Analysis
Forty-eight of Nifty 200 missed Oct-Dec estimate but shares rose, 47 beat but fell
This story was originally published at 22:21 IST on 27 February 2025
Register to read our real-time news.Informist, Thursday, Feb. 27, 2025
By Akash Mandal
MUMBAI – Shares of as many as 48 of the Nifty 200 companies rose immediately after their December quarter earnings were announced, despite these companies missing analysts' estimates on net profit! On the other hand, shares of as many as 47 of these 200 fell immediately after their earnings were announced, despite these companies beating analysts' estimates! Nobody understands the market; or so it would seem.
On the other hand, shares of only 43 companies had risen because their December quarter earnings beat analysts' expectations and shares of 38 companies had fallen because their December earnings did not meet consensus estimates, an analysis of share price movements after the earnings disclosures showed. Shares of the three companies, whose net profit were in line with estimates, fell.
Of the 21 companies that did not have enough estimates to form a consensus, shares of 13 companies fell immediately after they reported their quarterly results, while shares of eight 8 rose. The analysis is based on the closing share price on the day of the earnings if these were announced during market hours and the closing price of the next day if the earnings were declared after market hours. The closing price Tuesday is the latest price in the story.
GAINERS, LOSERS
HCL Technologies Ltd., Apollo Hospitals Enterprise Ltd., and ICICI Prudential Life Insurance Co. Ltd. were the worst hit among companies that had beat the consensus estimate – they had fallen nearly 9%, 7%, and 6%, respectively, after their earnings were announced. HCL Technologies is currently down nearly 18% since the earnings, primarily because company reported lower-than-expected revenue for the quarter. Apollo Hospitals is currently down 8%. ICICI Prudential is now nearly 11% down since its earnings. After its earnings, brokerage Nuvama Institutional Equities had pointed out the company's new business margin had fallen sequentially as the product mix had changed in favour of the low-margin and group savings businesses.
Seven of the 47 stocks that fell after beating consensus estimates have reversed losses and are up, with Shriram Finance Ltd. being the top gainer at 7%. Others are JSW Steel Ltd., ABB India Ltd., Jindal Steel & Power Ltd., Cipla Ltd., Balkrishna Industries Ltd., and Power Finance Corp Ltd., all up 1-3%. On the downside, of the 40 that are still down despite beating earnings estimates the worst hit are IRB Infrastructure Developers Ltd., HCL Technologies, and PI Industries Ltd., all down 15-19%.
Of the 48 stocks that rose after earnings despite missing consensus estimates, Kalyan Jewellers India Ltd. was the top gainer, rising over 14% immediately after reporting its results despite missing its bottom line estimates by a wide margin. The stock is currently up over 8%. Bharti Hexacom Ltd. and Coforge Ltd., which were up nearly 12?ter the earnings, are now down around 5% and 7%, respectively.
Of these 48 stocks, only 18 have retained their gains since their earnings announcements. Of these 18, SBI Cards and Payment Services Ltd. is the top gainer and is up 11%. Meanwhile, Bharat Dynamics Ltd. and One 97 Communications Ltd. were big losers and are down 15% and 16%, respectively.
Looking at market reaction that was more along expected lines, only 38 of the Nifty 200 companies fell immediately after announcing earnings that missed estimates. Voltas saw the biggest fall and was down almost 14?ter its earnings as margins for the company's unitary cooling products segment, the largest contributor to its revenue, contracted in the December quarter. The company's market share in room air-conditioners also fell by 50 basis points, Motilal Oswal Financial Services had said in a post-earnings report. The stock is still down 14% since earnings. Dixon Technologies (India) Ltd. had also fallen nearly 14% post earnings, and is currently down over 19%, after the company had posted its slowest bottom line growth in three quarters in Oct-Dec. The company's top line growth had also slowed down sequentially.
