SBC Exports Limited announced that it has garnered an Rs36.06 crore Export Order from a Dubai-based Company for the supply of various Garment articles including T-Shirts, Trousers, Shorts etc. Owing to this, the shares of SBC Exports Limited spiked in Friday's trading session. At around 2:34 PM, SBC Exports was trading 3.91% higher than its previous closing on the BSE.
Open Flip📢 Benchmark indices CLOSED on a flat note after the volatile session on October 21. 📊 At 3:30 PM, the Sensex was up by 104.25 points or 0.18 % at 59,307.15, and the Nifty was up 20.85 points or 0.12 % at 17,584.80. 👉Among sectoral indices, buying was noticed in PSU Bank (🔼1.85%) and Bank (🔼1.71%). However, Media (🔻 1.93%), and Metal (🔻 0.92 %) witnessed selling pressure.
Open FlipOn October 21, IDBI Bank hit a massive 46% year-on-year standalone profit growth for September 30, despite a jump in provisions, supported by healthy NII growth and operating performance. Standalone profit rose to Rs 828 crore during the quarter, up from Rs 567 crore in the corresponding last fiscal period. The sequential gain in profit was 10%.
Open FlipThe consolidated net profit of Hindustan Zinc stood at ₹2,680 crores, a gain of almost 33%, against ₹2,017 crores in the corresponding quarter of the previous fiscal. It reported revenue from operations of over 6% to ₹8,336 crores in Q2FY23 due to higher refined metal & silver volumes. EBITDA stood at ₹4,387 crores, up 31.7% y-o-y and down 16.9% sequentially.
Open FlipIn Friday's trading session, shares of IT firm Mphasis dropped 5.12% to Rs 2,037.15 after the company declared lower-than-expected results for the September quarter of 2022. The company's net profit grew 4.1% QoQ and 22.6% YoY to Rs 4,18.5 crore in Q2 FY23. The gross revenue rose 4.0% QoQ and 23.9% YoY on a reported basis.
Open FlipThe IPO of Foxconn Technology Group's India business, Bharat FIH, in the Indian bourses has been delayed due to the current market condition. The company received the market regulator Sebi's approval to raise Rs 5,000 crore through an initial public offering in June this year. Citi, BNP Paribas, HSBC Securities, and Kotak Mahindra Capital are the investment bankers working on the IPO.
Open FlipICICI Bank Ltd is anticipated to register yet another strong quarter in terms of profitability. The lender’s efforts to gain a greater share in the loan market likely reflect its robust core is operating performance. The net profit expects to rise 34% year-on-year (YoY) to Rs 7405 crore for the July-September quarter.
Open FlipThe board of directors of Symphony Ltd has announced a second interim dividend of ₹2/‐ (100%) per equity share having a face value of ₹2/‐ each for the financial year 2022‐23 while declaring its financial earnings for the second quarter and half year ended on September 30, 2022. The company's net profit stood at ₹32 crores in the quarter ending September 2022.
Open FlipThe standalone net profit of Ambuja Cement, now a part of Adani Cement declined 68% to ₹138 crores for the quarter that ended 30 September 2022, against 44 crores during the same period last year. EBITDA or Earnings Before Interest, Taxes, Depreciation and Amortization stood at ₹304 crores, significantly impacted by rising fuel costs. The stock declined in Friday's afternoon trade.
Open FlipOn Friday, HDFC Life Insurance Co. registered 19% growth in net profit to ₹326.24 crores for the September quarter. The company declared a net profit of ₹274.16 crores in the corresponding quarter last fiscal. The net premium income for the quarter grew to nearly 15% to ₹1,3110.91 cr from ₹11443.96 in the corresponding quarter last fiscal.
Open FlipActor & film producer Vijay Deverakonda has been appointed as the brand ambassador of Boltt Games Private Limited’s Fire-Boltt brand. The actor will take part in the company's different marketing, ad, & endorsement campaigns. Aayushi Kishore, the company’s co-founder said, "Vijay will be crucial in helping to make us one of the most well-known & reputable companies in the smart wearables market."
Open FlipKalyani Steels net sales are up by 8.57% at Rs 500.33 crore this year from Rs. 460.81 crores last year. This year's quarterly net profit is Rs. 34.62 crores, which fell 43.97% from Rs. 61.79 crores. EBITDA stands at Rs. 63.85 crores this year, which fell by 34.92% from Rs. 98.11 crores last year. On October 20, shares closed at 299.90 and gave -7.09% returns in the previous 6 months.
Open FlipOn Friday, as geopolitics continued to dominate Russian markets, the rouble strengthened against the euro and yuan, trading close to 61 to the dollar and benefiting from a favourable month-end tax period. At 0753 GMT, the rouble surged by 0.1% versus the dollar at 61.31, having opened at 61.1125, its strongest point since Oct. 10. It zoomed 0.6% to trade at 60.22 against the euro.
Open FlipShree Digvijay net sales grew 6.51% at Rs 163.88 crore in September 2022 from Rs. 153.87 crore last year. Quarterly Net Profit fell 52.73% to Rs. 6.33 crore this year from Rs. 13.39 crore last year. It closed at 65.40 on October 20 and gave -12.33% returns in the previous 6 months and -20.58% over the last 12 months.
Open FlipThe consolidated net profit of Bajaj Finserv rose 39% to ₹1,557 crores in the quarter ending September 2022, against ₹1,122 crore year-on-year. Its total income stood at ₹20,803 crores, a gain of 16% from ₹18,008 crores from the year-ago period. During Friday's afternoon deals, the shares of Bajaj Finserv zoomed after the company announced its September quarter results.
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