BSE 500: Stellar Q1FY23 results impart a strong rally in these counters on July 2

Coromandel International, Apcotex Industries and Tata Investment Corporation witnessed positive action in today’s session.

At the closing bell on July 27, the Sensex closed at 55,816.32, up by 1 per cent or 548 points, while the Nifty index closed at 16,641.80, up by 1 per cent or 158 points.  

  Coromandel International, Apcotex Industries and Tata Investment Corporation witnessed positive action in today’s session.  

 Coromandel International Ltd gained 6.61 per cent in today’s session and closed at Rs 6068. The shares of Coromandel International logged a fresh 52-week high at Rs 1071 in today’s session. India's second largest phosphatic fertilizer player announced its Q1Y23 results today. Net sales jumped 56 per cent on a YoY basis at Rs 5729.10 crore and PAT stood at Rs 497.55 crore, showing a growth of 48.50 per cent compared with the same period last year. 

 Apcotex Industries surged 5.86 per cent in today’s session and closed at Rs 575, logging an intra-day high of Rs 581.50 on the back of strong Q1 results posted by the company. Net revenue grew by 65.4 per cent on a YoY basis at Rs 306.5 crore while Net Profit jumped by 53.4 per cent YoY to Rs 33.56 crore. 

 Tata Investment Corporation gained 2.55 per cent in today’s session and closed at Rs 1463. The equity investment company posted robust Q1 financial results on July 26. Net revenue grew by 65 per cent on a YoY basis at Rs 101.9 crore, while net profit jumped by 58 per cent YoY to Rs 83.37 crore. The shares of Tata Investment hit intra-day highs and lows of Rs 1539.85 and Rs 1445.30, respectively. The company invests in a diversified portfolio of quoted and unquoted securities of companies, including Tata companies.