Top market news today - 24th October 2024

Top gainer: UltraTech Cement 11,031 ▲ 278 (+2.5%)
Top loser: Hindustan Unilever 2,490 ▼ 169 (-6.3%)

:star: 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.

:star: 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).

:star: 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.