Market News
6 min read | Updated on February 14, 2025, 12:46 IST
SUMMARY
Shares of Senco Gold on Friday tumbled over 19% during the morning trade after the company reported almost 70% loss in its profit for the December quarter
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Shares of tobacco manufacturer Godfrey Phillips India rose over 15% on Friday after the company posted strong numbers for the quarter ended December 2024
After opening in green, the domestic equity market was trading with significant cuts in on Friday, February 14.
At 12:30 PM, the S&P BSE SENSEX was trading at 75,616.44, down 522.53 points, or 0.69%, while the NSE's NIFTY50 index was trading at 22,837.25, down 194.15 points, or 0.84%.
The jewellery chain’s consolidated net profit for the December quarter declined 69.4% to ₹33.4 crore as compared to ₹109.3 crore in the corresponding quarter of the previous fiscal year. However, its revenue from operations saw a 27.3% rise at ₹2,102.5 crore as compared to ₹1,652.2 crore in Q3FY23.
During intraday, shares of the company tanked 19.05% at ₹361.8 apiece on BSE.
The stock was trading 15.61% higher at ₹5,780 per share on the National Stock Exchange (NSE) at 11:20 am. Its market capitalisation stands at ₹30,057.95 crore. On the BSE, it gained 16.38% to ₹5,799.10 apiece.
Manappuram’s consolidated net profit declined 51.3% to ₹278.46 crore in the third quarter of the financial year 2024-2025 as against ₹525.07 crore in Q3FY24.
However, the company’s total revenue from operations grew marginally by 2.8% to ₹2559.72 crore as compared to ₹2633.1 crore in the corresponding quarter last fiscal year.
The stock plunged 13.18% to ₹1,943.30 apiece on the NSE at 9:56 am. The market capitalisation stands at ₹26,514.13 crore. On the BSE, shares were trading 13.08% lower at ₹1,944.20 per unit.
Deepak Nitrite reported a 51.45% decline in its consolidated net profit to ₹98.09 apiece in the quarter ended December 2024. In the year-ago period, the post-tax profit was ₹202.05 crore.
However, the stock pared gains later. Last seen, the share price was trading at ₹2,047.50, up 0.85%.
For the quarter ended December 31, 2024, the company reported a 10% YoY rise in its standalone sales at ₹1,998 crore. UBL had posted a profit of ₹1,823 crore in the year-ago period. EBIT, or earnings before interest and taxes, fell 24% YoY to ₹90 crore.
In early trade, the stock rose as much as 2.24% to ₹616 apiece on the National Stock Exchange. At 9:27 am, it was up 0.63% to ₹606.30 per share.
Hindalco Industries' consolidated net profit advanced 60% to ₹3,735 crore in the third quarter of the current fiscal year, compared to ₹2,331 crore in the year-ago period. The company's total income increased 10.94% to ₹58,899 crore as against ₹53,088 crore a year back.
On Thursday, the drug manufacturer cracked the lower circuit at ₹975.05 per equity price, down 19.99% on the NSE. The stock hit the lower circuit at ₹973.35 and closed at ₹973.4 on the Bombay Stock Exchange (BSE).
During the intraday trade, Lupin was trading at ₹1,945.55 apiece, falling 5.36% on BSE.
The pharma major had reported a 38.8% rise in its consolidated net profit at ₹858.9 crore for Q3FY25 against ₹618.7 crore logged in the corresponding quarter of the previous fiscal.
Sales for the quarter under review came in at ₹5,618.6 crore, up 10.6% against ₹5,079.9 crore registered in the December 2023 quarter.
In October-December period, Concord’s consolidated profit after tax fell 2% to ₹75.9 crore as compared to ₹77.6 crore in Q3FY24. Its revenue from operations advanced marginally by a percent to ₹244.2 crore as against 240.8 core in corresponding quarter previous fiscal.
At 12 PM, Concord Biotech shares was trading at ₹1,786.85 on BSE, tanking 15.31% on BSE.
The company’s EBITDA during the reporting quarter also declined by 8% to ₹98 crore as against 105.9 crore in Q3FY24.
During the intraday trade, Vodafone Idea was trading at ₹8.18 apiece, declining 5.43% on BSE.
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