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Motherson Sumi Update by Epic ResearchThe market climbed further in noon trade with the Sensex rising more than 200 points, supported by HDFC (up 3.2 percent), Axis Bank (3.3 percent) and L&T (up 2 percent).
The 30-share BSE Sensex rallied 214.76 points to 25867.99 and the 50-share NSE Nifty jumped 63.20 points to 7923.95. The BSE Midcap index rose 0.7 percent and Smallcap advanced 0.4 percent due to positive market breadth. About 1307 shares advanced against 931 declining shares on Bombay Stock Exchange.
Motherson Sumi Systems rallied 7 percent after the company reported quarterly revenue of more than Rs 10,000 crore for the first time in history. Profit and operating profit beat analysts’ expectations, rising 21.6 percent and 13 percent YoY, respectively.
HUL and NTPC lost over a percent. SBI and Adani Ports declined 0.7 percent each.
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Posted in: Indian Market Tips
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