Adani Enterprise (+7%), Hero Motor Corp (-2%) & more
Adani Enterprise (+7%), Hero Motor Corp (-2%) & more
Tribe Daily
Market Summary
Market makes a recovery in the last hour to close the Friday session higher.
Companies
Adani Enterprise (+7%) rise after the company reported a strong rise in revenue. Hero Motor Corporation (-2%) plunged after the company reported a 9% decline in net consolidated profits.
Sectors
Nifty PSU BANK (+1%) up ahead of the SBI & Bank of Baroda results.
News of The Day
1. Gillette India Limited reported a 5.9% rise in first-quarter profit( Rs 86 crore). The profits increased due to the strong demand for grooming products ahead of the festive season.(Economic Times)
2.Shares of fabric manufacturer and fashion retailer Raymond (+5.6%) rallied after the company reported over two-fold jump in its net consolidated profit( Rs 161.95 crore). (Economic Times)
3. Shares of state-owned natural gas and oil companies HPCL (-4%) plunged after the company reported a net loss of Rs 2476.(Economic Times)
4.Pharma Major Cipla reported a 11% YoY rise in the September quarter consolidated net profit. The total revenue from operations increased by 5.57%. (Economic Times)
5. Shares of Telecom operator Vodafone Idea (-2.45%) plunged after the Q2 net loss widened to Rs 7596 cr.(Economic Times)
Market Sentiment
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