The benchmark indices overcame high volatility to end the week higher, with the Sensex closing 1.42% up at 58,387.93 and Nifty 1.39% at 17,397.5
Among sectors, power and auto indices shed over a percent each while buying was seen in financial and IT names.
The company later said it fixed the issue.
Sensex and Nifty maintain morning gains. Sensex was up 0.36 percent at 58,508 while Nifty was up 0.34 percent at 17,440.
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Among sectors, Metal, IT, and Healthcare were up 1-2 percent, while the Realty index was down 1 percent. BSE midcap and smallcap indices ended with marginal gains.
The company reported net profit at Rs 381.90 crore in the June quarter, down 19.89 percent from a year ago, missing estimates. Core profit came in at Rs 625.61 crore, down 15.93 percent.
Going by the recent rise in upgrades, positive sentiment is gathering around autos too, a sector that has seen good volumes growth and supply-side problems waning
Infosys Technologies, Titan, UPL, Grasim see increasing upgrades although stock prices were weak in the past quarter
Novelis’ net sales in the quarter jumped 32 percent year-on-year to $5.1 billion aided by strong demand in the international market.
IndiGo Q1: The company reported 327 percent year-on-year growth in consolidated revenue at Rs 12,855.3 crore in the first quarter of the financial year 2022-23.
Stocks to Watch: Check out the companies making headlines before the opening bell.
Except Information Technology all other sectoral indices ended in the red. The BSE midcap index fell 0.6 percent and the smallcap index was down 0.28 percent.
Global research and broking firm CLSA has maintained an underperform call on the stock and has cut target to Rs 1,523.
Operating cash flow of the company tanked 60 percent year-on-year to Rs 807 crore for the quarter ended June
The company said in a regulatory filing that under the partnership, Jio will offer its Cloud Native 5G Core to telcos globally along with Subex’s HyperSense
The revenue from operations rose 55 percent to Rs 2,768 crore against Rs 1,785.20 crore, YoY
The tractor maker share price has seen a steep gap-down opening and finally shed 5.2 percent on Tuesday to close at Rs 1,633.45, with formation of high wave candlestick pattern on the daily charts with significantly high volumes.
Stocks to Watch: Check out the companies making headlines before the opening bell.
On the sectoral front, PSU Bank and Power indices rose 2 percent each, while Realty Index shed 1.7 percent. The BSE midcap and smallcap indices ended in the green.
IIFL Securities maintains an "add" rating on the stock, saying valuations are reasonable but need catalysts for an upgrade
The brokerage firm has cut earnings estimates by 24-26 percent over FY23-24 on a 7 percent lower volume forecast
In April, the power sector regulator had imposed a cap of Rs 12 a unit on power sold in the day ahead market of power exchanges. A new consulting paper by the power ministry seeks to do away with the price cap
The lack of natural gas supply from Gazprom has put GAIL in a quandary as it will now have to secure alternative supplies
ICICI Securities underlines that despite strong revenue growth in Q1FY23, Kansai’s three-year revenue CAGR is still lower than industry leader amid market share loss in decorative paints.