News Overview

Apollo Tyres rallied 4.17% to Rs 297.45 after the tyre makers consolidated net profit rose 11.87% to Rs 194.45 crore on 17.31% increase in revenue from operations to Rs 5,956.05 crore in Q2 FY23 over Q2 FY22.

The current market cap of the company is Rs58.24 crore.

The CPI (retail) inflation has fallen just 102 basis points from the peak, despite the RBI hiking rates by 190 basis points. However, the impact of the rate hikes is visible in the wholesale price index (WPI) inflation.

Coal India Ltd has lost 0.44% over last one month compared to 8.6% gain in S&P BSE Metal index and 6.37% rise in the SENSEX

The CPI inflation (retail inflation) for the month of October 2022 came in at 6.77%. That is a marginal 4 bps higher than the Bloomberg consensus estimate of 6.73%.

Hinduja Global Solutions stock rallies near 4% as the company reported massive 599% sequential growth in consolidated profit at Rs239 crore for quarter ended September FY23.

Indian Railway Catering and Tourism Corporations (IRCTC) consolidated net profit jumped 42.54% to Rs 226.03 crore on 98.99% surge in revenue from operations to Rs 805.80 crore in Q2 FY23 over Q2 FY22.

Tube Investments of India Ltd has lost 1.4% over last one month compared to 5.25% gain in S&P BSE Auto index and 6.61% rise in the SENSEX

The key equity benchmarks traded near the flat line, with minor gains, in early trade. The Nifty traded below the 18,350 level. While auto and oil & gas stocks advanced, FMCG, pharma and IT shares edged lower. At 09:26 IST, the barometer index, the S&P BSE Sensex, was up 45.09 points or 0.07% to 61,669.24. The Nifty 50 index gained 18.30 points or 0.1% to […]

At meeting held on 14 November 2022