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UltraTech Cement Q3 Results: Revenue from operations rose by a marginal 3% YoY to Rs 17,193 crore. Despite the profit decline, it exceeded the Street estimate of Rs 1,195 crore, while revenues also surpassed expectations of Rs 16,854 crore. UltraTech reported 73% capacity utilization for the quarter, with domestic sales volume up 10% YoY. Energy costs dropped 13% YoY due to lower fuel prices.

A rise in Domestic Institutional Investor (DII) shareholding often reflects increased confidence among local institutions in the market or specific companies, indicating expectations of positive performance and stable economic conditions.

Spandana Sphoorty Financial posted a ₹440 crore net loss in Q3 FY24, its second consecutive quarterly loss, driven by ₹626 crore bad loan write-offs and higher provisions. Regulatory exemptions and lender discussions continue amid covenant breaches.

Hindustan Petroleum Corporation (HPCL) reported a substantial year-on-year net profit growth of 257% for the December quarter, reaching Rs 2,544 crore. HPCL attributed this growth to robust physical performance, operational efficiencies, and improved margins.

Rupee depreciation impacts Indian corporates differently. TCS and Infosys benefit from dollar revenues, while Airtel and ANI Technologies face challenges due to dollar-denominated debt. Oil & Gas companies have mixed exposure.

Hardik Matalia of Choice Broking warns that if the Nifty breaks below the crucial 23,000 support level, it could fall further to 22,500. To negate the current bearish sentiment, the index needs a decisive close above 23,500. Key resistance levels to watch are 23,300 and 23,500.

KFin Technologies Ltd on Thursday reported a 35 per cent year-on-year surge in profit after tax to Rs 90.18 crore for three months ended December 2024.

Puma shares slid more than 18% on Thursday after the German sportswear brand reported lower than expected fourth-quarter sales and a drop in annual profit, raising questions about its ability to compete against bigger rivals Adidas and Nike.

Syngene reported 18% YoY growth in Q3FY25 net profit. Revenue rose 11% YoY. EBITDA margin improved to 31.4%. Company expects single-digit revenue growth and flat profit after tax for FY25.