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Revenue for the company nearly tripled to Rs 38,175 crore, against Rs 13,218 crore in the year-ago period. The increase was on account of strong performance by integrated resource management and airport business, the company said.

In what is seasonally a weak quarter for residential real estate, Mahindra Lifespaces garnered Rs 399 crore of pre-sales taking us to over Rs 1,000 crore of residential sales for the first half of the fiscal…Industrial leasing too, maintained strong momentum, clocking Rs 68 crore.

Raymond continues to deliver high operating performance along with profitable growth for the 4th consecutive quarter, leveraging optimism in the market and improved consumer demand.Focused approach has driven growth over pre-Covid levels and cost consciousness has led to deliver yet another record profitable quarter,said an earning statement by the company.

The current market texture is non-directional. Perhaps, traders are waiting for either side to breakout. For the bulls, now 18,150/61,100 would be the fresh breakout level and above which the index could rally till 18,250-18,300/61,300-61,500. On the flip side, a fresh round of selling is possible only after the dismissal of 17950/60500. Below which, the index could slip till 17850-17800/60300-60150.

In afternoon London deals, sterling shed 2.1 percent to $1.1158, one day after the Federal Reserve hiked its own rate and warned it would go higher than previously thought to tame inflation.

The Dow Jones Industrial Average traded 273 points lower, or 0.85%. The S&P 500 and Nasdaq Composite slid 1.1% each.

“The CGD (city gas distribution) industry continues to face a challenging scenario with significantly higher input gas prices mainly due to geopolitical factors as well as supply shortages across the globe,” said CEO Suresh P Manglani in a press release.

Revenues from operations in the quarter under review increased 7.4% to Rs 9075.35 crore, from Rs 8453.40 crore in the year-ago period. Earnings before interest, tax, depreciation and amortisation (Ebitda) stood at Rs 1038 crore in the period under consideration.

“This calendar year US yields would have probably gone up by as much as 300 bps but Indian 10-year yield has gone up by around 100 bps. To some extent, this is because of the fact that the Reserve Bank has actually raised 190 bps of repo rate but it is also combined with the fact that Indian insurance companies and provident funds and the banking system have been picking up such long duration bonds.”

From NSE500 list of stocks, 50 stocks fit the criteria but in terms of price performance, most of these stocks traded weak in the last one year timeframe. However, there are seven stocks in the list which have gained anywhere between 30% to 100% during the same time period.