Buzzing Stocks: Urban Company slumps 9% on widening Q2 losses; HDFC Bank jumps 2% on better earnings
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓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.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Moneycontrol
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
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.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Moneycontrol
Read the full, original unfiltered story directly on the publisher's portal.