The results of every quarter create a stir in the stock market, and this time the same was seen. Despite the good results of some companies, their shares declined, while some companies made investors happy by showing more profits than expected. Let us know what is happening in the stock market this time and which companies are in profit and which are facing difficulties.
Aditya Birla Sun Life AMC:
The quarterly results of Aditya Birla Sun Life AMC were good, but today investors booked profits as soon as the market opened, which led to a decline in the stock. The company announced an increase of 7.3% profits during Q3 and its net profit was Rs 224.5 crore, which was better than last year. At the same time, operational revenue also increased by 30.3% to Rs 445.1 crore. Despite this, the company’s stock fell 8.45% to Rs 588.90. The reason behind this is being told by investors to book profits.
Emami:
At the same time, Emami made investors happy with his quarterly results. The company increased 7% annual profit and its net profit was Rs 279 crore. Apart from this, the company’s revenue also rose 5.3% to Rs 1,049 crore. Emami’s major brands, such as Boroplus and Navratna performed brilliantly. Due to this, the company’s shares rose 4.7% to Rs 560.7.
RailTel Corporation of India:
The quarterly results of RailTel Corporation were mixed. The company increased the annual profit of 4.7%, but a decrease in the operating margin, which led to the pressure on the shares. The company’s profit was Rs 65 crore and revenue increased by 14.8% to Rs 767.6 crore. However, the Ebitda margin declined to 15.8%, which was less than 19.4% last year. After the results, the company’s shares fell by 7.69%, and they reached Rs 336.10.
Kyanas Technology India:
Shares of Kyanus Technology also declined a major decline. The company recorded a revenue of Rs 509 crore with an annual increase of 30%, but the Q3 results were weak with expected. Although the company’s profit rose 47.1% to Rs 66.5 crore, the stocks fell 19% to Rs 4,256.95.
Union Bank of India:
Union Bank of India also satisfied investors with its quarterly results. The bank increased the annual profit of 28.24% and its net profit was Rs 4,604 crore. In addition, the bank’s advance increased by 5.94% and the retail advance increased by 16.36%. However, after the results, the bank shares jumped by 6.9%, and they reached Rs 113.