Of these 38 companies whose share prices fell as their earnings disappointed, shares of only three have managed to reverse the losses and are up since their earnings - Sundaram Finance Ltd., Rail Vikas Nigam Ltd., and Maruti Suzuki India Ltd. These stocks are up 1-2?ter being down 1-5% post earnings. Despite missing estimates on bottom line, Sundaram Finance's net profit for the December quarter had risen 16% on year on the back of steady growth in loan disbursements. Oberoi Realty Ltd. and Dixon Technologies were the worst hit among these 38 stocks, and are down 23% and 19% since their earnings, respectively.
Shares of 43 companies of the Nifty 200 had risen after announcing earnings that beat estimates. Among these, Kotak Mahindra Bank Ltd. was the top gainer and rising 9%. Analysts had attributed the surge in shares of Kotak Mahindra Bank to the bank reporting higher loan and deposit growth for the quarter as compared to the industry. The stock is currently up 12% since its earnings.
NLC India Ltd. rose almost 8% right after its Oct-Dec earnings. The stock had fallen 5% ahead of its earnings, but rose after its earnings showed consolidated net profit for the quarter tripled on year, while revenue rose 40%. The stock has since lost all its gains and is only slightly up since earnings. SRF Ltd. had also risen over 6% immediately after its December results because the company reported its first year-on-year rise in bottom line in seven quarters. The stock has come off highs but is still up around 4% since earnings.
Shares of only 20 of these 43 companies which had risen after they beat consensus estimates are still up since their earnings. Among these, Kotak Mahindra Bank is the top performer. UPL Ltd. is also up 10% post earnings as the stock extended the 3% rise it saw after the company had announced its earnings. On the other hand, shares of Mangalore Refinery and Petrochemicals Ltd. and Housing & Urban Development Corp. Ltd., which had both risen slightly after their earnings, have plunged over 20% post earnings. While Mangalore Refinery had reported better-than-expected net profit for the December quarter, its bottom line fell 21% on year.
Shares of all three companies which reported a net profit in line with estimates had fallen after reporting earnings. These were Escorts Kubota Ltd., Polycab India Ltd., and Marico Ltd. All three are currently down 8-11?ter initially falling 1-5% since earnings.
Indian Renewable Energy Development Agency Ltd., which had fallen 7?ter announcing its earnings, was the top loser among the 13 shares that had fallen among the 21 companies which did not have enough estimates to form a consensus on net profit. The stock is currently down 20% since earnings. Among the remaining eight stocks that had risen post earnings, Bajaj Holdings & Investment Ltd. rose 3% and was the top gainer. The stock is currently up 4% since earnings.
The Nifty 200 index has fallen 5% since Jan. 9, when the earnings season for Oct-Dec had begun. Since that date, 125 of the 200 have underperformed the Nifty 200 index. Oracle Financial Services is the worst performer and is down 28% since the Jan. 9 start of the earnings season, with most of the fall coming after the company reported its results. The company's consolidated net profit for the quarter declined 6% sequentially, while the growth in the company's expenses outpaced growth in top line. Oberoi Realty is the top loser among the Nifty 200 and has fallen over 27% since the start of the earnings season. The company's sales for the quarter missed estimates by around 50%.
Of the Nifty 200 companies, 90 have beat analysts' estimates on net profit, while 86 have missed the Street's view. Of these 200 companies, enough estimates were not available on 21 companies.
Of the Nifty 200, shares of 101 companies fell right after their December quarter results were declared, and fell more than 3% on an average. These 100 shares have fallen further since then, and are now down over 8.5% on an average.
INDEXWISE LOSERS, GAINERS
Of the Nifty 50, 26 companies have beat estimates, while 22 did not. There were no estimates for two companies. The 22 companies which missed estimates have fallen almost 5% on an average since their earnings were declared. Shares of Dr. Reddy's Laboratories Ltd. and Tata Motors Ltd. have fallen the most, declining over 12?ch after their earnings disappointed. HDFC Life Insurance Company Ltd., on the other hand, has gained 5% since its earnings despite missing estimates.
The 26 companies which beat estimates have also fallen - by 2.2% on an average since the earnings. HCL Technologies has fared the worst after earnings. Kotak Mahindra Bank and Bajaj Finance Ltd. are up 12% and 9%, respectively, since their December quarter earnings.
