[15/02 Market Update] Eicher Motors (+3%) rose due to strong Q3 results.
[15/02 Market Update] Eicher Motors (+3%) rose due to strong Q3 results.
Tribe Daily
Market Summary
Nifty edged higher for the second consecutive session.
Companies
Apollo Hospital (+5%) rose after the hospital chalked out a Rs 3,000 cr capex plan to add 2,000 new beds to its existing capacities.
Sectors
Nifty Realty (+1%) rose due to strong performance of Prestige Estate, Brigade Enterprise, DLF, Godrej Properties and Oberoi Realty. Nifty IT (+1%) rose due to strong performance of Tech Mahindra, HCL Tech, TCS, Wipro, and L&T Technology. Nifty Auto (+1%) rose due to strong performance of Eicher Motors, TVS Motor, Bosch, M&M and Hero Motocorp.
Market News
1.Torrent Power (+10%) rose due to stellar Q3 results. (Money Control)
2.Bharat Forge (-4%) declined as Q3 net profit plunged by 81% to Rs 78.72 cr. (Business Standard)
3.Eicher Motors (+4%) rose as Q3 consolidated net profit zoomed over 62% to Rs 740.84 cr.(Money Control)
4.Vedanta cuts debt by $ 2 Billion to soothe investors' concerns over the ability to repay upcoming obligations. (Zee Business)
5.Siemens (+3%) rose as Q1 profit zoomed to Rs 463 cr. (BQ Prime)
Market Sentiment
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