Stock-specific activity is likely to remain in focus on Dalal Street on October 8, following a slew of corporate developments, and business updates.
Senco Gold share price surged nearly 8% on reporting 31% YoY growth in total revenue in Q2, while retail revenue grew 29%. Same-store sales growth stood at 19%, while diamond jewellery sales value rose 40% YoY, with volumes increasing 7%.
PC Jeweller shares added 3% on reporting 28% YoY growth in consolidated revenue in Q2, supported by healthy consumer demand. The company received remittances of Rs 142 crore from its outstanding export debtors and achieved a debt-free status after repaying its outstanding debt.
Shares of RPP Infra touched 52-week low after company decided to withdraw from and discontinue its participation as the Joint Developer in the proposed Legend 96 residential project, citing delays in obtaining approvals, financing challenges, proposed security arrangements and a proposed alteration to the agreed revenue-sharing arrangement. The company has communicated its intention to Wills Realtors, seeking termination of the Development and Financing Agreement and settlement of the amounts payable between the parties.
Fino Payments Bank share price added 13% as company's average total deposits grew 13% to Rs 2,794 crore from Rs 2,480 crore and its renewal income increased 20% to Rs 28 crore from Rs 23.3 crore, whereas transaction business throughput fell 10% to Rs 3,469 crore from Rs 3,866 crore.