Among the companies which are a part of the Nifty Next 50, 23 beat analysts' estimates on net profit, while 19 missed this estimate. Shares of these 50 companies have declined over 5% on an average since their earnings. Shares of the companies in this index which have beat the consensus have been worse hit than those that have missed the consensus. Consensus estimate-beating stocks are down over 4% since their earnings whereas estimate missing stocks are down a tad under 4%. Among losers, Jio Financial Services Ltd. and Adani Green Energy Ltd. are down 18% and 19%, respectively. Among gainers, Union Bank of India and Macrotech Developers Ltd. have risen 10% and 9%, respectively.
The Nifty Midcap 100, which are the bottom 100 of the Nifty 200, have been the worst hit and have fallen nearly 7% since these companies reported their respective earnings. In this index group, shares of companies which have beat estimates have fallen nearly 6% on an average after earnings, while those which have missed have fallen over 6%.
Mangalore Refinery and Petrochemicals Ltd., Housing & Urban Development Corp. Ltd., and IRB Infrastructure Developers Ltd. are all down 19-21% and are the worst losers despite beating estimates. On the other hand, Suzlon Energy Ltd. and UPL Ltd. beat estimates and are up 9% and 10%, respectively. Among stocks in the index which missed estimates, Dixon Technologies and Oberoi Realty were the worst hit. SBI Cards and Payment Services Ltd. gained 11?ter beating estimates.
Of the entire Nifty 200, 150 have declined since their Oct-Dec earnings whereas 50 have fallen after rising post earnings.
OUTPERFORMING SECTORS
Shares of companies across only three sectors had risen on an average immediately after these companies reported their earnings, these sectors being basic industries, information technology, and banking, financial services, and insurance. However, shares across all sectors are currently down on an average since earnings.
Stocks in the basic industries sector had risen almost 1% on an average after earnings. However, these stocks are currently down nearly 3% since earnings. Bharat Heavy Electricals Ltd. was the top gainer among these companies and had risen nearly 7% post earnings. The stock is currently up 4%. Steel Authority of India Ltd., which had risen nearly 6?ter announcing its results, is still trading 6% higher.
Shares of companies in the information technology sector rose 0.4% on average after these companies declared their results. However, these stocks are now down 4.5% since earnings. Coforge Ltd. and Persistent Systems Ltd. were the biggest gainers and had risen 12% and 11%, respectively, after reporting their financials for the quarter. While Persistent Systems down 3% and Coforge has fallen 7% since earnings.
UNDERPERFORMING SECTORS
Energy is by far the worst hit sector post earnings, with shares of companies in this segment extending losses and falling 7% on an average since earnings after being down 0.6% immediately post these companies reported their results. Shares of Petronet LNG Ltd. had fallen over 6?ter the company had reported their results. The stock is still down 6% since reporting its earnings. JSW Energy Ltd. has extended losses and is currently down over 7?ter the stock had fallen 6% post the company's earnings.
Consumer is another sector that has underperformed, with shares across the segment falling over 6% on an average since their December quarter earnings. Shares across the sector were down over 1% on an average immediately after reporting their results. Voltas and Dixon Technologies are the worst hit in the sector post earnings.
Irrespective of the earnings performance, 102 of the Nifty 200 fell after their earnings while 98 rose. Nobody understands the market, but the market is always right; though it may not always seem so.
