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The company reported a beat on unit economics, but growth slowed down, said the brokerage. GOV growth of 0.7% was led by AOV growth as orders declined QoQ. Unit economics in core business surprised positively, and the management is confident about its break-even target, it said, adding that quick commerce is showing good traction.

Hence, despite significant risk to marketing segment earnings due to sustained high crude price, the brokerage maintains BUY on HPCL with an unchanged TP of INR 260.

The reported operating profit improved by Rs 424 crore from the year-ago period, and the margin improved to 2% of revenue from -27% a year ago, due to sustained improvement in contribution profit and strong operating leverage.

The stock quoted a 52-week high price of Rs 115.0 and a 52-week low of Rs 62.29.

Analysts will watch out the trend on freight costs and employee expenses as these make for a chunk of the total expenditure for the company. In the second quarter, freight handling and services cost rose 24% on year to Rs 1,436 crore. Staff expenses on the other hand, declined nearly 21% on year to Rs 353 crore.

Sapphire Foods India, incorporated in the year 2009, is a Large Cap company (having a market cap of Rs 8050.52 Crore) operating in Tourism & Hospitality sector.

On the technical charts, the RSI of the stock stood at 45.6.

Bank of Baroda shares were up 1.5% in the morning hours on Friday following the announcement. CG Power, on the other hand, could witness an inflow of $89 million as a result of the inclusion. "The stock has gained 27% since November 2022 and 90% in the last 8 months. It made a new 52-week high this week (Rs 319.5) and MSCI addition could further add to the bullish momentum.

"The Q3 earnings season has been good for the banks as was expected, and largecap IT majors as well. Also, we saw most auto companies and auto ancillary, tyre and battery companies report a good set of numbers while selective large cement players also did well. However, the hyper expectations from the retail and consumption side to turn the tables in the traditionally strong 3rd quarter, have met reality, and it wasn’t good."

Breakout from bullish flag chart with decent volume indicates upward momentum to sustain.