Amidst heavy volatility, the Indian markets closed with a fall for the fourth consecutive day today. At the end of trading, Sensex closed down 101.88 points, or 0.17%, at 60,821.62. At the same time, Nifty closed at 18,114.90 with a fall of 63.20 points or 0.35%.
The biggest movement in these stocks today
Reliance Industries | CMP: Rs 2,625.75 | Ahead of the results today, the stock saw a rally. Reliance Industries is going to present its Q2FY22 results today i.e. on 22nd October. According to a survey of market analysts conducted by CNBC-TV18 poll, the company’s consolidated earnings are expected to grow 12.8 per cent to Rs 1.58 lakh crore during the period. According to this poll, the EBITDA of the company can also increase by 7 percent to Rs 24,970 crore on a quarterly basis. At the same time, the company’s profit can increase by 5.4 percent to Rs 12946 crore during this period. (Disclaimer: Network 18 Media & Investment Ltd. is owned by Independent Media Trust. Its beneficiary company is Reliance Industries.)
Biocon | CMP: Rs 324.20 | Today this stock has broken more than 6 percent. The company’s stock price fell nearly 5 percent on October 22 after Biocon announced its September quarter results. Biotechnology major Biocon on Friday said its consolidated profit declined 18 per cent to Rs 138 crore for the second quarter ended September 30. The Bangalore-based company had posted a profit of Rs 169 crore in the July-September quarter of the last financial year. Biocon Ltd said the company’s income from operations grew 5 per cent to Rs 1,840 crore in the second quarter as against Rs 1,750 crore in the corresponding period last year.
TVS Motor | CMP: Rs 618.60 | On the back of good results, this stock has run more than 7 percent. The company’s consolidated profit grew 29.19 per cent to Rs 234.37 crore in the second quarter of FY 2021-22. Whereas according to the poll of CNBC-TV18, it was estimated to be Rs 248 crore. Let us inform that in the same quarter last year, the company had a profit of Rs 181.41 crore. The company’s earnings have increased in the second quarter of the financial year 2021-22. The company’s revenue in the September quarter increased from Rs 5,254.36 crore to Rs 6,483.42 crore, as against the estimated Rs 5,426 crore as per a CNBC-TV18 poll.
LIC Housing Finance | CMP: Rs 409 | The company’s results in the second quarter were weak. Due to this the stock has lost 7 per cent today. Let us tell you that yesterday i.e. on October 21, 2021, the company had declared the results for the second quarter. LIC Housing Finance reported a decline of 68.66 per cent year-on-year in profit for the quarter ended September 30, 2021. The company’s standalone profit stood at Rs 247.86 crore during this period. 790.90 crore in the same period last year. The company has made higher provisioning for bad loans. The negative effect of this has been seen on the profits of the company.
Indian Hume Pipe | CMP: Rs 201.20 | The company has received a project worth Rs 156.27 crore from Krishna Valley Development Corporation. Due to this news, this stock has run more than 3 percent today.
PVR | CMP: Rs 1,628 | After the results, this stock has also broken more than 2 percent today. In the second quarter, the company’s loss has come down to Rs 153 crore from Rs 184 crore. At the same time, the income has increased from 40.5 crores to 120.3 crores.
Polycab India | CMP: Rs 2,255.05 | Today this stock has closed in green mark. In the second quarter, the company’s Conso profit declined from Rs 221 crore to Rs 200 crore. At the same time, Kanso income has increased from 2113 crores to 3128 crores. Conso EBITDA has declined from Rs 312 crore to Rs 302 crore during this period. EBITDA margin declined from 14.79% to 9.69%.
Steel Strips Wheels | CMP: Rs 1,845 | After good results, today this stock has run more than 1 percent. In the second quarter, the company’s profit margin has increased from Rs 14 crore to Rs 62.8 crore. At the same time, the income has increased from 405 crores to 958 crores. The Board of the Company has approved the proposal for the split in the shares of the Company. Approval has been given to split 1 share of the company into 2.
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