Thirumalai Chemicals posted subdued results for the quarter ended by Q1FY19. The top-line recorded a steady decline over the previous year.

The company reported weak numbers for Q1FY19 with top-line and bottom-line declined substantially.

Considering the monthly time frame, Mid-cap index has bounced back from near the 50 per cent retracement of the prior upward rally and registered its third consecutive uptick on daily time frame. 15750-15790 will act as major resistance may be for giving bottoming out signal. 17030-17060 will act as trend reversal.

During Q1FY19, the company has opened 12 new screens taking total screen count to 512 in total 64 cities. The company is targeting a screen count of 551 by the end of FY19.

Laminate and allied products saw a jump in revenue by 15.4 per cent. Also, its Medium density fibre board segment shines with a jump in revenue from 0.6 crore to Rs. 69.88 crore.

The company received Establishment Inspection Report (EIR) for its manufacturing facility located at Amaliya, Daman. The stock spurted up by more than 8 per cent following this development.

Reliance Capital’s subsidiary, Nippon Life Insurance announced its financial performance for Q1FY19 on Tuesday where it posted persistency and premium growth. The stock of Reliance Capital surged nearly 4 per cent, registering its third consecutive uptick after consolidating for a while at its 52-week low level.

The second largest car and truck maker by market capitalisation, Mahindra & Mahindra has unveiled Furio, a new range of intermediate commercial vehicles. The stock of M&M on Tuesday opened with a gap up at 915 levels and surged to as much as 924, its new high, registering 1.8 per cent increase from previous gains.

For Q1FY19, reported EBITDA increased 22 per cent yoy to Rs. 192 crore with the corresponding margin expansion of 72 bps. EBITDA margin for the Q1FY19 stood at 9.6 per cent during the period. 

Genesys has developed a Autonomous Driving project for a community in North America. HD maps will enable the residents to have access to self-driving taxis at their doorstep. Following the development, the stock price gained over 4 per cent on Tuesday.