Eicher Motors, Nykaa, NALCO, Grasim Industries Shares React Post Q3 Results
Shares of Eicher Motors Ltd., FSN E-Commerce Ltd., National Aluminum Co. and Grasim Industries Ltd. were in focus on Tuesday, after the companies announced their third quarter results.
Eicher Motors opened in the red, despite its net profit rising 15.59% to Rs 1,056.23 crore. In addition, Citi and Morgan Stanley have hiked its target price.
Nykaa, on the other hand, rose nearly 3% after it reported a 51.72% advance in net profit to Rs 26.4 crore. Its revenue also rose 26.74% to Rs 2,267.21 crore. Nalco shares surged after its profit more than tripled at Rs 1,566 crore, beating estimate of Rs 1,183 crore.
Grasim Industries Ltd. stock was also in the green, despite it reporting a loss of Rs 169 crore in the third quarter, in comparison to a profit of Rs 236 crore reported in the same period last year.
Shares of Apollo Hospitals Ltd. were trading lower on Tuesday, after its profit rose 52% to Rs 372.30 crore. Sun Pharma Advanced Research Co. stock opened in the red, after its net loss narrowed to Rs 79.5 crore, in comparison to Rs 99.7 crore. The revenue rose 7.6% to Rs 14.9 crore from Rs 13.9 crore.
Escorts Kubota Ltd. profit surged in the third quarter to Rs 323.20 crore, in comparison to Rs 297.88 crore reported in the previous quarter. However, the shares were in the red on the back of weaker tractor margin trajectory.
TVS Supply Chain Ltd.'s shares fell over 3% on Tuesday, after it swung to a loss in the third quarter. The company reported a loss of Rs 24.65 crore, in comparison to profit of Rs 9.56 crore reported in the same period last year.
While Signature Global Ltd. shares fell even as the company's profit surged in the December quarter, Bata India Ltd. was trading in the red.
Shares of Force Motors Ltd. and Yatra Ltd. were trading in the green on Monday. While ICRA Ltd., Sansera Engineering Ltd. and Insecticides India Ltd., Neuldand Labs Ltd., Responsive Industries Ltd., MTAR Technologies Ltd., Crisil Ltd. and Genus Power Ltd. were in the red.
ISGEC Heavy Engineering Ltd., Galaxy Surfactants Ltd., Ashoka Buildcon Ltd., Gujarat State Fertilizers & Chemicals Ltd., National Fertilizers Ltd., ELGI Equipment's Ltd., Honda India Ltd., HBL Engineering Ltd. and Orissa Minerals Ltd. were also trading in the red after announcing their third quarter results.
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