Consolidated revenue, net of excise duty, grew by nearly 22% YoY to Rs 3,871 crore, led by a healthy growth in volumes and realisations. Despite the strong earnings growth, the stock wiped the gains and fell 0.7% to Rs 946.10 due to profit-booking.
Stocks to buy: LIC, M&M and Grasim on investors’ radar
Sensex and Nifty declined amid caution ahead of the RBI’s monetary policy announcement and foreign fund outflows. Analyst Kushal Gandhi advises against purchasing LIC and