Coal India (+3%), UPL (+2%) & more
Coal India (+3%), UPL (+2%) & more
Tribe Daily
Market Summary
Nifty declined amid negative sentiments from global counterparts and lingering recession fears.
Companies
Coal India (+3%) rose after the company announced the date of the interim dividend. ONGC (+1%) rose on the hopes of strong earning growth. Asian Paints (-3%) declined due to weak Q3 results.
Sectors
Nifty Oil & Gas (+1%) rose after the govt lowered windfall taxes on crude oil.
Market News
1. Persistent Systems (+7%) rose after the company's Q3 net profit rose by 35% ( to Rs 238 cr). (Economic Times)
2. Polycab India (+2%) rose after the company's Q3 PAT rose by 13.72% ( to Rs 357 cr). (Equity Bulls)
3.ICICI Securities (-1%) declined after the company’s Q3 consolidated net profit declined by 26.13% (to Rs 280.95 cr). (Business Standard)
4.HUL Q3 net profit rose by 12% ( to Rs 2,505 cr) and standalone revenue from operations rose by 16% ( to Rs 15,228 cr). (Money Control)
5.Havells India's Q3 net profit declined by 7.2% ( to 283.54 cr) and revenue from operations grew by 12.8% ( to Rs 4,119 cr). (Mint)
Market Sentiment
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