The following table shows the price movement after the Oct-Dec earnings for 48 companies whose shares rose despite their earnings missing the consensus estimate. The data is in descending order by percentage change in share price after the earnings:
| Name of the company | Share price before Oct-Dec earnings (in INR) | Share price after Oct-Dec earnings (in INR) | Share price % change after earnings | Closing price Tue, Feb 25 (in INR) | Share price % change since earnings |
| Kalyan Jewellers India | 440.65 | 503.10 | 14.17 | 478.05 | 8.49 |
| Bharti Hexacom | 1,310.40 | 1,465.80 | 11.86 | 1,246.60 | -4.87 |
| Coforge | 8,228.20 | 9,196.45 | 11.77 | 7,633.75 | -7.22 |
| Persistent Systems | 5,683.15 | 6,287.70 | 10.64 | 5,508.10 | -3.08 |
| KPIT Technologies | 1,265.85 | 1,370.05 | 8.23 | 1,285.50 | 1.55 |
| HDFC Life Insurance Company | 594.20 | 641.40 | 7.94 | 622.15 | 4.70 |
| Bharat Heavy Electricals | 187.62 | 199.86 | 6.52 | 194.61 | 3.73 |
| Wipro | 281.95 | 300.25 | 6.49 | 291.30 | 3.32 |
| Tata Consumer Products | 966.70 | 1,024.65 | 5.99 | 1,004.85 | 3.95 |
| Steel Authority of India | 100.02 | 105.75 | 5.73 | 106.17 | 6.15 |
| Pidilite Industries | 2,754.75 | 2,909.65 | 5.62 | 2,696.50 | -2.11 |
| Larsen & Toubro | 3,420.95 | 3,567.40 | 4.28 | 3,225.90 | -5.70 |
| PB Fintech | 1,656.10 | 1,726.80 | 4.27 | 1,505.50 | -9.09 |
| Max Healthcare Institute | 1,001.20 | 1,043.85 | 4.26 | 1,022.90 | 2.17 |
| Shree Cement | 26,830.50 | 27,795.90 | 3.60 | 28,197.45 | 5.09 |
| Container Corporation of India | 756.25 | 780.10 | 3.15 | 675.95 | -10.62 |
| TVS Motor Company | 2,264.40 | 2,335.80 | 3.15 | 2,360.65 | 4.25 |
| Siemens | 5,050.00 | 5,199.15 | 2.95 | 4,837.75 | -4.20 |
| BSE | 5,567.55 | 5,726.10 | 2.85 | 5,502.00 | -1.18 |
| Exide Industries | 343.35 | 353.10 | 2.84 | 363.85 | 5.97 |
| Torrent Pharmaceuticals | 3,248.40 | 3,337.75 | 2.75 | 3,031.05 | -6.69 |
| Bajaj Auto | 8,398.40 | 8,625.85 | 2.71 | 8,417.90 | 0.23 |
| Astral | 1,467.75 | 1,507.30 | 2.69 | 1,389.45 | -5.33 |
| The Phoenix Mills | 1,599.15 | 1,641.80 | 2.67 | 1,562.45 | -2.29 |
| One 97 Communications | 876.00 | 898.60 | 2.58 | 734.70 | -16.13 |
| Jubilant Foodworks | 645.45 | 662.10 | 2.58 | 680.95 | 5.50 |
| Tata Communications | 1,636.55 | 1,677.95 | 2.53 | 1,405.45 | -14.12 |
| MRF | 1,11,488.80 | 1,14,128.90 | 2.37 | 1,07,203.95 | -3.84 |
| Apollo Tyres | 416.40 | 426.15 | 2.34 | 398.95 | -4.19 |
| Info Edge (India) | 7,767.05 | 7,941.15 | 2.24 | 7,323.65 | -5.71 |
| CG Power and Industrial Solutions | 563.20 | 574.95 | 2.09 | 598.50 | 6.27 |
| Colgate Palmolive (India) | 2,679.40 | 2,731.90 | 1.96 | 2,520.00 | -5.95 |
| HDFC Bank | 1,637.90 | 1,666.05 | 1.72 | 1,682.35 | 2.71 |
| Biocon | 357.00 | 362.55 | 1.55 | 321.20 | -10.03 |
