In Q3, standalone ebitda margin contracted 390 bps to 12.1 per cent due to elevated commodity costs and partial transition in pricing especially in consumer durables.
Investors pull back from risky assets amid rising yields
At a time when the weak broader market subdued the Indian equity market consistently, several stocks on the BSE turned multibagger since the start of the calendar year 2022.
Stock market LIVE: Sectorally, auto and FMCG were the only gainers on the Nifty wherein the latter was supported by gains in HUL and Asian Paints on the back of their strong Q3 results.
Gokaldas Exports hit record high of Rs 410.65, up 10% and surpassed its previous high of Rs 405 hit on March 16, 2006.
The company has won orders worth over Rs 160 crore for its key electric components to support the electrification of the country's rail routes.
In the last three sessions, the Sensex has lost 1,844 points, or 3 per cent
PTC India slumps 18% after 3 independent directors quit; SBI Card hits 52-week low; Mastek tumbles 11% on muted Q3 numbers; AGS Transact Technologies IPO subscribed 1.4 times on day 2
PTC India slumps 18% after 3 independent directors quit; SBI Card hits 52-week low; Mastek tumbles 11% on muted Q3 numbers; AGS Transact Technologies IPO subscribed 1.4 times on day 2
Analysts, however, expect markets to recover from here on as they have reached their key support zones.
The company reported ₨ 635.4 crores of revenue from operations for Q3FY22, a growth of 6.7 per cent from the previous quarter.
Stock market may test retail participation this year
Stock market LIVE: Sector-wise, only Auto, metals and energy stocks were trading higher. Meanwhile, Nifty IT index, down nearly 2 per cent , was still the biggest loser. .
One thing that has assumed primacy during the last 18 months is the ongoing talent war
Nifty down 1.07%; sell-on-rise scenario may exist for some time, say experts
M-cap gap with UK narrows to 2% from 8% in a month
Prestige Estates surges 8% to hit life-time high on strong Q3 sales; AGS Transact Technologies IPO to open on Wednesday and close on January 21; Delhivery gets SEBI's approval for Rs 7,460-crore IPO
In the intra-day trade, the indices hit a low of 60,662 and 18,086, respectively
According to Mehul Kothari of Anand Rathi, traders can buy KRBL near the 260-mark with a stop loss of 250 for upside target of 275 in 1 - 2 weeks.
It is interesting that investors in the stock market are often not overly concerned with reforms for credible returns