Earnings impact on stocks with Sun Pharma and others
February 13, 2019
Market players were tracking in different stocks such as Sun Pharma, oil India, Coal India and Jain Irrigation during today’s session as these were among companies which have reported their quarterly results yesterday, February 12, 2019
Pharma has reported strong earning numbers.
The Company’s profit after tax grew 286.2 percent on year on year basis
to Rs 1,241.85 crore in the Q3 ending 31-Dec-2018.
India beat market estimates in results and the stock got impacted in the market
today. As per results, the company’s
revenue grew by 15.7% to Rs25,046 crore, on year-on- year basis, while its net profit
stood at Rs 4566 crore.
India Limited reported profit after tax (PAT) for the quarter at Rs 1,233.5 crore,
while it revenue declined 6.1 percent to Rs 3514 crore.
number-first micro irrigation company Jain Irrigation System Ltd reported a
consolidated PAT of Rs91.5 crore for Q3FY19 v/s Rs67.3 crore, on YoY. The
EBITDA margin arrived at 13.36 percent.
reacted with mixed set of percentages on these stocks. At the market closing hours on Wednesday, Oil
India gained 1.71% to end at Rs. 172.70 per share on the NSE.
contrast, Sun Pharma traded lower by 1.81% and was settled at Rs. 428.70. Coal India and Jain Irrigation also cracked 0.92%
and 5.53% respectively. The shares of Coal India last quoted at Rs. 221 per
share, while Jain irrigation were priced Rs. 51.25 per share on NSE, whose
benchmark Nifty50 closed lower at 10794-mark down by 37 points and Sensex slipped at 36034, down 119 points.