Among sectors, metal, IT, power, realty, bank and oil & gas were up 1-3 percent. The BSE midcap index rose 1.4 percent and smallcap index added 0.78 percent.
At close, the Sensex was up 503.27 points, or 0.94%, to 54,252.53 and the Nifty was up 144.40 points, or 0.90%, to 16,170.20 The BSE midcap index rose 1.4% and smallcap index added 0.78%.
The firm reported a net profit of Rs 10.04 crore in the March quarter, down 57.34% from Rs 23.52 crore a year ago. Revenue rose 6% from a year ago to Rs 383.71 crore.
The company would not only scale up its core brands, Lifestyle and Pantaloons, but would also rapidly strengthen new businesses in the ethnic and innerwear space.
The company has also declared a final dividend of Rs 23 (460 percent) per share of Rs 5 each including special dividend of Rs 15 per share.
The firm reported a consolidated net loss of Rs 1,681.80 crore . Revenue of the company jumped 29% from a year ago to Rs 8,020.75 crore. Operating profit margin contracted sharply to 2.1% in the quarter from 10.4% a year ago.
Coal India reported 46 percent year on year growth in consolidated net profit at Rs 6,715 crore for the fourth quarter of FY22.
Given the promising medium- to long-term outlook of Control Print, the valuation is extremely undemanding
Revenue of the company jumped 29% from a year ago to Rs 8,020.75 crore versus Rs 6,222.95 crore logged in the same quarter last year.
ICICI Direct is bullish on Aditya Birla Fashion and Retail has recommended buy rating on the stock with a target price of Rs 340 in its research report dated May 25, 2022.
YES Securities is bullish on Jyothy Labs has recommended buy rating on the stock with a target price of Rs 181 in its research report date May 24, 2022.
YES Securities is bullish on Rossari Biotech has recommended buy rating on the stock with a target price of Rs 1355 in its research report date May 25, 2022.
Prabhudas Lilladher is bullish on Bharat Electronics has recommended buy rating on the stock with a target price of Rs 265 in its research report dated May 23, 2022.
Emkay Global Financial is bullish on Dhanuka Agritech has recommended buy rating on the stock with a target price of Rs 1000 in its research report dated May 24, 2022.
Emkay Global Financial is bullish on Minda Industries has recommended buy rating on the stock with a target price of Rs 1135 in its research report dated May 25, 2022.
Emkay Global Financial is bullish on Aditya Birla Fashion and Retail has recommended buy rating on the stock with a target price of Rs 360 in its research report dated May 25, 2022.
Anand Rathi is bullish on Aditya Birla Fashion and Retail has recommended buy rating on the stock with a target price of Rs 358 in its research report dated May 24, 2022.
According to Geojit , Availability of sugar stocks in the country during Oct-Nov is important as it is the peak festival season, Food Secretary Sudhanshu Pandey said.
Anand Rathi is bullish on Minda Industries has recommended buy rating on the stock with a target price of Rs 1106 in its research report dated May 24, 2022.
Geojit is bullish on JK Lakshmi Cements has recommended buy rating on the stock with a target price of Rs 552 in its research report dated May 25, 2022.
Geojit is bullish on Godrej Consumer Products has recommended buy rating on the stock with a target price of Rs 878 in its research report dated May 25, 2022.
ICICI Direct, The Euro depreciated by 0.43% yesterday amid strong dollar and disappointing economic data from Germany.
KR Choksey is bullish on The Ramco Cements has recommended buy rating on the stock with a target price of Rs 843 in its research report dated May 25, 2022.
KR Choksey is bullish on Zydus Lifesciences has recommended buy rating on the stock with a target price of Rs 445 in its research report dated May 25, 2022.
KR Choksey is bullish on Rossari Biotech has recommended buy rating on the stock with a target price of Rs 1252 in its research report dated May 24, 2022.