Top gainer: ITC Hotels 172 ▲ 3.8 (+2.30%)
Top loser: ONGC 254 ▼ 7.1 (-2.73%)
Shares of Swiggy were trading in the negative territory on Thursday
Shares of food and grocery delivery giant Swiggy were trading in the negative territory on Thursday after the company released its financial results for the third quarter of the current fiscal year. In the early trade, the stock was down 4.14% to ₹400.75 apiece on the National Stock Exchange (NSE). During the intraday trade, shares of the firm was down 4.28% at ₹400.2 apiece on BSE. On Wednesday, Swiggy reported that its consolidated loss widened to ₹799.08 crore for the latest December quarter, compared to ₹574.38 crore net loss in the year-ago quarter.
Shares of Reliance Power climbed 10% on Thursday
Shares of electric power generation, transmission and distribution company Reliance Power climbed 10% on Thursday, a day after releasing a robust set of numbers for the third quarter of the current fiscal. The stock rose as much as 10% on Thursday to ₹43.94 per share on the National Stock Exchange. Reliance Power on Wednesday reported a consolidated net profit of ₹41.95 crore in the latest October-December quarter on account of higher income. In the year-ago quarter, it had posted a loss of ₹1,136.75 crore. The company’s total income grew by 8% to ₹2,159.44 crore in the reporting quarter, compared to ₹1,998.79 crore a year back.
Share of Kalyan Jewellers declined 3% after the company’s promoters
Share of Kalyan Jewellers declined 3% after the company’s promoters created additional pledge on their stake. According to an exchange filing, the promoters of the company created an additional pledge on 2.5 crore shares of the firm, representing a 2.47% stake. With this, the total shares pledged increased from 8.5 crore to 11 crore, taking the overall stake pledged to 10.73% from 8.26%. During the intraday trade, the company was trading at ₹551.55 on BSE, losing 2.83%.