Market movers: Companies with robust results stride on Dalal Street

Market movers: Companies with robust results stride on Dalal Street

Shreya Banthia
/ Categories: Trending, Mindshare

BASF India, Vesuvius India and HIL soar on the back of strong Q4.

Negative sentiments continued to impact the market in today’s session as most sectoral indices closed in red. Power, Energy and Metal sectors witnessed profit booking as markets lost ground.

At the closing bell on May 9, the Sensex gave up 365 points or 0.7 per cent to close at 54,470.67, while the Nifty index lost 109 points or 0.7 per cent to settle at 16,301.85. 

  BASF India, Vesuvius India and HIL witnessed positive action in today’s session.  

BASF India zoomed after the company announced its Q4 results, taking the day’s gain to 8.66 per cent and closing at Rs 2818.05. PAT in Q4 more than doubled to Rs 149.85 from Rs 55.81 on a YoY basis, a growth of 168.5 per cent. Net revenue for the quarter ended March 31, 2022, stood at Rs 3383.34 with a growth of 20.9 per cent on YoY basis. The shares hit intraday high and low at Rs 2869 and Rs 2530.55, respectively. 

HIL Ltd showed a strong rally of 8.45 per cent in today’s session and closed at Rs 3940. The share hit intraday high and low at Rs 3996 and Rs 3662.90, respectively. The company has reported its financial results for the quarter and year ended on March 31, 2022, on Friday, where the Q4 FY 22 consolidated net sales were at Rs 949.44 crore against Rs 843.95 Crore in Q4 FY 21 showing a growth of 15.58 per cent sequentially. Consolidated PAT stood at Rs 50.05 which was higher by 51.21 per cent from Q3FY 22. 

Vesuvius India witnessed a gain of 7.22 per cent in today’s session and closed at Rs 1052.25 The stock logged its intraday high and low in today’s session at Rs 1096.45 and Rs 1020, respectively. 

The company has reported its financial results for the quarter that ended on March 31, 2022, on Friday. Q1 FY 23 net sales was at Rs 310.12 crore as against Rs 247.64 crore in Q1 FY 22 showing a growth of 25.23 per cent and PAT stood at Rs 23.63 which was higher by 46.50 per cent from Q1FY 22. 

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