The company said it has seen improved traction during the festivities and expects a much better second half of the year.
Revenue from operations declined by 1.19 per cent to Rs 1,365.1 crore, compared to Rs 1,381.6 crore in the same quarter of the previous fiscal.
Prasad Reddy Sabbella, a promoter entity of Sharat Industries, today sold 500,100 shares of the company at Rs. 45 apiece through a bulk deal on the BSE.
The total income of the company rose to Rs 740.09 crore in the quarter from Rs 458.90 crore a year ago.
The IPO comprises fresh issue of equity shares worth Rs 474 crore and an offer of sale of equity shares to the tune of Rs 126 crore by a promoter and existing shareholders.
Revenue from operations was at Rs 406.56 crore, up 1.16 per cent, during the period under review as against Rs 401.89 crore of the corresponding quarter, Star Cement in a regulatory filing.
Squid Game’s boom and bust reveals another side of the crypto frenzy: The potential for demand to suddenly dry up, or worse, for developers to abandon a project and abscond with the funds in a scam known as a rug pull.
A silent start to the day is expected on Tuesday. Nifty50 is likely to find resistance at 18000 and 18090 levels. The supports come in at 17880 and 17800 levels.
Deepak Jasani of HDFC Securities said commodity price inflation, supply chain issues, a reversal of monetary stimulus, increase in the interest rates across the globe, damage to the asset quality of lenders and slow job creation are some risks they see at this point.
The Dow Jones Industrial Average rose 14.09 points, or 0.04 per cent, at the open to 35,833.65.
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