Indian benchmark indices snapped a seven-day winning streak to ended lower on October 25. At close, the Sensex was down 287.70 points or 0.48% at 59,543.96 and the Nifty was down 74.50 points or 0.42% at 17,656.30.
IGL | CMP: Rs 405.55 | Indraprastha Gas gained 5.7 percent after the company said that Sukhmal Kumar Jain has been appointed the company's chairman and additional director. It also announced "the cessation" of Arun Kumar Singh as the chairman and director. In Q2FY23, the company's revenue almost doubled to Rs 3,922 crore as against Rs 2,015 crore in the year-ago period.
HUL | CMP: Rs 2504 | The company's Q2FY23 EBITDA rose by 7.8 percent to Rs 3,377 crore but margins fell by 170 bps YoY from 24.6 percent to 22.9 percent. Underlying volume growth of 4 percent was also below Street expectations. Experts had pegged volume growth at 5 percent. The stock slumped 2.7 percent.
United Spirits | CMP: Rs 862.5 | The share gained 3.24 percent after the company said its profit grew by 106 percent YoY to Rs 563 crore in the quarter ended September FY23 led by a one-time gain of Rs 381 crore from the slump sale of business undertaking associated with 32 brands in 'Popular' segment. Revenue at Rs 2,879.7 crore grew by 17.6 percent YoY.
Tejas Networks | CMP: Rs 675 | The stock slumped 2.4 percent as the company's Q2FY23 net profit tanked 71 percent to Rs 1.1 crore, hit by weak margin performance and higher tax cost. In the same quarter last year, net profit stood at Rs 3.66 crore.
Meghmani Organics | CMP: Rs 111.25 | The company on October 23 reported a fire at a finished goods warehouse of pigment plant in Dahej. Expected quantum of loss and damage caused is under assessment, it said. The stock declined more than 2 percent.
HUL | CMP: Rs 2504 | The company's Q2FY23 EBITDA rose by 7.8 percent to Rs 3,377 crore but margins fell by 170 bps YoY from 24.6 percent to 22.9 percent. Underlying volume growth of 4 percent was also below Street expectations. Experts had pegged volume growth at 5 percent. The stock slumped 2.7 percent.
United Spirits | CMP: Rs 862.5 | The share gained 3.24 percent after the company said its profit grew by 106 percent YoY to Rs 563 crore in the quarter ended September FY23 led by a one-time gain of Rs 381 crore from the slump sale of business undertaking associated with 32 brands in 'Popular' segment. Revenue at Rs 2,879.7 crore grew by 17.6 percent YoY.
Tejas Networks | CMP: Rs 675 | The stock slumped 2.4 percent as the company's Q2FY23 net profit tanked 71 percent to Rs 1.1 crore, hit by weak margin performance and higher tax cost. In the same quarter last year, net profit stood at Rs 3.66 crore.
Meghmani Organics | CMP: Rs 111.25 | The company on October 23 reported a fire at a finished goods warehouse of pigment plant in Dahej. Expected quantum of loss and damage caused is under assessment, it said. The stock declined more than 2 percent.
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