Dalal Street saw mixed action on October 19 as several companies reported their latest earnings. Shares of HDFC Bank jumped 2% after profit rose, while Urban Company fell 9% as losses widened. Meanwhile, Ixigo shares gained 10% following a profit turnaround, and Zen Technologies shares fell 1.5% after a new investment.
Stock-specific activity is likely to remain in focus on Dalal Street on October 19, following a slew of earnings, corporate developments.
Shares of HDFC Bank gained 2% after the bank reported a 4.7% year-on-year rise in standalone Q2 profit to Rs 19,510 crore, while net interest income grew 9.7% to Rs 34,619.2 crore.
Shares of Urban Company declined 9% after its Q2 consolidated loss widened to Rs 182.5 crore from Rs 59.3 crore a year ago, despite a 41.4% rise in revenue to Rs 537.3 crore.
Shares of Le Travenues Technology (Ixigo) gained 10% after the company reported Q2 consolidated profit of Rs 61.3 crore against a year-ago loss of Rs 3.2 crore, while revenue rose 12.9% to Rs 320.96 crore.
Shares of Zen Technologies fell 1.5% after the board approved an investment of Rs 135.15 crore to acquire a 51.98% stake in defence technology company Cogknit Semantics.
Investors are expected to remain focused on brokerage calls, block deals, order wins, regulatory developments and other company-specific triggers that could drive stock-level volatility during the session.