| Mahindra & Mahindra | 3,155.75 | 3,198.45 | 1.35 | 2,777.85 | -11.97 |
| Prestige Estates Projects | 1,342.35 | 1,359.50 | 1.28 | 1,192.00 | -11.20 |
| Tata Power Company | 362.05 | 366.20 | 1.15 | 351.50 | -2.91 |
| Havells India | 1,558.25 | 1,574.20 | 1.02 | 1,547.90 | -0.66 |
| REC | 437 | 441.2 | 0.96 | 383.60 | -12.22 |
| Nestle India | 2292 | 2313.2 | 0.92 | 2,250.40 | -1.82 |
| Bharat Dynamics | 1203.25 | 1212.45 | 0.76 | 1,023.70 | -14.92 |
| Grasim Industries | 2473.25 | 2491.45 | 0.74 | 2,379.30 | -3.80 |
| NMDC | 64.69 | 65.13 | 0.68 | 64.81 | 0.19 |
| Power Grid Corporation of India | 283.8 | 285.65 | 0.65 | 255.75 | -9.88 |
| InterGlobe Aviation | 4161.7998 | 4175.75 | 0.34 | 4,427.45 | 6.38 |
| SBI Cards and Payment Services | 759.1 | 761.4 | 0.30 | 840.70 | 10.75 |
| GMR Airports | 71.06 | 71.26 | 0.28 | 69.77 | -1.82 |
| Indian Oil Corporation | 123.96 | 124.17 | 0.17 | 118.65 | -4.28 |
The following table shows the price movement after the Oct-Dec earnings for 47 companies whose shares fell despite their earnings beating the consensus estimate. The data is in descending order by percentage change in share price after the earnings:
| Name of the company | Share price before Oct-Dec earnings (in INR) | Share price after Oct-Dec earnings (in INR) | Share price % change after earnings | Closing price Tue, Feb 25 (in INR) | Share price % change since earnings |
| Dabur India | 530.60 | 529.85 | -0.14 | 510.95 | -3.70 |
| Mazagon Dock Shipbuilders | 2,238.25 | 2,230.20 | -0.36 | 2,123.25 | -5.14 |
| HDFC Asset Management Company | 3,886.50 | 3,865.05 | -0.55 | 3,765.25 | -3.12 |
| Hindustan Aeronautics | 3,614.80 | 3,594.15 | -0.57 | 3,287.40 | -9.06 |
| GAIL (India) | 168.21 | 167.11 | -0.65 | 160.74 | -4.44 |
| Mahindra & Mahindra Financial Services | 272.00 | 270.00 | -0.74 | 271.00 | -0.37 |
| Sun Pharmaceutical Industries | 1,756.20 | 1,742.20 | -0.80 | 1,613.60 | -8.12 |
| State Bank of India | 759.00 | 752.25 | -0.89 | 710.90 | -6.34 |
| Hindustan Unilever | 2,342.95 | 2,321.70 | -0.91 | 2,259.30 | -3.57 |
| APL Apollo Tubes | 1,609.95 | 1,590.05 | -1.24 | 1,464.65 | -9.03 |
| ICICI Lombard General Insurance Company | 1,948.75 | 1,922.70 | -1.34 | 1,687.75 | -13.39 |
| Patanjali Foods | 1,851.55 | 1,825.55 | -1.40 | 1,825.45 | -1.41 |
| JSW Steel | 932.45 | 919.35 | -1.40 | 958.75 | 2.82 |
| Torrent Power | 1,352.80 | 1,333.65 | -1.42 | 1,322.50 | -2.24 |
| Samvardhana Motherson International | 128.26 | 126.21 | -1.60 | 125.64 | -2.04 |
| Power Finance Corporation | 380.00 | 373.85 | -1.62 | 381.95 | 0.51 |
| Alkem Laboratories | 5,237.00 | 5,151.35 | -1.64 | 4,563.70 | -12.86 |
| Britannia Industries | 4,956.05 | 4,870.50 | -1.73 | 4,798.05 | -3.19 |
| ABB India Ltd | 5,241.90 | 5,142.05 | -1.90 | 5,301.80 | 1.14 |
