Adani Enterprises, Cipla and other stocks that moved most on November 4

Indian equity benchmarks ended in green on Friday with the Sensex rising 113.95 points or 0.19% to settle at 60,950.36. The Nifty ended 64.45 points or 0.36% higher at 18,117.15. The broader indices ended in green with the BSE Midcap index gaining 0.00% and the Small cap index up by 0.41%. 

The top gaining sectoral indices on the BSE were Metal up by 2.90%, Energy up by 0.84%, Oil & Gas up by 0.59%, Industrials up by 0.53% and Capital Goods were up by 0.51%, while Healthcare was down by 0.68%, IT down by 0.35%, TECK down by 0.34%, FMCG down by 0.28%, Consumer Durables down by 0.23% were the top losing indices on BSE.

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Here are the key stocks that moved the most on November 4:

Adani Enterprises: The stock jumped 6.56% to close at Rs 3,825.90 after the company reported a healthy 122% year-on-year growth in consolidated net profit at Rs 432.3 crore for the July-September quarter of the financial year 2023. The growth came on the back of strong operating as well as top-line performance. Revenue surged 189% YoY to Rs 38,175 crore. EBIDTA rose by 69% to Rs 2,136 crore, driven by a strong performance by integrated resource management and airport business.

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Hero MotoCorp: The automaker’s stock fell 1.83% to settle at Rs 2,598 after the company reported a 9% decline in its consolidated net profit to Rs 682 crore for the second quarter that ended September 30, mainly due to enhanced expenses and a slight dip in sales during the period. Revenue from operations rose from Rs 9,158 crore to Rs 8,539 crore in the reported quarter. The company said it sold 14.28 lakh units of motorcycles and scooters in the quarter.

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Cipla: Shares of India’s third largest drugmaker fell 1.47% to close at Rs 1,146.05 despite the company reporting 10.9% YoY growth in consolidated net profit at Rs 788.9 crore for the September quarter of fiscal 2023. The company reported a 5.6% growth in consolidated revenue from operations to Rs 5,828.4 crore. The growth in the company’s topline performance was triggered by a better-than-expected performance in North America.

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GAIL India: The share price ended 1.82% down at Rs 88.90 after the company posted a 46% year-on-year decline in standalone profit after tax at Rs 1,537 crore for the quarter that ended September 30, 2022. Revenue from operations jumped 78% year-on-year to Rs 38,479 crore.

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Vodafone Idea: Shares of the telecom firm ended 1.17% down at Rs 8.45 after the company reported a loss of Rs 7,595.5 crore for the quarter ended September 30, 2022, widening from a loss of Rs 7,296.7 crore in the previous quarter. EBITDA loss widened to Rs 1,558.2 crore from Rs 1,475.9 crore. EBITDA margin slipped to 38.6% from 41.6% during the reported period. Gross revenue for the quarter at Rs 10,614.6 crore rose by 2% on a sequential basis.