During Friday’s special Diwali Muhurat trading session, Indian stock market indices performed strongly. Investors will be closely watching the second quarter earnings of 47 companies, including Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC), which will be announced on Monday.
The Sensex gained 335.06 points, or 0.42%, closing at 79,724.12, while the Nifty 50 increased by 99.0 points, or 0.41%, to finish at 24,304.35. This week, market indices are expected to be influenced by Q2 results, the US Presidential Elections, and various global factors.
Companies Announcing Q2 Results Today
Prominent Indian firms reporting their Q2 results include IRCTC, IRFC, Bata India, Exide Industries, Gland Pharma, Amara Raja Energy and Mobility, JK Paper, and Tube Investments of India, among others.Additional companies revealing their earnings today include ABB India, Andhra Paper, Kaycee Industries, KEC International, Procter & Gamble Health, Raymond, Shankara Building Products, and V.S.T. Tillers Tractors.
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IRCTC Q2 Results
The Indian Railway Catering and Tourism Corporation (IRCTC) saw a 32.51% increase in net profit, reaching ₹307.71 crore for Q1FY25. The company’s shares closed at ₹831.95 on BSE on Friday. IRCTC provides ticketing, catering, and tourism services.
IRFC Q2 Results
Government-owned IRFC is set to announce its September quarter earnings on November 4. It reported a 1.6% increase in profit after tax (PAT) to ₹1,577 crore in Q1FY25, up from ₹1,551 crore in the same quarter last year. Its total comprehensive income for the quarter stood at ₹1,589 crore.
Raymond Q2 Results
The integrated textile company Raymond will announce its Q2FY25 results on Monday. Its shares rose 4.32% on BSE last week. The company reported a 26% year-on-year increase in consolidated net profit to ₹57 crore for the June quarter, with revenue nearly doubling to ₹937 crore.
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