Stock-specific action remained in focus on Dalal Street on November 3 with investors reacting to corporate developments and quarterly earnings.
Shares of Jupiter Wagons added 2% on receiving Letter of Intent (LOI) from GATX India for the manufacture and supply of 10 rakes of ACT2 Wagons, with an aggregate order value of INR 215 crore (inclusive of taxes), and an order from Chetak International Private Limited for the manufacture and supply of 5 rakes of ACT2 Wagons, with an aggregate order value of INR 109 crore (inclusive of taxes). The aforesaid LOI and order, aggregating to INR 324 crore (inclusive of taxes).
KEC International share price fell 7 percent after the company reported an 81.5 percent year-on-year plunge in Q2 consolidated net profit to Rs 29.7 crore, while revenue declined 10.2 percent to Rs 5,467.7 crore.
Trident share price surged 11 percent after the company reported a 93.1 percent year-on-year jump in Q2 consolidated net profit to Rs 175.6 crore, while revenue declined 3.8 percent to Rs 1,719.5 crore. The board also approved a capacity expansion and modernisation project worth Rs 4,650 crore.
Shares of Marico added 6 percent after the company reported a 29.2 percent year-on-year increase in Q2 consolidated net profit to Rs 558 crore, while revenue grew 13 percent to Rs 3,897 crore.