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Paper stocks are in action since the ban of single-use plastics from July 1, said Prashanth Tapse, Senior VP- Research, Mehta Equities. With this alternative paper sector gets an undue advantage, leading to high demand, he said.

The Nifty Auto index closed 3.27 per cent up at 12953.65.

"Gold prices traded weak with spot gold prices at COMEX trading around 0.14 per cent down," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.

"The average increase in diesel prices by 11 per cent during the Q1 has resulted in an increase of all in-bound/out-bound logistics cost," it said, adding "during the Q1, the average price of pet coke has increased by 90 per cent compared" to the corresponding quarter.

The number beat the Rs 3,985 crore profit figure analysts anticipated in an ET NOW poll.

"Profit after tax increased by 151.6 per cent to Rs 802 crore from Rs 318.8 crore in Q2/2021, driven by high growth in revenue from operations and improvement in margins," the earning statement said.

Eveready Industries, in which the Burman family were classified as promoters last month, reported total expenses of Rs 310.50 crore in Q1 FY 2022-23, up 27.16 per cent from Rs 244.17 crore earlier.

"Arvind continued to deliver on its stated objective of reducing Long Term debt, and reduced it by Rs 56 crores during this quarter. Arvind Limited closed the quarter at a net debt of Rs 1,809 crore," it said.

Its total revenue from operations rose 15.10 per cent to Rs 249.44 crore during the period under review, as against Rs 216.71 crore in the corresponding quarter a year ago, said a regulatory filing by Bajaj Consumer Care.

"Our digital services for DPs (depository participants), investors and other market participants have been delivering on the promise of making it easier to access the securities markets independently and improve the experience for all market participants," he added.