Shares of Kalyan Jewellers India Ltd. rose after the company witnessed revenue growth (YoY) of 60% for our India operations during the September quarter. In its q2 business update filed with the exchanges, the company said that there was robust momentum in both footfalls and revenue across all markets in India and Middle East, despite lockdown-related disruptions.
Hindustan Unilever Ltd. (HUL) continues to lay the foundation for future growth and has been able to do so ahead of peers.
JSW Energy: Shares of the energy company rose 6.6%, making them the best performer among its peers.
Godrej Agrovet Ltd. reported better than expected results driven by higher than anticipated margins in animal feed (@7.1% versus our estimate of 4.9%) and crop protection (@20.3% versus our estimate of 18.6%) segment.
IRCTC (INDIAN RAILWAY CATERING & TOURISM CORPN Ltd) more than doubled on the first day of listing, the best debut for a local company since 2017, after its public float emerged as the most sought after for the nation’s state-run firms. Lured by IRCTC’s monopoly status, investor demand exceeded shares on offer by 112 times, eclipsing the government-owned Housing & Urban Development Corp. and Cochin Shipyard Ltd., whose maiden offerings were oversubscribed more than 75 times in 2017, a record year for Indian IPOs.
GoldSilverReports.com — After closing at Rs. 3039.15 yesterday, Bajaj Auto Ltd. opened at Rs. 3035.00 today.