| Lupin | 2,067.60 | 2,025.20 | -2.05 | 1,899.20 | -8.14 |
| United Spirits | 1,500.65 | 1,469.75 | -2.06 | 1,346.10 | -10.30 |
| Tata Technologies | 816.85 | 798.90 | -2.20 | 731.15 | -10.49 |
| LIC Housing Finance | 598.10 | 584.70 | -2.24 | 521.45 | -12.82 |
| Bharat Petroleum Corporation | 277.60 | 271.25 | -2.29 | 248.45 | -10.50 |
| ITC | 441.10 | 430.85 | -2.32 | 404.85 | -8.22 |
| Cipla | 1,455.35 | 1,420.60 | -2.39 | 1,463.35 | 0.55 |
| ACC | 2,044.80 | 1,995.40 | -2.42 | 1,834.05 | -10.31 |
| The Indian Hotels Company | 813.35 | 793.00 | -2.50 | 724.65 | -10.91 |
| Ambuja Cements | 535.85 | 522.10 | -2.57 | 469.25 | -12.43 |
| PI Industries | 3,641.45 | 3,543.85 | -2.68 | 3,084.80 | -15.29 |
| IRB Infrastructure Developers | 57.32 | 55.67 | -2.88 | 46.38 | -19.09 |
| SJVN | 92.57 | 89.75 | -3.05 | 89.53 | -3.28 |
| Sona BLW Precision Forgings | 542.60 | 525.05 | -3.23 | 508.90 | -6.21 |
| Balkrishna Industries | 2,652.20 | 2,564.65 | -3.30 | 2,678.70 | 1.00 |
| Solar Industries India | 9,983.55 | 9,653.75 | -3.30 | 8,870.10 | -11.15 |
| Hindustan Zinc | 449.15 | 433.20 | -3.55 | 407.25 | -9.33 |
| Cochin Shipyard | 1,411.45 | 1,360.90 | -3.58 | 1,304.65 | -7.57 |
| Page Industries | 47,499.70 | 45,795.15 | -3.59 | 41,929.55 | -11.73 |
| Bank of Baroda | 222.39 | 213.39 | -4.05 | 204.77 | -7.92 |
| Axis Bank | 1038 | 991.05 | -4.52 | 1009.1 | -2.78 |
| Canara Bank | 96.5 | 91.93 | -4.74 | 85.02 | -11.90 |
| Shriram Finance | 537.3 | 511.65 | -4.77 | 574.25 | 6.88 |
| Vodafone Idea | 8.82 | 8.39 | -4.88 | 7.91 | -10.32 |
| Jindal Steel & Power | 840.05 | 791.55 | -5.77 | 856.8 | 1.99 |
| ICICI Prudential Life Insurance Company | 635.55 | 598.05 | -5.90 | 566.7 | -10.83 |
| Apollo Hospitals Enterprise | 6761.25 | 6317.3501 | -6.57 | 6251.35 | -7.54 |
| HCL Technologies | 1989.4 | 1813.55 | -8.84 | 1636.1 | -17.76 |
The following table shows the price movement after the Oct-Dec earnings for 43 companies whose shares rose after their earnings beat the consensus estimate. The data is in descending order by percentage change in share price after the earnings:
| Name of the company | Share price before Oct-Dec earnings (in INR) | Share price after Oct-Dec earnings (in INR) | Share price % change after earnings | Closing price Tue, Feb 25 (in INR) | Share price % change since earnings |
| Kotak Mahindra Bank | 1,758.60 | 1,920.50 | 9.21 | 1,967.25 | 11.86 |
| NLC India | 211.34 | 227.74 | 7.76 | 211.78 | 0.21 |
| SRF | 2,664.85 | 2,831.15 | 6.24 | 2,768.05 | 3.87 |
| Muthoot Finance | 2,182.85 | 2,317.80 | 6.18 | 2,183.25 | 0.02 |
| Bank of India | 98.37 | 104.29 | 6.02 | 98.08 | -0.29 |
| Tata Consultancy Services | 4,038.85 | 4,265.65 | 5.62 | 3,629.55 | -10.13 |
| JSW Infrastructure | 262.80 | 276.65 | 5.27 | 256.20 | -2.51 |
