The overall trend in paints stocks is still bullish with mild profit-booking.
The company said the remarkable turnaround of auto sector, both in passenger vehicles and two-wheeler segments, aided sales volumes during the quarter
Asian stock markets were mixed after Wall Street rose amid protracted vote-counting following this week's US elections
In Q2FY21, the company's net profit after tax grew 64 per cent YoY at Rs 9.5 crore, on the back of 28 per cent growth in operational revenues at Rs 123.3 crore over the previous year quarter.
The company reported an increase of 40 per cent YoY in Ebitda/t at Rs 1,457 due to a conscious and continuous containment of both variable & fixed costs
Revenue from operations grew 9 per cent to Rs 1,742.55 crore during the quarter under review.
RIL has now recovered 9 per cent in past three trading days and erased most its losses reported post September quarter results
US stocks jumped as investors bet Republicans would hold onto the Senate and prevent changes under a possible Joe Biden White House that would crimp corporate profits
Here's a list of stocks that may trade actively in today's session.
A gauge of Asian shares was set to cling to a near 3-year peak while the dollar stayed sluggish as prospect of a divided US legislature dimmed the chance of major policy changes, lifting risk appetite
A total of 219 companies including ITC, Cipla, Ashok Leyland, and Bank of India are scheduled to declare their quarterly earnings today
Jubilant Food's stock has reclaimed its short-term 21-DMA which was placed at 2230 levels. The momentum indicators and oscillators have turned positive on the daily chart which hints at a strong pull
US growth has picked up as anticipated, but India and a few other markets still lag
Margin gains, however, depend on a hike in prices
At over 30 per cent capital adequacy, the lender has raised Rs 2,780 crore of debt and Rs 2,577 crore of equity so far in FY21
Analysts attribute this withdrawal trend to the nervousness ahead of US presidential elections and the fact that the markets raced ahead even as the economic recovery remained fragile back home
The regulator has also quadrupled the quantum of investment that individual fund houses can make in overseas exchange traded funds to $200 million from $50 million at present
While the index is almost back to pre-Covid highs, the stock prices for over half of its components are still below their February 20 levels
Sensex, Nifty jump 1.8% to close at highest level since February 19
The state accounts for a fifth of the screens for PVR and Inox Leisure