Top gainer: ITC 481 ▲ 9 (+2.0%)
Top loser: IndusInd Bank 1,047 ▼ 232 (-18.1%)
Shares of Dixon Technologies tanked as much as 13.23% to ₹13,062.30
Shares of Dixon Technologies tanked as much as 13.23% to ₹13,062.30 apiece on the BSE on Friday, October 25, a day after the company reported over a three-fold rise in its consolidated net profit to ₹411.7 crore for the September 2024 quarter on strong performance by its Mobile and EMS Division. The stock slumped mainly on account of profit-booking, as the stock has rallied over 100% on a year-to-date (YTD) basis.
Shares of IndusInd Bank were in a free fall on Friday
Shares of IndusInd Bank were in a free fall on Friday, October 25, a day after the lender reported a poor set of numbers for the quarter ended September 30, 2024 (Q2 FY25). The stock declined as much as 17.8% to ₹1,052.05 apiece on the BSE in the morning trade. The bank’s provisions and contingencies ballooned 87% on a year-on-year (YoY) basis to ₹1,820 crore from ₹974 logged in the corresponding quarter of the previous fiscal.
Diversified conglomerate ITC was the outlier in the weak market on Friday, October 25
Diversified conglomerate ITC was the outlier in the weak market on Friday, October 25, as well as among its FMCG peers (HUL, Nestle India), which disappointed Street with their September quarter (Q2 FY25) results. The stock jumped as much as 4.6% to ₹493.50 on the NSE, a day after the company posted a 1.8% increase in consolidated net profit to ₹5,054.43 crore for the quarter. The company posted a consolidated net profit of ₹4,964.52 crore in the year-ago period.