Maruti Suzuki(+1.56%) Q1 Net Profit Surges Over 2-Fold; Airtel(-0.58%) Pre-pays Rs 8,024 Crore Spectrum Dues

Rumors Squashed: Kotak Mahindra Bank CEO Succession Unaffected by RBI.

Market Summary

Closing Bell: Nifty above 19700, BANKNIFTY above 45600, Sensex gains 360 pts, IT, Metal and Auto rally.

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Companies

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Sector

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Market News

Power Mech Projects(+9.23%) Bags ₹30,438 Cr Mine Contract from SAIL, Share Price Surges 20% Intraday. 🚀

UCO Bank(-1.74%) Reports 81% Jump in Q1 Net Profit, NPAs Decline, Shares Slip 1.7%. 📉💰

Jet Airways(+4.91%) Shares Soar 4% as DGCA Renews Air Operator's Certificate. 🧾🚀

Airtel(-0.58%) Utilizes Lower Financing Costs to Prepay Rs 8,024 Crore Spectrum Liabilities, with 10% Interest. 🗼🧾

Nazara Technologies(+4.40%) Reports 31% Jump in Q1 Profit, Stock Surges 4%, Despite GST Concerns. 💸🚀

GAIL(+1.36%) Shares Surge 4% Intraday on UBS 'Buy' Rating, Stock Hits 52-Week High. 🧾

NOCIL(+2.96%) Q1 Profit Plunges 48.4% YoY, EBITDA Margin Shrinks, Revenue Down by 22.1%. 🧪📉

Maruti Suzuki(+1.56%) Q1 Net Profit Surges Over 2-Fold to Rs 2,485 Crore, Revenue Rises 22% YoY. 🚗

UPL(+0.07%) Ltd's Q1 Profit Plunges 81%, Revenue Decline by 17%, Industry Slowdown Hits. 📉

Adani Green Energy(+0.06%) Reports Q2 Results, Profits, Up 50.93%, Revenue Growth of 41.32%, Operational Capacity Soars 43% in One Year. ✔️⚡