ACC stock price ended in green post quarterly results announcement today

The Markets Today in a nutshell

• Domestic benchmark indices ended with strong gains.
• Encouraging Q2 results declared by the IT companies so far also boosted investor confidence. Shares in Europe advanced across the board while most Asian stocks ended higher on Monday. Markets also reacted to Minutes released by RBI. RBI monetary policy committee may lean more on data in deciding the key interest rate going ahead, minutes of its September meeting suggested on Friday, 14 October 2022.

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? ACC stock price ended in green post quarterly results announcement today
The firm reported a standalone loss of Rs 91 crore for the quarter ended September 2022, as against a post-tax profit of Rs 449 crore in the year-ago period. The company had posted a net profit of Rs 222 crore in the June 2022 quarter. The company recorded a 7 percent rise in net sales at Rs 3,910 crore as compared to Rs 3,653 crore in the same quarter last year.  

? TATA Elxsi declines on net profit decline
The company reported a sequential decline in its net profit. For the quarter ended September, net profit stood at Rs 174.27 crore as against Rs 184.72 crore in the June quarter. Its revenue from operations grew 28 percent year-on-year to Rs 763.2 crore in the September quarter.

? HDFC Bank stock price manages to close in green post result announcement
HDFC Bank on Saturday reported a consolidated net profit of Rs 11,125 crore for the quarter ended September 30 (Q2FY23). The figure was 22.3 percent higher than the profit logged in the corresponding quarter of the previous fiscal. Foreign brokerage firm Morgan Stanley says  the profit was strong at 20% YoY, led by revenue growth. The core operating profit growth has been on a sustained rebound, while the margin has improved & has an upside risk.    

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