Stock-specific action remained in focus on Dalal Street on October 21, with investors reacting to corporate developments and quarterly earnings.
Transrail Lighting share price rose 5 percent after the company’s board approved the proposed acquisition of a 49% stake in c for Rs 20 crore. NOPL is developing a 990 MW solar power portfolio in Maharashtra under the government’s PM-KUSUM scheme.
L&T Technology Services share price surged 12 percent after the company reported a 66.8% year-on-year surge in consolidated Q2 profit to Rs 548.2 crore, while revenue grew 12.1% to Rs 3,040.4 crore. EBIT margin expanded 220 basis points to 16.3%, and the company declared an interim dividend of Rs 20 per share.
Hindustan Zinc share price rose 2.5 percent after the company reported a 142.1% year-on-year jump in consolidated Q2 profit to Rs 6,412 crore, while revenue surged 76.5% to Rs 15,093 crore.
Waaree Renewable Technologies share price slipped 9 percent after the company reported a 30% year-on-year decline in consolidated Q2 profit to Rs 81.5 crore, despite a 36.5% rise in revenue to Rs 1,057.8 crore.