Larsen & Toubro: Recorded a 15 percent year-on-year growth in consolidated net profit at Rs 2,947 crore during Q3. EBITDA margin dropped by 50 basis points to 10.4 percent for the quarter. Dr. Reddy’s: Saw a 10.6 percent year-on-year growth in consolidated net profit at Rs 1,378.9 crore, despite higher tax costs. SRF: Saw a 50.4 percent year-on-year decline in consolidated net
A short build-up was seen in 67 stocks including Coromandel International, Bajaj Finance, Chambal Fertilisers & Chemicals, Bharat Electronics, and Bajaj Finserv.
The capital goods, which recently came out of a long business downcycle sees a kind of improvement which is surprising even the promoters, says Nirav Parikh of Molecule Ventures