Tue Feb 04 07:58:29 UTC 2025: **Market Movers & Shakers: Premier Energies Plunges on Q4 Loss, While Others Soar**

**Mumbai, February 4, 2025** – The Indian stock market saw a mixed bag today, with the Nifty 50 index closing up 0.77% at 23,541.35. While several stocks experienced significant gains, Premier Energies Ltd. took a heavy hit after releasing disappointing quarterly results.

Premier Energies reported a net loss of ₹55 crore for the quarter ending December 31st, a sharp reversal from the ₹5.2 crore profit recorded in the same period last year. Revenue did increase 18% to ₹269 crore, but EBITDA plunged to a loss of ₹48 crore compared to an ₹8 crore profit in the previous year. The company’s shares fell as much as 5% on the news.

In contrast, Castrol India Ltd. surged as much as 8% following the release of its positive December quarter results. Other notable gainers included L&T (up 3.99%), BEL (up 3.19%), and several auto ancillary stocks, recovering losses from the previous day’s trading. Top losers were Trent (-7.20%), Britannia (-2.02%), and ITC Hotels (-1.28%).

The day also saw news of significant business wins. An unnamed engineering and infrastructure conglomerate secured a contract to build a pellet plant and a Direct Reduction of Iron (DRI) plant in the MENA region. Meanwhile, Shikhara Investment announced a selective investment strategy in the consumption sector, favoring autos and hospitality but expressing caution towards certain consumer staples.

The market also reacted to international developments. Bloomberg reported that China will levy new tariffs on some US imports, including coal, LNG, oil, and agricultural machinery. Additionally, China is reportedly launching an antitrust probe into Google.

Several analysts offered their market predictions and stock recommendations. Mitessh Thakkar, for instance, recommended buying GNFC, ICICI Bank, AU SFB, IndusInd Bank, and Cholamandalam Investment while suggesting a sell position on IOC. Sudarshan Sukhani offered other buy recommendations including Voltas, ABFRL, Divi’s Laboratories, and Alkem Laboratories.

Finally, Dr. Agarwal’s Health Care had a less-than-stellar stock market debut, while Brigade Enterprises saw its shares rise on SEBI’s approval for an IPO from its unit, Brigade Hotel Ventures Ltd.

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