Market continues the winning streak on third day after RBI’s Monetary Policy Committee (MPC) kept the key interest rates unchanged and continued with its accommodative stance in it policy meeting on February 10.
At close, the Sensex was up 460.06 points or 0.79% at 58926.03, and the Nifty was up 142 points or 0.81% at 17605.80. About 1491 shares have advanced, 1761 shares declined, and 103 shares are unchanged.
ONGC, Tata Steel, Infosys, SBI Life Insurance and HDFC Bank were the top Nifty gainers, while losers were Maruti Suzuki, BPCL, Shree Cements, IOC and UltraTech Cement.
All the sectoral indices ended in the green with IT, bank, power, metal up 1 percent each. BSE midcap and smallcap indices ended flat.
Dr Lal PathLabs has reported 39.6 percent fall in its Q3 net profit at Rs 58.2 crore versus Rs 96.3 and revenue was down 0.3 percent at Rs 497 crore versus Rs 498.4 crore, QoQ.
Earnings before interest, tax, depreciation and amortization (EBITDA) was down 23 percent at Rs 109 crore versus Rs 141.5 crore and margin was at 22 percent versus 22.45, QoQ.
Dr Lal PathLabs was quoting at Rs 2,929.00, down Rs 30.75, or 1.04 percent.
Hindustan Aeronautics’ Q3 net profit was up 9.4 percent at Rs 933.4 crore versus Rs 853.5 crore and revenue was up 8.6 percent at Rs 5,892 crore versus Rs 5,426 crore, YoY.
Earnings before interest, tax, depreciation and amortization (EBITDA) rose 18 percent at Rs 1,427 crore versus Rs 1,209 crore and margin was at 24.2 percent versus 22.3 percent, YoY.
Hindustan Aeronautics Ltd. was quoting at Rs 1,399.65, down Rs 14.85, or 1.05 percent on the BSE.
Nilkamal has posted 38.5 percent fall in Q3 net profit at Rs 33.4 crore versus Rs 54.3 crore and revenue was up 20.7 percent at Rs 756.4 crore versus Rs 626.6 crore.
Earnings before interest, tax, depreciation and amortization (EBITDA) was down 23.7 percent at Rs 74.1 crore versus Rs 97.2 crore and EBITDA margin was at 9.8 percent versus 15.5 percent, YoY.
Nilkamal was quoting at Rs 2,303.65, down Rs 8.15, or 0.35 percent on the BSE.
Net profit went down 39.7% at Rs 176.4 crore against Rs 292.6 crore (YoY). Revenue slipped 3.2% at Rs 1,272 crore against Rs 1,314.3 crore (YoY).
EBITDA was down 30% at Rs 255.6 crore against Rs 365.1 crore (YoY). EBITDA margin at 20.1% against 27.8% (YoY).
US revenue was down 23% at Rs 393 crore against Rs 512 crore (YoY). India revenue was up 17% at Rs 488 crore against Rs 418 crore (YoY).
API revenue fell 7% at Rs 198 crore against Rs 214 crore (YoY).
The stock was trading at Rs 761.10, up Rs 7.35, or 0.98 percent.
SML Isuzu has posted net loss at Rs 25.8 crore in Q3FY22 versus loss of Rs 26.4 crore and revenue was up 35.9 percent at Rs 250 crore versus Rs 184 crore
Earnings before interest, tax, depreciation and amortization (EBITDA) loss at Rs 9.5 crore versus loss of Rs 9.2 crore, YoY.
SML Isuzu was quoting at Rs 644.00, up Rs 6.45, or 1.01 percent.
SpiceJet has offered to pay Rs 600 crore in cash in the share transfer case with its former promoter Kalanithi Maran and his firm KAL Airways for a full and final settlement of all disputes. The offer was made during the hearing in the Supreme Court today. Out of the principal amount of Rs 578 crore awarded in arbitration, SpiceJet has already paid Rs 308 crore in cash and deposited a bank guarantee of Rs 270 crore.
Mukul Rohatgi, Senior Counsel appearing for SpiceJet proposed to pay the bank guarantee equivalent amount of Rs 270 crore in cash and top it up with additional Rs 22 crore aggregating the total payout to Rs 600 crore as full and final settlement of all disputes between the Parties.
The Court has advised the other side to consider the proposal of SpiceJet and has listed the matter on February 14, 2022. The stock was trading at Rs 63.30, up Rs 2.80, or 4.63 percent. It has touched an intraday high of Rs 63.80 and an intraday low of Rs 60.20. It was trading with volumes of 1,224,446 shares, compared to its five day average of 513,177 shares, an increase of 138.60 percent.