CLOSING BELL: Reliance Industries (RIL) was the biggest contributor, accounting for over 65 per cent of today's gains, as its shares surged 3.6 per cent
Semiconductor shortage and high commodity prices dent margins
In addition to volume growth, margin gains hinge on raw material/freight cost movement
Company had 'stellar performance' in international markets with more than 100% growth, says managing director
CLOSING BELL: SBI was the biggest laggard on the index, down nearly 5 per cent, as the lender's Q4 missed Street's estimates
Mid-sized motorcycle maker Royal Enfield had reported sales of 53,298 units in the same month last year
Auto stocks too could be in limelight as the government shortlisted 75 firms under its PLI scheme for the sector.
The new bike is powered by a 411 cc, 4-stroke single-cylinder engine which has a maximum power of 24.3 bhp at 6,500 rpm and max torque of 32 Nm at 4,000-4,500 rpm
Closing Bell: The benchmarks were bogged down by Maruti Suzuki, Dr Reddy's Labs, Bajaj Auto, Hero MotoCorp, ICICI Bank, HDFC twins, Eicher Motors, and Sun Pharma
Some troops in Russia's military districts adjacent to Ukraine are returning to their bases after completing drills, Russia's defence ministry was quoted as saying
The company's management is optimistic that supply chain constraints will gradually ease out over the next two quarters and production to stabilise over time.
The company had posted a consolidated net profit of Rs 532.59 crore in the December quarter of 2020-21
The NSE Nifty50, on the other hand, breached below the 16,850-mark to end 532 points, or 3.06 per cent, lower at 16,843. This was the indices biggest intra-day fall since November 26, 2021
According to Mehul Kothari of Anand Rathi, traders can buy Avenue Supermarts near the 4,150-mark with a stop loss of 3,950 for upside target of 4,550 in 3-5 weeks.
Mid-sized motorcycle maker Royal Enfield, a part of Eicher Motors, reported a 15 per cent decline in total wholesales at 58,838 units in January this year.
The gains came even as India's manufacturing activity lost some momentum in December, with the Manufacturing PMI easing to a three-month low of 55.5
Royal Enfield brand reported 43 per cent rise in month-on-month sales of 73,739 units in the month of December 2021.
Domestic sales fell, while exports rose
With this, Royal Enfield now has three local CKD units, in addition to the three manufacturing facilities in Chennai
Total revenue from operations during the quarter stood at Rs 2,249.56 crore as against Rs 2,133.6 crore in the year-ago period