News Overview

Benchmark indices traded sideways with tiny losses amid bout of volatility in morning trade. The Nifty hovered at 17,550 level. Metal stocks saw buying while realty and auto shares declined. At 10:30 IST, the barometer index, the S&P BSE Sensex, fell 44.63 points or 0.08% at 58,743.27. The Nifty 50 index was down 6.8 points at 17,553.40. In the broader market, the S&P BSE Mid-Cap […]

PI Industries advanced 1.06% to Rs 2515.10 after the company reported 14% rise in consolidated net profit to Rs 223 crore on a 17% increase in revenue to Rs 1,356 crore in Q3 FY22 over Q3 FY21.

According to survey participants, demand was restricted by the fast spread of the Omicron variant and the reinstatement of curfews in parts of the country.

The company’s EBITDA stood at Rs 145.24 crore for December 2021 quarter, as against Rs 109.02 crore for the previous corresponding quarter, up by 33% YoY.

Tata Communications has a dedicated customer experience portal.

Utilties stocks were trading in green, with the S&P BSE Utilities index increasing 23.92 points or 0.71% at 3393.33 at 09:52 IST.

Godrej Properties slumped 7.68% to Rs 1541.05 after a foreign brokerage reportedly maintained a sell rating on the stock and cut its target price to Rs 1,424 from Rs 1,563.

Basic materials stocks were trading in green, with the S&P BSE Basic Materials index increasing 79.84 points or 1.4% at 5788.93 at 09:52 IST.

Metal stocks were trading in green, with the S&P BSE Metal index increasing 435.63 points or 2.17% at 20478.13 at 09:52 IST.

In Q3FY22, Tata Group's steel flagship company is in for a treat with top-line and bottom-line front witnessing robust growth.