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The stellar revenue performance has come on the back of only 78 per cent capacity utilisation by the company.

The company added 8 new clients during the quarter to take its total client base to 186 with 87 per cent business generated from repeat clients.

The Nifty Pharma index closed 2.23 per cent down at 13780.6.

“We hope that the government and the recent announcement of Gatishakti etc. is indication that the government is serious about monitoring implementation and if this really plays out well, in the next four-five years, I see India in a very good place as far as investments go. ”

"The chances of Nifty50 heading towards its 50-day moving average, whose value is placed around 17,500 levels, remains higher. If the bulls manage to defend the 17,860 level on Friday, some sideways consolidation can be expected," said Mazhar Mohammad of Chartviewindia.in.

Total income in July-September 2021-22 rose to Rs 4,655.86 crore from Rs 4,327.13 crore in the year-ago period, UCO Bank said in a regulatory filing.

The power company’s revenue from operations in the reported quarter climbed 18 per cent on-year to Rs 9,810.2 crore.

The company said it is also looking to raise capital through primary mode and aims to bring on board long term strategic and financial investors.

V-Guard Industries Managing Director Mithun K Chittilappilly said: "This quarter saw a recovery from the impact of the second wave of Covid-19 in the first quarter of this year during which the south and east regions were more affected. The sharp increase in input costs has had some impact on gross margins."

“India offers great opportunity to serve the underserved. Technology will be the one-stop shop for solutions. Over the last six quarters, Paytm has been significantly contribution positive.”