Top gainer: Shriram Finance 570 ▲ 24 (+4.53%)
Top loser: Trent 5,708 ▼ 426 (-6.96%)
Shares of NLC India surged over 10% after the company reported more than double profit for its December quarter
Shares of NLC India surged over 10% after the company reported more than double profit for its December quarter earnings. The company’s consolidated revenue rose 39% year-on-year (YoY) to ₹4,411 crore from ₹3,164 crore in the same period last fiscal year. NLC India’s net profit surged 167.2% YoY to ₹668 crore from ₹250 crore in the corresponding quarter of the previous year. During the intraday trade, the PSU firm was trading at ₹232.50 apiece, soaring 10.06% on BSE.
L&T secured a major order from a steel producer in MENA region
The infrastructure major firm (L&T) secured a major order from a steel producer in MENA region on Tuesday. This led the company shares rally on the equity indices. At 11:30 AM, the company was trading 3.40% advanced on BSE at ₹3,399.10 apiece. The company will set up a Pellet Plant and a Direct Reduction of Iron (DRI) plant for a client in the Middle East & North Africa (MENA) region.
Shares of Tata Motors rallied on Tuesday
Shares of Tata Motors rallied on Tuesday as various analysts kept their outlook strong for the company. During the intraday trade, Tata Motors was trading 3.40% higher at ₹710.85 on BSE.