Indian equity benchmarks ended higher on Friday with the Sensex gaining 203.01 points or 0.34% to close at 59,959.85  points. The Nifty gained 49.85 points or 0.28% to settle at 17,786.80 points.

The broader indices ended mixed with the BSE MidCap index losing 0.41% and the SmallCap index down by 0.62%. The top gaining sectoral indices on the BSE were Auto by 1.66%, Energy 1.20%, Oil and Gas 0.76%, Consumer Discretionary 0.32% and Consumer Durables 0.25%. While the top losing sectoral indices on the BSE were Metal by 1.44%,  Commodities down by 1.08%, IT down by 0.76%, Bankex down by 0.72% and Telecommunication down by 0.55%.

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Maruti Suzuki Limited: The stock opened with a positive gap and ended 4.95% higher at Rs 9,494.10 after it reported a consolidated net profit of Rs 2,112.5 crore in July-September quarter of fiscal year 2023, against Rs 486.9 crore in the corresponding quarter of last fiscal. Revenue from operations was at Rs 29,942.5 crore, against Rs 20,550.9 crore in the year-ago quarter. 

SBI Cards and Payment Services Ltd: The stock ended 5.44% lower at Rs 810.95 on the BSE after it reported a 52% hike in its net profit at Rs 526 crore for Q2FY23. SBI Card’s total income rose 28% to Rs 3,452 crore from Rs 2,695 crore in the year-ago quarter. The interest income grew 27% to Rs 1,484 crore and income from other sources jumped 29% to Rs, 1,813 crore, the company said in a regulatory filing.

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Tata Chemicals: The stock ended 4.74% lower at Rs 1,131.75 on the BSE after reporting a consolidated net profit of Rs 685 crore for second quarter of financial year 2022-23 against Rs 248 crore in the year-ago period. Revenue from operations reported stood at Rs 4,239 crore, up 40% year-on-year. The operating performance showed improved realizations and efficient cost management in terms of increased energy and input costs.

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Aditya Birla Sun Life AMC: The stock opened with a negative gap and ended 4.90% lower at Rs 412.00 on the BSE after the company reported a 10.75% year-on-year jump in consolidated profit at Rs 191.68 crore for September quarter. Revenue from operations was 6.3% down year-on-year to Rs 311 crore for the quarter.

Infibeam Avenues: The stock opened with a positive gap and ended 19.97% higher at Rs 17.36 on the BSE after it received in-principle authorization to operate as a payment aggregator, from the Reserve Bank of India (RBI). Following this, the company is allowed to provide digital payment services nationwide to any merchant(s) online or offline.

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Supreme Petrochem: The stock opened with a negative gap and ended 3.08% lower at Rs 690.00 after the company reported a 53% year-on-year (YoY) falling standalone profit at Rs 59.64 crore for July-September quarter of financial year 2023. Revenue from operations jumped by 3.7% year-on-year to Rs 1,234.6 crore in the reviewed quarter. The company’s board approved the sub-division of shares from one equity share (face value of Rs 4 each), into two shares (face value of Rs 2 each), subject to the approval of shareholders.

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Dhanuka Agritech: The stock opened with a positive gap and ended 5.48% higher at Rs 722.40 on the BSE after the company announced to consider the proposal for the buyback of its equity shares through the tender offer route next week. The company’s board will also consider unaudited standalone and consolidated financial results for the quarter and half year ended September 2022.