On Thursday, 1163 stocks advanced, 2784 declined and 112 remained unchanged, with an advance decline ratio of 0.42 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets. Continuing with the recent trend, the small and mid-cap stocks were under much more pressure than the large caps. Among the big losers today were solar energy stocks, Waaree Energies (-9.29%), Premier Energies (-11.67%), Solex Energy (-10%), KP Energy (-7.11%), Sterling Wilson Renewable (--6.43%) and others. The trend of the major indices on Thursday’s trading is given in the table below.
On NSE, 14 securities advanced and closed at a new 52-week high whereas 155 securities sank to close at their new 52-week lows. In sectoral indices, Nifty IT and Nifty Pharma were among the biggest gainers. Nifty Media, Nifty Energy and Nifty PSU Bank were among the biggest losers.
Tembo Global Industries (+3.75%) subsidiary -- Tembo Defence Products and the Government of Maharashtra have formalized an agreement. The agreement involves a substantial investment of Rs1,000 crore, aimed at strengthening the defense sector in the state.
Adani Energy Solutions (AESL) (-1.30%) secured Bhadla-Fatehpur HVDC Project worth around Rs25,000 crore, which is the largest transmission order ever won by the Adani Group entity. With the latest win, its order book now stands at Rs54,761 crore. The project will evacuate 6 GW of renewable energy from Rajasthan to demand centres in the north.
Royal Orchid Hotels (ROHL) (-2.43%) will be ramping up the room inventory of Regenta Suites Gurgaon, the leading hospitality brand’s one of the oldest hotels in Gurugram, in the Indian state of Haryana. The property plans to add additional 48 suites to the existing property taking the total room count to 115.
JK Tyre & Industries (JK Tyre) (-3.34%) secured a $100 million Sustainability-Linked Loan (SLL) from International Finance Corporation (IFC). The funding includes $30 million to JK Tyre and up to $70 million for Cavendish Industries (CIL), a subsidiary of JK Tyre.
PDS’s wholly owned step-down subsidiary -- PDS Multinational FZCO incorporated a new subsidiary in United Arab Emirates (UAE) by the name of Simple Approach Trading FZCO. The primary goal of incorporating the new subsidiary is to broaden the business by focusing on the supply, distribution, and marketing of apparel and consumer goods. PDS Multinational FZCO has acquired 75% equity shares of Simple Approach Trading FZCO for a total consideration of Rs17.66 lakh.
DB Corp (-2.79%) launched its new English mobile news application, Bhaskar English.
Tanla Platforms (-5.63%) received approval to sell and dispose 100% equity stake in Gamooga Softtech (Gamooga), a wholly owned subsidiary of the company to Karix Mobile (Karix), another wholly owned subsidiary of the Company.
Earnings
HDFC Bank (+1.44%) reported 2.31% rise in its net profit at Rs17,656.61 crore for the quarter ended 31 December 2024 as compared to Rs17,257.87 crore for the same quarter in the previous year. However, total income of the bank decreased by 2.45% at Rs1,12,193.94 crore for Q3FY25 as compared to Rs1,15,015.51 crore for the corresponding quarter previous year.
Dalmia Bharat (-2.58%) reported 75.19% fall in its net profit at Rs66 crore for the quarter ended 31 December 2024 as compared to Rs266 crore for the same quarter in the previous year. Total income of the company decreased by 12.17% at Rs3218 crore for Q3FY25 as compared to Rs3664 crore for the corresponding quarter previous year.
The India Cement (-8.29%) reported a net profit of Rs116.52 crore for the quarter ended 31 December 2024 as compared to a net loss of Rs6.58 crore for the same quarter in the previous year. However, total income of the company fell by 13.43% at Rs987.18 crore for Q3FY25 as compared to Rs1140.33 crore for the corresponding quarter previous year.
Central Bank of India (-1.60%) reported 31.17% rise in its net profit at Rs963.38 crore for the quarter ended 31 December 2024 as compared to Rs734.47 crore for the same quarter in the previous year. Total income of the bank increased by 6.58% at Rs9,774.25 crore for Q3FY25 as compared to Rs9,171.16 crore for the corresponding quarter previous year.
Karur Vysya Bank (-1.76%) reported 20.50% rise in its net profit at Rs496.03 crore for the quarter ended 31 December 2024 as compared to Rs411.63 crore for the same quarter in the previous year. Total income of the bank increased by 18.27% at Rs2953.44 crore for Q3FY25 as compared to Rs2497.17 crore for the corresponding quarter previous year.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
