Global market cues are mixed as US markets have seen correction especially in Tech stocks like Meta (Facebook), Twitter, Snap, Pinterest, and Spotify Tech. However, Amazon shares soared more than 15%. Asian markets are mixed. SGX Nifty indicates a positive start for Indian markets.
The following stocks in focus today:
ITC: The company reported profit at Rs.4156.20 Cr vs Rs.3687.88 Cr YoY. Its revenue jumped to Rs.15862.32 Cr from Rs.11969 Cr YoY.
Adani Power: The company reported profit at Rs.218.50 Cr vs loss of Rs.288.70 Cr YoY. Its revenue stood at Rs.5360.9 Cr vs. Rs.6894.8 Cr YoY.
Lupin: Its Q3 net profit was Rs.545.5 Cr vs. Rs.438.3 Cr YoY. Its revenue jumped to Rs.4160.9 Cr vs Rs.4017.4 Cr YoY. Its EBITDA was down to Rs.369.8 Cr from Rs.778.7 Cr YoY.
Ambika Cotton Mills: Ace Investor Vijay Kedia invested in 40,007 shares of the company at Rs.2243.12 apiece, as per bulk deals on NSE.
EIH: The company reported its Q3 profit at Rs.40.8 Cr vs loss of Rs.55.78 Cr YoY. Its revenue jumped to Rs.365.38 Cr vs Rs.179.16 Cr YoY.
Suryoday Small Finance Bank: The lender posted profit at Rs.4.72 Cr vs Rs.1.04 Cr YoY. Its revenue rose to Rs.273.21 Cr from Rs.234.46 Cr YoY.
Today’s important Q3 results:
Shree Cements, Tata Steel, InterGlobe Aviation, One 97 Communications, Siemens, Devyani International, Godrej Agrovet, Jubilant Pharmova, Antony Waste Handling Cell, Alkem Laboratories, Bank of India, Minda Corporation, REC, Sun Pharma Advanced Research Company, and Thermax.