Indian equities bounced back, ending a two-day fall with the S&P BSE Sensex closing up 118 points at 62,547, and Nifty50 settling at 18,534 levels. Despite the laggards of IT and oil and gas sectors, stocks in metal, telecoms, and autos sectors helped drive gains. Hero MotoCorp grew by 3.09%, Zomato rose by 4.71%, and Cyient experienced a 6.49% gain. Senior Technical Analyst Pravesh Gour suggests investors buy Hero MotoCorp above Rs 2,950 and Cyient, and lists long-term recommendations for Zomato.
CEAT Q3 Results: Net profit falls 46% to Rs 97 crore on high raw materials cost
CEAT Ltd’s Q3 consolidated net profit fell by 46.48% to Rs 97.03 crore due to high raw material costs. Revenue grew to Rs 3,299.9 crore,
January 15, 2025