Stock-specific activity is likely to remain in focus on Dalal Street on October 23, following a slew of corporate developments, and earnings.
Swiggy share price fell 14 percent after the company reported a consolidated net loss of Rs 922 crore for Q2, narrowing from Rs 1,092 crore a year ago, while revenue surged 36.1 percent to Rs 7,571 crore. Quick commerce revenue grew 33.3 percent to Rs 1,306 crore, while food delivery revenue increased 21.6 percent to Rs 2,338 crore, year-on-year.
Shares of Cyient added 9 percent despite the company reported a 7.3 percent year-on-year decline in consolidated Q2 profit to Rs 132.5 crore, while revenue grew 25.5 percent to Rs 2,235 crore.
Colgate-Palmolive India share price declined 4 percent despite the company reported a 4.3 percent year-on-year increase in Q2 profit to Rs 341.6 crore, while revenue grew 12.3 percent to Rs 1,705.8 crore.
NLC India share price fell 4 percent after the company signed MoUs with the Industrial Promotion and Investment Corporation of Odisha (IPICOL) to explore coal gasification and synthesis gas production for potential use in the fertiliser sector, along with a beach sand mineral processing facility involving a tentative investment of Rs 2,000 crore. The company also plans to develop a 3,200 MW ultra-supercritical coal-based thermal power plant in Odisha, entailing a potential investment of Rs 35,000 crore.