- Benchmark indices ended marginally higher after a volatile trading session
- Among the NIFTY50 stocks, 30 closed in the green
- India’s industrial growth slows to three-month low of 5.8% in September
Among the NIFTY sectoral indices, Metal (+0.7%) and Oil & Gas (+0.6%) surged the most while Media (-1.2%) and Auto (-0.4%) were the top losers.
|Top gainers||Today's change|
||242 ▲ 4.5 (+1.9%)|
|ONGC||195 ▲ 3.2 (+1.6%)|
||914 ▲ 11.5 (+1.2%)|
|Top losers||Today's change|
||3,108 ▼ 65 (-2.0%)|
|M&M||1,523 ▼ 28 (-1.8%)
||1,256 ▼ 11.5 (-0.9%)
|India VIX||11.11 ▲ 0.12 (+1.1%)|
|NIFTY MIDCAP 100||40,733 ▲ 195 (+0.4%)|
|NIFTY SMALLCAP 100||13,365 ▲ 62 (+0.4%)|
||83.29 ▼ 0.05 (-0.06%)|
⭐ M&M Q2 profit beats street estimate
The auto major’s Q2 net profit rose 67% year-on-year (YoY) to ₹3,452 crore in the September quarter. This was higher than the street estimate of ₹2,900 crore. The revenue also increased by 16% to ₹24,310 crore. Nonetheless, M&M shares closed 1.8% lower today.
⭐ Hindalco Q2 profit jumps
The company reported a 54% YoY rise in net profit to ₹847 crore during the September quarter. Meanwhile, its revenue from operations stood at ₹20,676 crore, up 12.5% YoY. Shares of the aluminium and copper maker closed 0.6% lower today.
⭐ Hindustan Aeronautics rises on new joint venture
Shares of the aircraft and helicopter maker closed 1.3% higher today. This was after the company announced that it has incorporated a new joint venture (JV) company with Safran Helicopter Engines. This new JV will carry out the design, development, certification, sale and support of helicopter engines.
⭐ Zydus and Torrent Pharma sign drug co-marketing deal
Shares of Zydus Lifesciences rose 1.2%, while those of Torrent Pharma closed 0.3% higher today. This was after the two companies signed a new licensing agreement for co-marketing the Saroglitazar, which is a drug used in treating liver diseases in India.
⭐ Antony Waste gains after strong Q2 numbers
Shares of the solid waste management company rose more than 13% and hit a new 52-week high of ₹474 per share. This came after the company's Q2 net profit rose by 15% YoY to ₹31.5 crore. During the same period, its revenue from operations stood at ₹230.3 crore, up 13% YoY. Shares of the company have gained over 47% so far in 2023.
⭐ ESAF Small Finance Bank listed at ₹71 per share today, 18% higher than the issue price of ₹60 per share.
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