Stock-specific action remained in focus on Dalal Street on October 26, with investors reacting to brokerage recommendation, corporate developments and quarterly earnings.
Shares of Jyoti Structures advanced 10 percent as company has received Notifications of Award from Power Grid Corporation of India for ±800 kV HVDC Bipole Barmer-II & South Kalamb Transmission Lines for package TL01 & TL02 in Rajasthan worth of Rs 949.35 crore.
SBI Funds Management share price shed nearly 5 percent after reporting a 6 percent year-on-year decline in Q2 consolidated profit to Rs 701.2 crore, despite an 8.9 percent rise in revenue to Rs 1,192.7 crore.
Share price of Bank of India fell 4 percent despite reporting a 25.4 percent year-on-year increase in Q2 standalone profit to Rs 3,202.4 crore and an 18.5 percent rise in net interest income to Rs 7,007.2 crore. However, provisions and contingencies surged 80.7 percent to Rs 797.4 crore.
Torrent Pharmaceuticals share price gained nearly 2 percent after reporting a 9.6 percent year-on-year decline in Q2 consolidated profit to Rs 534 crore, despite a 50.8 percent jump in revenue to Rs 4,979 crore.