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With the past two day's decline, the share price of Glenmark Pharma has corrected 25 per cent from its 52-week high of Rs 573 touched on June 22, 2020.
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The liquidity-driven rally also lifted shares of smallcap and midcap companies that are poised for their biggest quarterly gain in six years.
Robust pricing so far and lower input costs YoY should moderate earnings decline on account of volume loss in 1HFY21.
The company reported a net loss of Rs 57 crore in Q4FY20 against a net profit of Rs 806 crore in the year-ago quarter.
Earlier this month, the state-run company said it was looking at opportunities for optimising its capital and operational expenditures.
The company's margin improved on the back of stronger performance in the early part of the quarter.
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The company reported a consolidated net loss of Rs 68.59 crore in Q4FY20 against a profit of Rs 324 crore in Q4FY19.
Despite the government's efforts to stem the economic fallout of the pandemic, the fall in income levels triggered a fall in consumption/spending
On June 26, 2020, Bright Star Investments purchased 500,000 equity shares, representing 1.26 per cent of the total equity of Andhra Paper, at a price of Rs 206.23 per share on the NSE via the bulk dea
The company posted a 4.93 per cent decline in its revenue from operations at Rs 12,560.64 crore during the quarter.
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During the period under review, ITC's stock surged dipped 27.7 per cent as compared to a 9 per cent fall in the NIfty FMCG index.
According to the report, Reliance Industries is closing in on a deal that would see it acquire stakes in some units of Future Group.
The project is to be constructed in 24 months and operated for 15 years post construction.
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Q4 EBITDA came in at Rs 2,475 crore, up 47 per cent YoY due to better profitability from gas transmission and gas trading segments.
The company has extended the deadline for completion of merger with Indus Towers by over two months till August 31.
The economy, for a large part of the quarter, was under lockdown, and hence the performance of companies would be muted.