Escorts Kubota’s Q3 profit declines

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Check out the companies from the F&O corner that are making headlines today.

⭐Voltas bags order worth ₹135 crore
₹825 ▲9  (+1.2%)

Shares of Voltas jumped over 1.5% on Wednesday, while the OI of its February futures contract rose 1.6%, indicating long build-up. Meanwhile, the call option OI on the 830-830 contracts rose 6% and 127% respectively. This comes after the company reportedly secured a ₹135 crore HVAC contract for Corridor 4 of Chennai Metro Phase 2.

⭐Escorts Kubota’s Q3 profit declines
₹1,983 ▼22  (-1.1%)

Escorts Kubota fell over 1% on Wednesday, while the OI of its February futures contract dropped 0.4%, indicating long unwinding. This comes after the company’s net profit dropped 7% YoY to Rs ₹186 crore in Q3FY23, amid pressure on margins from high raw material costs.

⭐Firstsource Solutions Q3 profit rises
₹120 ▲2  (+1.6%)

Shares of Firstsource Solutions closed higher on Wednesday and the OI of its February futures contract rose 4.6%, indicating long build-up. This comes after the company's net profit for the December quarter rose 16% YoY to ₹157 crore. The company said planned investments in digital and a diversified BFS portfolio helped it weather a challenging quarter with 12 client wins.

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