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Biggest losers on the Nifty were Hero MotoCorp, Tata Motors, Tata Steel, NTPC and Eicher Motors, while gainers were Divis Labs, Nestle India, HUL and Asian Paints
Sector rotation is evident. But stock-specific rally will still continue. I do not think that bull market has ended.
Laurus Labs Q1 consolidated net profit fell 90% YoY to INR25 crore due to lower sales and elevated expenses. The API business reported a 2% growth in revenues to INR597 crore, however, sequentially it experienced a 16% decline. Indian Energy Exchange recorded a 10% YoY rise in consolidated
To hold 33.86% stake post-completion of the transaction
Company in the quarter ended March 2023 reported 55.3 percent fall in its Q4FY23 net profit at Rs 102.98 crore against Rs 230.50 crore in March 2022.