The NSE Nifty 50 and BSE Sensex were trading in losses during noon. The indices were 0.74% and 0.58% down, respectively, as of 12:05 p.m.
Power Finance Corp Ltd., Senco Gold Ltd., Deepak Nitrite Ltd., ITC Ltd., Godfrey Phillips India Ltd., Manappuram Finance Ltd. were in news around noon.
PFC
Power Finance Corp share price declined after CLSA expressed concern regarding loan growth in the ongoing financial year. Power Finance Corp share price declined 2.16% to Rs 376.20 apiece today.
Although Power Finance Corp. reported higher net profit than what CLSA expected for October–December 2024, loan growth was below the brokerage's estimate.
Senco Gold
Shares of Senco Gold Ltd. fell nearly 19% on Friday, hitting an 11-month low and seeing the sharpest decline since its listing in 2023. In addition, the shares were at 17 times its 30-day average.
Shares of Senco Gold fell as much as 18.81% to Rs 362.90 apiece, the lowest level since March 20, 2024.
Deepak Nitrite
Shares of Deepak Nitrite Ltd. plummeted to a 15-month low on Friday, hitting the lower circuit limit, after the company reported disappointing third-quarter earnings. The stock initially fell by 10%, triggering the lower circuit, which was subsequently revised, allowing the stock to decline further to 13%. This sharp drop reflects investor concerns about the company's financial performance.
The scrip fell as much as 13.47% to 1,936.75 apiece.
ITC
Shares of ITC Hotels Ltd. fell over 2% on Friday, after British American Tobacco Plc, the largest shareholder in ITC Ltd., confirmed that it will soon be reducing stake in the hotels business.
Shares of ITC Hotels fell as much as 2.86% to Rs 165 apiece, the lowest level since Feb. 5.
Godfrey Phillips
Shares of Godfrey Phillips India Ltd. jumped 10% on Friday, after it reported a 49% surge in its net profit for the third quarter of the current fiscal.
Godfrey Phillips' share price rose as much as 10.01% to Rs 5,499.9 apiece in early trade.
Manappuram Finance
Manappuram Finance's share price witnessed a decline of 10% following the release of its third-quarter fiscal year 2025 results. The company reported a significant drop in net profit, though revenue showed modest growth. Brokerages, while acknowledging the weaker performance, have maintained a stable outlook on the stock, citing various factors influencing their assessments.
The scrip fell as much as 10% to Rs 174.65 apiece.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
