Prabhudas Lilladher's research report on Gujarat State Petronet: Gujarat State Petronet (GSPL) reported an EBITDA of Rs1.9bn (down 35.9% QoQ, PLe: Rs2.9bn, BBGe: Rs2.3bn). PAT came in at Rs3.9bn (up 83.6%QoQ, PLe: Rs3bn, BBGe: Rs2.8bn). Growth in PAT was on account of ~9x rise in other income. Total volume declined 1.7% QoQ and 18.4% YoY.
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Ashok Leyland's Q2 results showed a 37% year-on-year increase in net profit to ₹770 crore, beating estimates, despite a 9% decline in revenue to ₹8769 crore. Operating margin rose 40 basis points to 11.6%, and the company declared an interim dividend of ₹2 per share. Ashok Leyland's shares rose 1.42% to ₹218.96 following the announcement.
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Shares of Motisons Jewellers turned ex-split on Friday, November 08, in the ratio 1:10. Following this development, the stock rose 5 per cent to the day’s high of ₹32.2 apiece. The company in mid-September had announced the stock split in the ratio of 1:10.In the previous trading session, the company’s shares closed at ₹307.
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