Domestic benchmark indices opened lower on Monday due to weak global cues. Nifty closed at 24,056, remaining above 24,000 despite pressure, while Nifty Midcap 100 and Smallcap 100 fell by 3.55% and 4.57%. Bank Nifty closed at 50,092, breaking support at 50,438.
Here are the stocks that shown bearish movement despite positive results:-
JK Tyre & Industries Ltd
With a market capitalization of Rs 10,760.06 crore, the shares closed at Rs 412.75 per share, decreasing around 4.21 percent as compared to the previous closing price.
According to the company filing, the company’s revenue plummeted by 1 percent on a quarter-on-quarter basis from Rs. 3,698 crores in Q4FY24 to Rs. 3,639 crores in Q1FY25. Further, revenue decreased by 2 percent yearly from Rs 3,718 crores in Q1FY24 to Rs. 3,639 crores in Q1FY25.
The company’s net profit increased by 26 percent on a quarter-on-quarter basis from Rs. 172 crores in Q4FY24 to Rs 218 in Q1FY25. Further, on a year-on-year basis also net profit magnified drastically by 37 percent from Rs. 159 crores in Q1FY24 to Rs. 218 crores in Q1FY25.
JK Tyre & Industries Limited is an Indian tyre manufacturer. The Company and its subsidiaries produce, sell, and distribute car tyres, tubes, flaps, and retreads. The Company’s segments include India, Mexico, and others.
Sarda Energy & Minerals Ltd
With a market capitalization of Rs 8,786.63 crore, the shares were trading at Rs 249.35 per share, decreasing around 3.93 percent as compared to the previous closing price.
According to the company filing, the company’s revenue increased by 4 percent on a quarter-on-quarter basis from Rs. 889 crores in Q4FY24 to Rs. 926 crores in Q1FY25. Further, revenue decreased by 12 percent yearly from Rs 1,052 crores in Q1FY24 to Rs. 926 crores in Q1FY25.
The company’s net profit increased by 125 percent on a quarter-on-quarter basis from Rs. 88 crores in Q4FY24 to Rs 198 in Q1FY25. Further, on a year-on-year basis also net profit magnified drastically by 15 percent from Rs. 172 crore in Q1FY24 to Rs. 198 crore in Q1FY25.
Sarda Energy & Minerals Limited is an Indian firm that operates in the metals, mining, and electricity sectors. Steel, ferro, and power are the three business segments of the company. The
Company produces sponge iron (DRI), billets, ferroalloys, wire rods, HB wires, iron ore, thermal power, hydropower, and pellets.
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Dhanuka Agritech Ltd
With a market capitalization of Rs 8,786.63 crore, the shares were trading at Rs 249.35 per share, decreasing around 3.93 percent as compared to the previous closing price.
According to the company filing, the company’s revenue increased by 34 percent on a quarter-on-quarter basis from Rs. 368 crores in Q4FY24 to Rs. 494 crores in Q1FY25. Further, revenue increased by 34 percent yearly from Rs 369 crores in Q1FY24 to Rs. 494 crores in Q1FY25.
The company’s net profit decreased by 16 percent on a quarter-on-quarter basis from Rs. 59 crores in Q4FY24 to Rs 49 in Q1FY25. Further, on a year-on-year basis also net profit magnified drastically by 48 percent from Rs. 33 crore in Q1FY24 to Rs. 49 crore in Q1FY25.
Dhanuka Agritech Limited is an India-based agrochemical firm. The company manufactures insecticides for Indian farmers. Its product categories include herbicides, fungicides, insecticides, and plant growth regulators.
Written by:- Abhishek Singh
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