Mumbai: The share price of Indusind Bank Ltd, Colgate-Palmolive (India) Ltd, ITC, Dixon Technologies (India) Ltd and other companies are in focus on October 25, 2024 (Friday). The trends showed that large number for people are interested in the queries related to the stocks of the mentioned companies.
The Sensex and Nifty opened in Green, however, the indices soon started in negative due to foreign fund outflows and Indusind Bank share price dropping over 16 per cent. The Sensex declined over 400 points to 79,625.33 while Nifty declined 182 points to 24,216.50.
Indusind Bank share price
IndusInd Bank share price plummeted over 16 percent to Rs 1,071.35 at 10:08 am. The stock fell a day after the bank declared its Q2 Results of 2024-25. In its quarterly results, the bank reported a 40 per cent decline in net profit at Rs 1,331 crore. In view of the challenges in the operating environment, the lender decided to set aside an additional Rs 525 crore as prudential provisions.
Colgate-Palmolive India share price
In its July-September quarter results Colgate-Palmolive India Ltd recorded an increase of 16.17 per cent in its net profit at Rs 395.05 crore in the second quarter of 2024-25. In its regulatory filing, the FMCG major had posted a net profit of Rs 340.05 crore in the second quarter of 2023-24. The company’s sales spiked to 10.04 per cent to Rs 1,609.21 crore during the Q2 of 2024-25, as compared to Rs 1,462.38 crore in the corresponding period in the previous financial year. Total expenses increased 13.6 per cent year on year to Rs 1,695.09 crore.
ITC share price
ITC Limited shares were trading in positive with over 3 percent gains at Rs 490.10 apiece at 9:57 am. ITC on October 24 recorded a marginal 1.8 per cent rise in consolidated net profit to Rs 5,054.43 crore in the second quarter of 2024-25. According to a regulatory filing, the firm reported that its revenue from operations increased 15.62 per cent to Rs 22,281.89 crore in the second quarter of the current financial year whereas it stood at Rs 19,270.02 crore in the corresponding quarter of 2023-24.
ITC’s total expenses were 20.92 per cent higher in the Q2 of 2024-25 to Rs 16,056.86 crore while the total income went up 14.86 per cent to Rs 22,897.85 crore as compared to July-September quarter of the previous financial year.
Dixon Technologies share price
Dixon Technologies share price plunged over 8 per cent to 13,846.25 at 10:03 am today. The company engaged in the electronic manufacturing services (EMS) space, registered over three-fold rise in its consolidated net profit to Rs 411.7 crore as compared to Rs 113.36 crore in the July-September period in 2023-24. The company in its regulatory filing mentioned that its revenue from the operations spiked two-fold to Rs 11,534.08 crore as against Rs 4,943.18 crore in the year-ago period.
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