The city-based demerged investment arm of the non-banking finance company Sundaram Finance Ltd, reported standalone net at Rs 3.78 crore during corresponding quarter of previous year.
Total income rose to Rs 252.11 crore in the second quarter of this fiscal year from Rs 202.54 crore in the corresponding period of the previous year, according to a regulatory filing.
Weekly options will expire on Wednesday instead of Thursday. Given the options data, it is seen that Nifty50 is likely to stay range-bound with the level of 18000 acting as resistance on the upside.
The Dow Jones Industrial Average rose 21.27 points, or 0.06 per cent, at the open to 35,935.11.
According to a press release issued by the firm, revenue from operations increased by 34 per cent to Rs 159.53 crore from Rs 119 crore in Q2FY21.
The telecom operator reported a 5.4 per cent sequential growth in consolidated revenue from operations to Rs. 28,326 crore for the reported quarter, which was also above analysts’ expectations.
Provisionings for bad loans and contingencies fell to Rs 3,723.76 crore, against Rs 4,242.45 crore a year ago.
Revenue rose to Rs 87,310.62 crore from Rs 61,340.30 crore mostly due to rise in oil prices.
A total of 23,134 shares changed hands on the counter till 01:31PM (IST).
On the technical charts, the RSI of the stock stood at 49.3.
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