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The company intends to take a price hike to offset raw material pressure that impacted margins in Q2
Arpit Beriwal of Motilal Oswal Financial Services spoke to Money9 on what to expect from markets going forward.
Sensex jumped 126 points or 0.21% to 61,050 while the Nifty 50 index was quoting at 18,230 higher by 52 points or 0.29%.
RIL said a majority of its shareholders have passed a resolution to appoint Saudi Aramco chairman Yasir Al-Rumayyan as an independent director.
S&P 500 posted a record closing high on Thursday, helped by gains in consumer discretionary and technology shares, while U.S. Treasury yields jumped.
Anand Rathi is bullish on Gujarat Gas with a price target of Rs 664.
Shoppers Stop reported a net loss of Rs 3.58 crore in Q2 September 2021, lower than the net loss of Rs 97.70 crore in Q2 September 2020.
Asian Paints declined 6.29% to Rs 2,969.50 after the company posted a 28.2% decline in consolidated net profit to Rs 595.96 crore in Q2 FY22
Nifty PSU Bank led the sectoral pack on the NSE with gains of 2.73% followed by Nifty Bank adding 1.30% to end above the 40,000.
Fading earnings momentum, a low real yield, and an expensive currency point to potential vulnerability says the brokerage