At 12:20 pm, the Sensex was down 206.21 points or 0.32 percent at 65,191.41, and the Nifty was down 83.60 points or 0.43 percent at 19,459.10. About 632 shares advanced, 2,612 shares declined, and 127 shares unchanged.
Bajaj Finance Ltd: Shares of the company rose 0.5 percent to Rs 7,809. The surge in the share price comes after three consecutive sessions of decline. Recently, brokerage firm Macquarie upgraded the stock to outperform from underperform.
Dr. Reddy’s Laboratories Ltd: Shares of the pharma major rose 0.4 percent to Rs 5,592 on October 23, snapping its two-day losing streak on the bourses. About 2 lakh shares changed hands as against the 1-week average of 4 lakh shares.
ICICI Bank Ltd: Shares of the private lender rose almost a percent to Rs 941, snapping its three-day losing streak on the bourses. The gains come after the bank registered 35.7 percent year-on-year growth in standalone profit and a 24 percent rise in net interest income in the July-September quarter of the fiscal year 2023-24 (Q2), with a significant fall in bad loan provisions.
HUL Ltd: Shares of the bellwether FMCG major rose 0.2 percent to Rs 2,494, after five days of trading in red on the exchanges. In Q2, it reported a standalone net profit of Rs 2,717 crore for the September quarter, up 3.86 percent from the year-ago period. India’s largest FMCG company’s revenue rose 3.53 percent to Rs 15,027 crore from a year ago, the company said in an exchange filing.
Nestle India Ltd: Shares of the maggi-maker rose for the third day in a row on October 23 to Rs 24,300, up 0.02 percent. The company reported a 36 percent surge in consolidated net profit to Rs 908 crore for the September quarter of FY24 as against Rs 668.3 crore a year ago. Total revenue of the company stood at Rs 5,036 crore, rising 9.6 percent from Rs 4,591 crore a year ago, the FMCG major said in a regulatory filing.
Adani Enterprises Ltd: Shares of the flagship Adani firm tanked over 2 percent to Rs 2,330 on October 23. This is the seventh straight session that the stock has fallen. About 8 lakh shares changed hands against the 1-week average of 10 lakh shares.
Adani Ports and Special Economic Zones Ltd: Shares of the port major fell 2 percent to Rs 777 on October 23. Volumes were also low as 12 lakh shares changed hands as against the 1-week average of 26 lakh shares.
LTIMindtree Ltd: Shares of the IT major fell over 2 percent to Rs 5,270 extending gains for the second day in a row. In Q2, the company posted in-line revenue growth in the September quarter on strong deal wins despite a challenging demand environment. The positive commentary from the management buoyed the counter.
Tata Steel Ltd: Shares of the steel major fell nearly 1.5 percent to Rs 121, losing for the fourth day in a row. About 1 crore shares changed hands as against the 1-week average of 3 crore shares.
Tata Motors Ltd: Shares of India’s leading EV manufacturer fell nearly 1.5 percent to Rs 655. Volumes were low as 45 lakh shares changed hands against the 1-week average of 1 crore shares.
