News Overview

Sharp spike in US treasury yields, returning for the first time to pre-pandemic levels dragged the dollar higher overnight. US benchmark 10-year treasury yields jumped to its highest level since 2019, breaking above 2%, after hotter-than-expected US inflation and hawkish comments from a Federal Reserve official fuelled bets for a more aggressive tightening. US Headline CPI in January rose at an annual rate of 7.5%. […]

Sales rise 79.02% to Rs 69.30 crore

Sales rise 492.42% to Rs 11.73 crore

Its EBITDA witnessed a decline of 21.3% yoy at Rs109 crore in Q3FY22 against Rs139 crore in Q3FY21.

Welspun Corp shed 7.62% to Rs 170.85 after the companys consolidated net profit slumped 70.21% to Rs 61.38 crore on a 6.78% decline in revenue from operations to Rs 1,298.89 crore in Q3 FY22 over Q3 FY21.

Of Rs.1 per share

Speciality Restaurants jumped 11.95% to Rs 141.95 after the company reported consolidated net profit of Rs 11.20 crore in Q3 December 2021 as against net loss of Rs 3.69 crore in Q3 December 2020.

Gujarat Pipavav Port fell 2.1% to Rs 93.40 after the companys consolidated net profit fell 24% to Rs 44.60 crore in Q3 FY22 from Rs 58.72 crore registered in the same period last year.

Sales decline 2.03% to Rs 1160.63 crore

The key equity barometers traded in a narrow range near the days low in mid-morning trade. The Nifty continued to trade below the 17,350 mark. IT shares declined across the board. At 11:23 IST, the barometer index, the S&P BSE Sensex, was down 917.17 points or 1.56% to 58,008.86. The Nifty 50 index lost 276.60 points or 1.57% to 17,329.25. In the broader market, the […]