Q3 results impact: Nippon Life India AMC, Cupid shares rise up to 13% on strong December quarter earnings; Deepak Fertilisers down 9%

Q3 results impact: Nippon Life India AMC, Cupid shares rise up to 13% on strong December quarter earnings; Deepak Fertilisers down 9%

• Nippon Life AMC shares rose 3.1% after Q3 profit jumped 37% and revenue grew 20%
• Cupid shares surged 13.3% as Q3 profit more than doubled and revenue rose 101%
• Deepak Fertilisers fell 9% as Q3 profit dropped 44% from weak demand, higher costs.

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Nippon Life India Asset Management and Cupid Ltd shares reacted positively on January 30 post-strong December quarter earnings while those of Deepak Fertilisers were trading in deep red.

Nippon Life AMC

Shares of Nippon Life India Asset Management rose 3.1% to Rs 889 apiece on January 30, on track to gain for third straight session.

The stock had risen as much as 6.9% earlier in the session.

The company's Q3 consolidated net profit rose about 37% while revenue grew 20% year-on-year.

Motilal Oswal said it has increased its earnings estimates to reflect higher revenue driven by improved yields, along with lower expenses due to better operating cost performance.

BOBCaps says the AMC company continues to benefit from the consistent long-term fund performance, aiding steady flows and thereby better-than-industry performance

The stock rose 21% in 2025.

Cupid rises after quarterly profit jump

Shares of Cupid jumped as much as 13.3% to Rs 442 apiece, their highest level since January 19.

At 1:25 pm on January 30, Cupid shares were trading 10% higher at Rs 423.45 apiece.

The health and personal care products manufacturer's Q3 consolidated net profit more than doubled to Rs 33 crore and revenue rose 101%.

The stock logged a more than six-fold rise last year.

Deepak Fertilisers extends loss after quarterly profit fall

Shares of Deepak Fertilisers and Petrochemicals extended fall by nearly 9% to Rs 1,016.5 apiece and are set for the worst fall in 12 months.

The company posted nearly 44% fall in Q3 profit as softer agrochemicals demand and rising input costs squeezed margins.

Mainstay fertilisers segment revenue rose 26%, chemicals segment slipped 7.5%

The stock closed 7% lower after results on Thursday.

The stock fell 21% so far in January.