Stock-specific action remained in focus on Dalal Street on October 22, with investors reacting to corporate developments and quarterly earnings.
Indosolar share price down more than 2 percent after the company reported an 89.2 percent year-on-year decline in profit to Rs 5.02 crore, while revenue fell 23.2 percent to Rs 155.6 crore.
Rajratan Global Wire share price shed 5 percent despite the company reported a 17.5 percent year-on-year rise in consolidated profit to Rs 24.14 crore, while revenue grew 26.1 percent to Rs 370.8 crore.
Tata Communications share price fell 1 percent despite a Spanish court ruled in favour of its subsidiary, Tata Communications (Spain) S.L., annulling a tax tribunal resolution and overturning a value-added tax demand of €15.51 million and a corresponding penalty of €18.10 million imposed by the Spanish Tax Agency.
Share price of Gujarat Mineral Development Corporation share price fell 1.5 percent after the company presented a dividend of Rs 223.55 crore to the Gujarat government. The dividend of Rs 9.50 per equity share was recommended by the board on May 14 and approved by shareholders on September 30.