Market News
4 min read | Updated on February 19, 2025, 13:45 IST
SUMMARY
NIFTY50 and SENSEX traded lower, with multiple stocks, including Godrej Consumer, PVR Inox, Varun Beverages, and Kajaria Ceramics, hitting 52-week lows. Market volatility remains high as sectors like NIFTY IT and NIFTY Pharma trade in the red.
Stock list
Godrej Consumer Products, PVR Inox, Varun Beverages among 322 stocks that hit 52-week lows today; check full list | Image: Shutterstock
NIFTY50, SENSEX traded lower in the mid-afternoon session today. At 1:00 pm, the benchmark NIFTY 50 was trading at 22,926, down 21 points, or 0.09%. The BSE SENSEX, meanwhile, was trading 32 points, or 0.05%, lower at 75,937.
As many as 325 stocks hit their lowest level in 52 week. The volatility index, or India VIX, slipped 1.2% to 15.48. All the sectoral indices were trading in the green, except the NIFTY IT and NIFTY Pharma indices, down around 1.34% and 0.62% each. The NIFTY Realty was the top gainer, as it advanced 1.85%.
The stock has been under pressure after the company reported poor December 2024 quarter earnings in the last week of January 2025. For Q3FY25, Godrej Consumer Products posted a consolidated net profit of ₹498.31 crore, marking a 14% drop compared to the year-ago period. This was despite an increase in total revenue from operations to ₹3,768.43 crore in Q3FY25 from ₹3,659.64 crore in Q3FY24. The company mentioned in its earnings report that demand conditions in India witnessed temporary headwinds over the past few months, led by a slowdown in urban consumption.
The stock was in focus as concerns emerged over the company’s unfair trade practice that led to a delay in the screening of a film. A consumer court in Bengaluru has directed PVR Inox to pay ₹1 lakh as punitive damages to a Bengaluru-based complainant and mention the actual time when the movie will be screened. The 30-year-old man had sued PVR Cinemas, INOX and BookMyShow for “wasting” 25 minutes running lengthy commercials before the movie screening and causing “mental agony”.
Notably, PVR Inox reported 180% year-on-year profit growth to ₹35.9 crore in Q3FY25, with revenue rising 11.1% YoY to ₹1,717.3 crore.
Last week, Varun Beverages reported a 36% YoY increase in net profit to ₹196 crore for the December 2024 quarter (Q3FY25). Total revenue stood at ₹3,689 crore during the period, up 38% compared with the year-ago quarter. Varun Beverages had also recommended a final dividend of ₹0.5 per equity share for the year ended December 2024.
Earlier this month, Kajaria Ceramics reported a 25.4% YoY decline in its net profit to ₹77.7 crore in Q3FY25, even as revenue for the quarter saw a marginal 1% YoY growth to ₹1,163.7 crore.
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