Top gainer: UltraTech Cement 11,031 ▲ 278 (+2.5%)
Top loser: Hindustan Unilever 2,490 ▼ 169 (-6.3%)
HUL shares tumbled nearly 8%
Shares of Hindustan Unilever (HUL), the FMCG giant, tumbled nearly 8% to ₹2,453.10 apiece on the BSE after the company posted a weak set of numbers for the September quarter (Q2 FY25). Further, management commentary that consumer demand in urban markets is moderating unnerved investors.
CARE Ratings’ shares hit upper circuit
Shares of CARE Ratings were locked in the 20% upper circuit limit of ₹1,409.15 apiece on the BSE after the company announced its quarterly earnings on Wednesday. The company reported a 31% year-on-year (YoY) growth in consolidated profit after tax (PAT) at ₹46.88 crore for the July-September quarter (Q2) of financial 2024-25 (FY25).
Sona BLW shares traded 13% higher
Shares of Sona BLW Precision Forgings were trading 13% higher at ₹726.05 apiece on the BSE after the auto components maker reported growth in consolidated profit after tax (PAT) at ₹143.57-crore for the quarter ended September 30, 2024 (Q2 FY25). Revenue from operations for the quarter under review was ₹922.18 crore, up 17% from ₹787.46 crore during Q2 FY24.