We had mentioned in previous week’s closing report that Nifty, Sensex continues to trend up. On Tuesday, the major indices were buoyant and closed with decent gains. On the NSE, there were 1,062 advances, 804 declines and 360 unchanged.
The trends of the major indices in the course of Tuesday’s trading are given in the table below:
Tata Steel reported a 59.6% fall in net profit during Q2FY21 (July-September 2020 quarter) at Rs 1,635.4 crore, against Rs 4,043.5 crore YoY. Revenues rose 7% YoY to Rs37,154 crore compared to Rs34,579 crore YoY.
Eveready Industries India reported over three-fold jump in consolidated net profit to Rs 57.22 crore compared to Rs 18.11 crore YoY. Revenue went up 6.95% to Rs 372.62 crore compared to Rs 348.40 crore YoY.
Embassy REIT has agreed to purchase Embassy TechVillage assets from affiliates of Embassy Sponsor, Blackstone Sponsor and other selling shareholders for a total consideration of $1.3 billion.
NBCC (India) has secured the total business of Rs. 1165.52 crore in the month of October, 2020.
The government said several local and foreign investors have expressed interest in buying its 52.98% stake in BPCL and it will not extend the deadline for private firms submitting initial bids.
ONGC reported 54.6% fall in Q2FY21 net profit at Rs 2,877.8 crore as against Rs 6,336.2 crore YoY. Revenue declined 30.9% to Rs 16,917 crore from Rs 24,492.6 crore YoY.
Sadbhav Engineering Q2FY21 net profit declined to Rs 5.2 crore from Rs 25.8 crore. Revenue fell 27.1% to Rs 412.2 crore from Rs 565.1 crore YoY.
Lenders to bankrupt financier Dewan Housing Finance are likely to call for fresh bids after the Adani group unexpectedly offered a higher price for the company’s assets. In the revised bids, Piramal Enterprises offered Rs 25,000 crore for DHFL’s retail book, while Oaktree bid Rs 31,000 crore for the entire company. Adani had bid around Rs 2,700 crore for the wholesale/slum redevelopment authority (SRA) books only.
Mahindra & Mahindra’s farm equipment sector announced that it will manufacture a new tractor series called the 'K2', exclusively at the company's tractor manufacturing facility at Zaheerabad in the state of Telangana.
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: