We had mentioned in Tuesday’s closing report that Nifty, Sensex were showing no sign of fatigue. On Wednesday, the major indices were volatile but managed to close with some gains.
On the NSE, there were 1,001 advances, 820 declines and 401 unchanged.
The trends of the major indices in the course of Wednesday’s trading are given in the table below:
Bata India reported loss of Rs 44.3 crore in Q2FY21 (July-Sep 2020 quarter) against profit at Rs 71.3 crore in the previous year. Revenue plunged to Rs 367.9 crore from Rs 722 crore YoY.
KPIT Tech bagged large deal from the BMW Group. The series order is spread over several years. Bharat Forge reported consolidated net loss of Rs 13.2 crore in Q2FY21 against profit of Rs 205.4 crore YoY. Consolidated revenue fell 36.2% at Rs 1,376 crore against Rs 2,155.2 crore YoY.
GPT Infra bagged an order valued at Rs 245 crore from North Central Railway, Jhansi, Uttar Pradesh for construction of bridge on Yamuna River for single line over substructure for double line, including earthwork & protection works in connection with Khairar- Bhimsen doubling.
Godrej Industries Q2 net profit fell 44.8% YoY at Rs 205.3 crore against Rs 372.2 crore YoY. Revenue was down 9.2% at Rs 2,386.3 crore against Rs 2,628.7 crore.
Coal India net profit for Q2FY21 fell 16% to Rs2,948 crore compared to Rs3,522 crore YoY. Revenue rose slightly by 1% to Rs22,237 crore from Rs22,012.94 crore.
Indraprastha Gas net profit fell 8% to Rs380 crore compared to Rs415 crore YoY. Revenue declined by 23% to Rs1,471 crore from Rs1,911 crore YoY.
20 Microns net profit rose 19% to Rs8.45 crore from Rs7.09 crore in the previous year. Revenue declined 5% YoY to Rs129.35 crore.
Garden Reach Shipbuilders & Engineers reported 36% YoY decline in net profit to Rs37.69 crore for Q2FY21. Revenue declined 37% YoY to Rs319.79 crore.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below: