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“The loss of BSNL (before exceptional items of Rs1499 crore) for the Financial Year 2022-23 stands at Rs 6,662 crore, which is 4.5% improvement over FY 2021-22. Further, BSNL has been EBITDA positive since Financial Year 2020-21,” Chauhan said

Domestic business revenue grew 17% YoY to Rs 489 crores in Q1FY24, despite sales for the acute business being impacted due to the delayed monsoons.The company said all its four acquisitions - the probiotic portfolio, Paedia brands, Azmarda and Razel have performed well

The cost of purchased power during the quarter stood at Rs 5,392 crore, compared to Rs 5,123.2 crore a year ago. Fuel cost declined to Rs 3,473.4 crore in the quarter from Rs 4,216 crore a year ago

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Stocks that were in focus include names like NLC India which rose more than 6%, Ircon International gained nearly 7% and Dr Reddy’s Laboratories closed with gains of over 3% to hit a fresh 52-week high on Wednesday.

August 09, 2023, witnessed a remarkable surge in the BSE MidCap Index as several prominent stocks achieved new 52-week highs, signaling positive market momentum and showcasing potential growth within various industries.

The new rules shall be applicable on a voluntary basis for public issues opening on or after September 1, 2023, and will become mandatory for public issues opening on or after December 1, 2023.

"I think we will have to restructure, not just as a division, two divisions but little more where the rest of L&T does not see them. It will be some kind of competition. That is what we did for IT by forming a separate company. Otherwise, if they are part of L&T, which they were, it was not possible because the industry was paying four times more salary. "

Strong put writer additions were observed at 19,500, which is where maximum open interest on the put side is placed. The level of 19,500 will act as a strong support and the option activity at this strike will provide important cues about Nifty’s intraday direction, Samco Securities said.

Operating profit, calculated as earnings before interest, taxes, depreciation, and amortization (EBITDA), declined 42.3% YoY to Rs 155 crore, while it rose 2% sequentially.