Epic Update Ashok Leyland
Equity benchmarks extended gains in afternoon trade with the Sensex rising 488.32 points or 1.93 percent to 25793.79, driven by banking & financials, IT, infra and FMCG stocks.
The Nifty climbed 158.55 points or 2.05 percent to 7907.40. The market breadth remained in favour of advances with 2:1 ratio.
Bajaj Auto rallied more than 4 percent after the two-wheeler maker’s fourth quarter earnings met analysts’ expectations. Profit grew by 29 percent and revenue increased 14 percent YoY.
Ashok Leyland tanked 7 percent after the commercial vehicle reporting a 66 percent decline in Q4 profit due to exceptional loss of Rs 379 crore.
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Equity benchmarks extended gains in afternoon trade with the Sensex rising 488.32 points or 1.93 percent to 25793.79, driven by banking & financials, IT, infra and FMCG stocks.
The Nifty climbed 158.55 points or 2.05 percent to 7907.40. The market breadth remained in favour of advances with 2:1 ratio.
Bajaj Auto rallied more than 4 percent after the two-wheeler maker’s fourth quarter earnings met analysts’ expectations. Profit grew by 29 percent and revenue increased 14 percent YoY.
Ashok Leyland tanked 7 percent after the commercial vehicle reporting a 66 percent decline in Q4 profit due to exceptional loss of Rs 379 crore.
For more information and best STOCK TIPS Calls us ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH
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