Market News
5 min read | Updated on February 11, 2025, 12:27 IST
SUMMARY
Shares of Gautam Adani-led firm advanced over 3% on Tuesday, February 11 after reports on US Congressmen writing to new Attorney General against Adani's indictment
Shares of Eicher Motors traded in the negative territory on Tuesday after the company released its financial results for the third quarter of the current fiscal year.
The benchmark equity indices on Tuesday, February 11, were trading in negative, declining over 0.5% during the late morning deals.
At 12:15 PM, the S&P BSE SENSEX was trading at 76,893.69, falling 418.11 points, or 0.54%, while the NSE's NIFTY50 index was at 23,248.85, down 132.75 points, or 0.57%.
Shares of the company was trading at ₹2,359.95 apiece, surging 3.02% on NSE.
As many as six US Congressmen have written to the newly appointed Attorney General of the United States against "questionable" decisions made by the US Department of Justice (DoJ) such as the indictment against the Adani Group in an alleged bribery scam, which "jeopardises the relationship with close ally India".
During the intraday period, the company was trading 1.63% higher on NSE at ₹2,513.6 apiece.
Its revenue from operations was up 8.84% to ₹34,792.85 crore during the quarter under review compared to ₹31,965.48 crore in the corresponding period of the previous fiscal.
The revenue growth was "up by 9% YoY, driven by all-round growth across key businesses," said an earning statement from Grasim Industries.
Shares of the company was trading at ₹1,893.30 apiece, rising 0.62% during the intraday trade.
During the intraday trade, the company was trading 0.55% higher at ₹599.25 apiece on the 50-share index.
Shares of the hospital chain firm was plunged 6.18% on NSE to ₹6,343.25 during the intraday trade.
The stock declined 6% during opening session. During the intraday trade, Eicher Motors was trading at ₹5,027.80 a piece, tanking 5.76% on NSE.
The company posted an 18% increase in its consolidated post-tax profit at ₹1,171 crore for the latest December quarter, compared to ₹996 crore in the year-ago period. However, it missed street estimates.
On February 10, the logistics unicorn shares had dived as much as 4.9% to hit their 52-week low of ₹299.8 apiece on the NSE during the day’s trade.
Delhivery reported a 114% year-on-year rise in its consolidated profit last week to ₹25 crore for the Q3FY25 compared to ₹11.7 crore a year ago. Sequentially, its net profit surged 145% from ₹10.20 crore.
Shares were trading at ₹168.76 apiece on NSE, falling 0.40% during the day’s trade.
The company’s revenue from operations for the quarter under review came in at ₹2,267.21 crore, up 26.7% from ₹1,788.80 crore registered in the December 2023 quarter.
Vodafone Idea shares fell as much as 2.4% to hit the day’s low of ₹8.9 apiece on Tuesday on the National Stock Exchange of India. The stock has fallen over 7.5% in the past five trading sessions, but is still up 15.5% in the last one month. Over the past one year, the share price has declined over 38%.
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