| Suzlon Energy | 50.26 | 52.77 | 4.99 | 54.58 | 8.60 |
| Union Bank of India | 105.59 | 110.57 | 4.72 | 116.29 | 10.13 |
| UltraTech Cement | 10,931.00 | 11,420.90 | 4.48 | 10,964.15 | 0.30 |
| AU Small Finance Bank | 572.90 | 594.65 | 3.80 | 524.25 | -8.49 |
| Ashok Leyland | 211.53 | 219.35 | 3.70 | 227.23 | 7.42 |
| Bharti Airtel | 1,619.75 | 1,676.75 | 3.52 | 1,641.40 | 1.34 |
| Divi's Laboratories | 5,697.85 | 5,884.10 | 3.27 | 5,726.40 | 0.50 |
| Aditya Birla Fashion and Retail | 247.60 | 255.55 | 3.21 | 248.55 | 0.38 |
| MphasiS | 2,918.95 | 3,009.30 | 3.10 | 2,452.90 | -15.97 |
| UPL | 586.55 | 603.75 | 2.93 | 647.50 | 10.39 |
| Reliance Industries | 1,266.45 | 1,302.35 | 2.83 | 1,204.00 | -4.93 |
| IndusInd Bank | 991.20 | 1,009.40 | 1.84 | 1,034.25 | 4.34 |
| Bajaj Finance | 7,759.65 | 7,901.65 | 1.83 | 8,488.80 | 9.40 |
| Tata Steel | 126.37 | 128.62 | 1.78 | 137.07 | 8.47 |
| Bharat Electronics | 274.25 | 278.75 | 1.64 | 256.65 | -6.42 |
| ICICI Bank | 1,209.20 | 1,227.95 | 1.55 | 1,224.15 | 1.24 |
| Cummins India | 2,921.15 | 2,965.10 | 1.50 | 2,788.15 | -4.55 |
| Indraprastha Gas | 188.75 | 191.40 | 1.40 | 198.18 | 5.00 |
| Yes Bank | 18.24 | 18.49 | 1.37 | 17.79 | -2.47 |
| DLF | 695.25 | 703.90 | 1.24 | 656.80 | -5.53 |
| L&T Finance | 144.47 | 146.07 | 1.11 | 133.49 | -7.60 |
| Indian Railway Catering And Tourism Corporation | 750.95 | 759.15 | 1.09 | 710.35 | -5.41 |
| Hero MotoCorp | 4,230.05 | 4,274.65 | 1.05 | 3,828.25 | -9.50 |
| Varun Beverages | 542.80 | 548.45 | 1.04 | 476.50 | -12.21 |
| Tech Mahindra | 1,660.30 | 1,674.60 | 0.86 | 1,593.95 | -4.00 |
| Vedanta | 438.00 | 441.40 | 0.78 | 409.25 | -6.56 |
| Hindalco Industries | 602.50 | 606.20 | 0.61 | 619.45 | 2.81 |
| Indus Towers | 366.60 | 367.95 | 0.37 | 331.60 | -9.55 |
| Macrotech Developers | 1,099.55 | 1,103.50 | 0.36 | 1,196.60 | 8.83 |
| Cholamandalam Investment and Finance Company | 1,281.70 | 1,285.85 | 0.32 | 1,367.80 | 6.72 |
| SBI Life Insurance Company | 1,536.80 | 1,540.50 | 0.24 | 1,471.75 | -4.23 |
| Punjab National Bank | 100.96 | 101.2 | 0.24 | 93.12 | -7.77 |
| Housing & Urban Development Corporation | 226.93 | 227.46 | 0.23 | 178.21 | -21.47 |
| Indian Bank | 544 | 544.75 | 0.14 | 522 | -4.04 |
| Mangalore Refinery and Petrochemicals | 143.85 | 143.88 | 0.02 | 114.31 | -20.54 |
| Zydus Lifesciences | 976.9 | 977 | 0.01 | 882.95 | -9.62 |
The following table shows the price movement after the Oct-Dec earnings for 38 companies whose shares fell after their earnings missed consensus estimate. The data is in descending order by percentage change in share price after the earnings:
| Name of the company | Share price before Oct-Dec earnings (in INR) | Share price after Oct-Dec earnings (in INR) | Share price % change after earnings | Closing price Tue, Feb 25 (in INR) | Share price % change since earnings |
