Traders can expect a quiet start to the session on Thursday as no clear trend has emerged either in the Asian or the US markets. The dull trend in the SGX Nifty suggests that Nifty could open marginally up by 5 points at 11,484. Aurobindo Pharma, Bharat Forge, Cera Sanitary, Cummins India, Engineers India, HSIL, IPCA Labs, Jet Airways, Page Industries, Eicher Motors will announce their results today.  

RCF reported strong quarterly results for the quarter, but with flat margin for the quarter.

The company has also announced capacity expansion of its distillery business by 160 KLPD from its current capacity of 360 KLPD by investing Rs. 207 crore. The existing capacity utilisation of the distillery business stood at 80-85 per cent.

Minda Industries reported strong results for the quarter with closed to double digit growth in its bottom-line

Its EBITDA for the quarter rose by 59.2 per cent YoY to Rs 217.6 crore as against Rs 136.70 crore in the corresponding quarter last year with a corresponding margin expansion of 970 bps. The EBITDA margin for the quarter stood at 40.4 per cent.

The company’s consolidated revenue for the quarter came in at Rs. 75.46 crore as against Rs. 63.74 crore in the corresponding quarter last year, registering 18.4 per cent yoy increase.

Equity funds continued to increase their presence in the domestic MF asset under management. This is despite a declining trend in the net inflows to the equity funds.

TVS Motors posted steady results for the quarter with strong revenue growth and EBITDA margin expansion.

State-owned aerospace and defence company, BEL will supply and services seven Long-range Surface-to-air Missile systems for MDL and GRSE.

The increase in revenue from Basic chemicals by 25 per cent offset by decline in revenue from Pigments and Agrochemicals by 4.6 per cent and 7.1 per cent, respectively.