The JSW Group company’s operating profit, calculated as earnings before interest, taxes, depreciation and amortisation (EBITDA) for the quarter increased by 52% on year to Rs 457 crore. Subsequently, the operating margin expanded a sharp 841 basis points to 53.83%.
Shipping Corporation Q2 Results: Net profit declines to Rs 65.7 crore
SCI said shareholders of the company have approved dividend of Rs 0.44 per equity share of face value Rs 10 each.
Taking Stock: Market extends gains on positive global cues, Q2 results
For the week, the Sensex and the Nifty gained nearly a percent each, snapping a two-week losing streak.FO Manual | Nifty resumes uptrend for second day but faces resistance at 19,300
Market breadth is tilted heavily in favour of gainers as more than two stocks rose for each one that fell.Mid-day Mood | Markets maintain momentum amid strong global cues; auto, bank stocks lead charge
Tata Motors was the top gainer in the Sensex pack, vaulting over 2.5 percent, after its return to profitability in the second quarter impressed brokerages.Big movers on D-Street: What should investors do with Britannia, JK Tyre and Minda Corp?
Stocks that were in focus included names like Britannia, which gained 3%, Tata Motors, which jumped 9.77%, and Minda Corp, whose shares declined 0.37% on Thursday.
Asian stocks set for strongest week of 2023 on interest rate cheer
S&P 500 futures were 0.1% lower, weighed by a 3% fall for Apple shares in post-market trade after the tech giant’s sales forecast fell short of expectations.
Oil prices steady, on track for second straight week of losses
Brent crude futures rose 6 cents to $86.91 a barrel by 0010 GMT, while U.S. West Texas Intermediate crude futures gained 12 cents, or 0.2%, to $82.58 a barrel.
The SP 500 is far from passive
The assumption that the SP 500 epitomises passive Investing is erroneous and illustrates poor scientific rigourTaking Stock: Market rejoices Fed decision; Nifty back above 19,100; Sensex gains 490 pts
Biggest gainers on the Nifty were Britannia Industries, Hindalco Industries, IndusInd Bank, Apollo Hospitals and Eicher Motors, while losers were Hero MotoCorp, Tech Mahindra, Bajaj Auto, Bajaj Finance and ONGC.