6:00 PM Mumbai – Stocks in Mumbai traded down and investors focused on corporate earnings. Ashok Leyland sales in April soared 43%. Kotak Mahindra quarterly net climbed 29%. Mangalam Cement net plunged 65%. DLF Limited plans to raise ₹3,600 crore of $450 million through a debt and stock offering.
Market indexes on Dalal Street struggled and investors focused on corporate earnings news as the rupee trended lower.
Rupee eased 2 paisa 63.44.
The Sensex Index fell 50.45 to close at 27,440.14. The CNX Nifty slid 7.15 to 8,324.80.
Gainers & Losers
Ashok Leyland Limited
fell 0.9% to ₹70.65 after the commercial vehicle maker said April total sales in the month climbed 43% to 8,435 units compared to 5,897 units in the same period a year ago.
The company added medium and heavy commercial vehicle sales soared 45% to 6,549 units from 4,523 units and light commercial vehicle sales climbed 37% to 1,886 units from 1,374 units a year ago.
rose 0.7% to ₹139.30 after the infrastructure developer plans to raise ₹3,600 crore this quarter in a public offering.
Jubilant Industries Limited
soared 19.9% to ₹118.30 after the specialty polymers supplier said net in the fourth-quarter swung to a loss of ₹54.39 crore compared to profit of ₹75.52 crore in the same period last year.
Net sales in the quarter slipped 9.50% to ₹186.05 crore.
Kotak Mahindra Bank Limited
climbed 6.5% to ₹1,423.65 after the largest private bank said net in the fourth-quarter soared 29.46% to ₹527.14 crore.
Total revenues jumped 27.26% to ₹3,249.08 crore.
Mangalam Cement Ltd
declined 5.1% to ₹254.80 after the cement maker said net in the quarter plunged 64.8% to ₹2.72 crore.
Total sales in the quarter advanced 8.5% to ₹239.79 crore.
Omkar Speciality Chemicals Limited
jumped 5.1% to ₹149.40after the chemical maker received orders worth ₹100 crore.
V-Guard Industries Limited
dropped 2.6% to ₹982.25 after the consumer products maker said net in the fourth-quarter slid 2% to ₹20.07 crore.
Net sales in the quarter increased 4.9% to ₹439.53 crore.