| Aurobindo Pharma | 1,191.80 | 1,191.70 | -0.01 | 1,081.05 | -9.29 |
| Godrej Properties | 2,396.85 | 2,389.85 | -0.29 | 1,987.05 | -17.10 |
| Godrej Consumer Products | 1,130.35 | 1,126.65 | -0.33 | 1,057.10 | -6.48 |
| NTPC | 323.65 | 322.20 | -0.45 | 318.70 | -1.53 |
| Supreme Industries | 4,066.90 | 4,021.90 | -1.11 | 3,575.95 | -12.07 |
| Asian Paints | 2,382.45 | 2,354.35 | -1.18 | 2,224.75 | -6.62 |
| Coal India | 375.75 | 370.65 | -1.36 | 361.15 | -3.89 |
| Sundaram Finance | 4,376.35 | 4,311.70 | -1.48 | 4,479.60 | 2.36 |
| LTIMindtree | 5,978.80 | 5,890.30 | -1.48 | 4,963.20 | -16.99 |
| FSN E-Commerce Ventures | 169.44 | 166.83 | -1.54 | 163.14 | -3.72 |
| NHPC | 77.43 | 76.17 | -1.63 | 76.01 | -1.83 |
| Oil & Natural Gas Corporation | 262.61 | 257.55 | -1.93 | 233.00 | -11.28 |
| Maruti Suzuki India | 12,225.15 | 11,977.90 | -2.02 | 12,476.35 | 2.05 |
| Adani Ports and Special Economic Zone | 1,105.20 | 1,077.05 | -2.55 | 1,080.35 | -2.25 |
| Hindustan Petroleum Corporation | 362.10 | 352.85 | -2.55 | 309.85 | -14.43 |
| Bharat Forge | 1,104.65 | 1,076.20 | -2.58 | 1,045.20 | -5.38 |
| Tata Chemicals | 946.55 | 918.50 | -2.96 | 827.70 | -12.56 |
| Titan Company | 3,597.70 | 3,490.90 | -2.97 | 3,198.80 | -11.09 |
| The Federal Bank | 191.14 | 184.10 | -3.68 | 178.71 | -6.50 |
| Oil India | 424.80 | 405.25 | -4.60 | 372.40 | -12.34 |
| Rail Vikas Nigam | 359.90 | 342.45 | -4.85 | 363.50 | 1.00 |
| Avenue Supermarts | 3,686.25 | 3,507.45 | -4.85 | 3,530.75 | -4.22 |
| Mankind Pharma | 2,635.05 | 2,506.90 | -4.86 | 2,342.10 | -11.12 |
| Dr. Reddy's Laboratories | 1,289.40 | 1,224.40 | -5.04 | 1,128.15 | -12.51 |
| Bosch | 29,797.05 | 28,155.70 | -5.51 | 27,164.55 | -8.83 |
| Delhivery | 315.10 | 297.25 | -5.66 | 261.90 | -16.88 |
| JSW Energy | 504.00 | 474.75 | -5.80 | 467.25 | -7.29 |
| Infosys | 1,928.45 | 1,815.45 | -5.86 | 1,767.70 | -8.34 |
| Trent | 5,638.50 | 5,277.10 | -6.41 | 4,959.90 | -12.04 |
| Petronet LNG | 310.80 | 290.55 | -6.52 | 291.50 | -6.21 |
| Eicher Motors | 5,335.35 | 4,972.35 | -6.80 | 4,989.80 | -6.48 |
| Tata Elxsi | 6,439.95 | 6,000.60 | -6.82 | 5,695.65 | -11.56 |
| Oberoi Realty | 2,002.90 | 1,858.05 | -7.23 | 1,543.35 | -22.94 |
| Tata Motors | 752.50 | 696.85 | -7.40 | 661.60 | -12.08 |
| IDFC First Bank | 62.27 | 56.73 | -8.90 | 58.81 | -5.56 |
| Zomato | 241.95 | 214.55 | -11.32 | 225.63 | -6.75 |
| Dixon Technologies (India) | 17,559.45 | 15,144.35 | -13.75 | 14,151.60 | -19.41 |
| Voltas | 1,474.10 | 1,269.30 | -13.89 | 1,277.70 | -13.32 |
End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Deepshikha Bhardwaj
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
