.

Siemens Limited declined 2.1% to ₹4,815.65 after the technology company reported a marginal decline in revenue and a slight increase in profit in the December quarter.

Consolidated revenue decreased to ₹3,759.5 crore from ₹3,871.3 crore, net income increased to ₹614.6 crore from ₹505.7 crore, and diluted earnings per share rose to ₹17.26 from ₹14.21 a year ago.

Power Finance Corporation plunged 1.4% to ₹384.75 despite the power sector financial services provider reporting a 23% increase in net income in the December quarter.

Consolidated revenue increased to ₹26,821.8 crore from ₹23,593.4 crore, after-tax profit rose to ₹7,759.5 crore from ₹6,294.4 crore, and diluted earnings per share advanced to ₹17.66 from ₹14.33 a year ago.

VTM Limited decreased 2% to ₹198.55 despite the textile manufacturing company reporting a four-fold increase in earnings in the December quarter.

Consolidated revenue advanced to ₹104 crore from ₹52.5 crore, net income jumped to ₹18.19 crore from ₹4.16 crore, and diluted earnings per share rose to ₹4.52 from ₹1.15 a year ago.

Vodafone Idea Limited fell 2.6% to ₹8.05 after the telecommunications company reported a marginal increase in revenue and a net loss decline in the December quarter.

Consolidated revenue increased to ₹11,366.8 crore from ₹10,698 crore, net loss declined to ₹6,609.3 crore from ₹6,985.9 crore, and diluted losses per share dropped to 95 paisa from ₹1.44 a year ago.

Lupin Limited rose 1.9% to ₹1,942 after the pharmaceutical company reported a 39% jump in its earnings in the December quarter.

Consolidated revenue increased to ₹5,821.4 crore from ₹5,226.7 crore, after-tax profit rose to ₹858.8 crore from ₹618.7 crore, and diluted earnings per share jumped to ₹18.69 from ₹13.41 a year ago.

HDFC Bank Ltd. decreased 1.3% to ₹1,669 after the financial services provider reported a marginal decline in revenue and a slight increase in profit in the December quarter.

Consolidated revenue declined to ₹1,12,193 crore from ₹1,15,015 crore, net income advanced to ₹17,656.6 crore from ₹17,257.8 crore, and diluted earnings per share rose to ₹23 from ₹22.65 a year ago.