India Movers: Alkems Labs, Birlasoft, Cello World, Finolex Cables, Honasa Consumer, Reliance Infrastructure, Shalimar Paints, Zydus Lifesciences

Arun Goswami
25 Feb, 2025
Mumbai

The Sensex and Nifty indexes struggled to stay above the flatline, extended losses, and stayed at eight-month lows.

The Sensex index advanced by 0.4% to 74,743, and the Nifty index gained by 0.3% to 22,611.55.

On the Mumbai stock exchange, 14 stocks traded at their 52-week highs, and 93 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 86.81 against the U.S. dollar.

Honasa Consumer Ltd. increased 0.2% to ₹223.85 after the beauty and personal care online retailer reported a slight increase in revenue and a 26% plunge in quarterly profit, from a year ago, respectively. 

Consolidated revenue increased to ₹488.9 crore from ₹461.8 crore, after-tax profit dropped to ₹21.5 crore from ₹28.9 crore, and diluted earnings per share fell to 66 paisa from 90 paisa a year ago.

Reliance Infrastructure Limited rose 1.2% to ₹244 despite the infrastructure company reporting a seven-fold increase in net loss in the December quarter.

Consolidated revenue advanced to ₹5,129.1 crore from ₹4,717.1 crore, net loss expanded to ₹3,298.4 crore from ₹421.2 crore, and diluted losses per share advanced to ₹5.74 from 88 paise a year ago.

Shalimar Paints dropped 0.7% to ₹112.05,and the paint and varnish maker reported  net loss expanded in the December quarter.

Consolidated revenue increased to ₹149 crore from ₹147.3 crore, net loss expanded to ₹23.98 crore from ₹11.54 crore, and diluted losses per share advanced to ₹2.86 from ₹1.40 a year ago.

Zydus Lifesciences Limited decreased 0.7% to ₹884.05, despite pharma healthcare providers reporting a slight increase in revenue and net income in the December quarter.

Consolidated revenue advanced to ₹2,593.4 crore from ₹2,478.1 crore, net income increased to ₹470.6 crore from ₹450.4 crore, and diluted earnings per share rose to ₹4.68 from ₹4.45 a year ago.

 Birlasoft Ltd. fell 0.7% to ₹468 after the IT services company reported a slight increase in revenue and a 28% decline in profit in the December quarter.

Consolidated revenue increased to ₹1,383.4 crore from ₹1,371.1 crore, after-tax profit fell to ₹1,169 crore from ₹1,610 crore, and diluted earnings per share decreased to ₹4.15 from ₹5.73 a year ago.

Alkem Laboratories advanced 0.3% to ₹4,622.65 after the pharmaceutical company reported a slight increase in revenue and net income in the December quarter.

Consolidated revenue advanced to ₹3,467.2 crore from ₹3,417.5 crore, net income jumped to ₹640.7 crore from ₹604.2 crore, and diluted earnings per share rose to ₹52.34 from ₹49.76 a year ago.

Finolex Cables Limited gained 0.9% to ₹910.20 despite the electrical and telecommunication cable maker reporting a marginal decline in net income and revenue in the December quarter.

Consolidated revenue decreased to ₹1,226.8 crore from ₹1,266.7 crore, after-tax profit fell to ₹147.3 crore from ₹151 crore, and diluted earnings per share declined to ₹9.63 from ₹9.87 a year ago.

Cello World Limited advanced 0.7% to ₹592.95 after the consumer goods company reported an 81% jump in its earnings in the December quarter.

Consolidated revenue advanced to ₹296.3 crore from ₹264.6 crore, net income jumped to ₹26.6 crore from ₹14.7 crore, and diluted earnings per share rose to ₹1.23 from 69 paisa a year ago.