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PVR Inox reported a 20% decline in consolidated profit after tax (PAT) at 12.8 crore in Q3 FY24. Revenue from operations increased 64% YoY to 1,546 crore. The company recorded 36.5 mn admissions with an average ticket price of 271 rupees. PVR Inox continued its growth momentum with 29 new screen openings in the quarter, reducing net debt by 210 crore.

Net interest income (NII) during the quarter came in at Rs 11,101 crore, up 3% year-on-year. Pre-provision operating profit was down 15% YoY to Rs 7,015 crore, compared with Rs 8,232 crore in the corresponding quarter of last year.

Dabur India Q3 Results: Consolidated revenue for the quarter increased 7% YoY to Rs 3,255 crore, which was also on expected lines. In constant currency (CC) terms, consolidated revenue grew by 10%, and the international business saw a nearly 12% growth. Sequentially, the consolidated topline rose just 1.6%, while the bottomline declined 0.2%.

The stock quoted a 52-week high of Rs 2579.85 and a 52-week low of Rs 1434.6.

The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price was declining.

Sensex and Nifty surged today, led by gains in heavyweight bank stocks like HDFC Bank and LIC. The rally comes ahead of the US Fed meeting and the Interim Budget. The Budget session is expected to be interim, with lower expectations due to the upcoming Lok Sabha elections. The market will focus on any proposals regarding taxation of investments in the capital market. Meanwhile, the Fed is expected to maintain its benchmark interest rate, with questions remaining on the timeline and quantum of rate cuts.

A total of 45,260 shares changed hands on the counter till 02:10PM (IST).

Adani Wilmar Q3 Results: Adani Wilmar reported an 18% YoY drop in Q3 FY24 profit at Rs 200.9 crore. The company achieved the second-best EBITDA till date of Rs 504 crores in Q3. The revenues from branded products in the domestic market have been growing at 40%+ YoY. Adani Wilmar is focusing on scaling up its General Trade distribution network to realize the immense opportunity in packaged staple foods.

The board has recommended an interim dividend payout of Rs 8.50 a share, and has set February 9 as the record date to determine eligible shareholders. The dividend will be paid before February 23, the company said.