Healthy performance expected from the company.
Gujarat Pipavav Port spurted 8.80% to Rs 96.45 after the companys standalone net profit (excluding exceptional items) rose 47% to Rs 74.6 crore in Q2 FY23 from Rs 50.8 crore registered in the same period last year.
Pidilite Industries fell 1.24% after the company reported 11.3% decline in consolidated net profit to Rs 332.44 crore despite of 14.7% rise in net sales to Rs 3,011.15 crore in Q2 FY23 over Q2 FY22.
The key equity barometers continued to trade with modest losses in morning trade. Domestic sentiment was dented amid negative global cues. The Nifty hovered below 18,050 mark. Pharma, healthcare and media stocks rose while auto, consumer durables and PSU bank shares witnessed a bit of selling pressure. At 10:30 IST, the barometer index, the S&P BSE Sensex, was down 414.86 points or 0.68% to 60,618.69. […]
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