Indian equity benchmarks ended higher on Friday with the Sensex gaining 1,181.34 or 1.95% to 61,840.97 points. The Nifty rose 321.50 or 1.78% to settle at 18,349.70.

The broader indices ended higher with the BSE MidCap index gaining 0.15% and the SmallCap index up by 0.33%. The top gaining sectoral indices on the BSE were IT by 2.06%, TECK 1.36%, Metal 1.35%, Financial Services 1.35%, and Realty 0.94%, while Auto 0.34%, FMCG 0.10%, Power 0.08%, and Utilities 0.05% were only gaining sectoral indices on BSE.

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Eicher Motors Ltd: The stock ended over 5% lower at Rs 3,515.65 on the BSE after the company reported a 76% year-on-year (YoY) growth in profit at Rs 657 crore for the second quarter of the financial year 2022-23. Revenue from operations stood at Rs 3,519 crore, a growth of 56.4% YoY. EBITDA rose 75% YoY to Rs 821.4 crore against the year-ago quarter. EBITDA margin rose to 23.3% YoY from 20.9% during the quarter.

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FSN E-Commerce Ventures Ltd (Nykaa): The stock ended over 10% higher at Rs 208.00 on the BSE after Lighthouse India Fund and two individual investors Mala Gaonkar and Narotam Sekhsaria offloaded 2.84 crore equity shares of the company for Rs 491.35 crore through open market transactions.

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Adani Power Ltd: The stock ended 2.74% lower at Rs 360.10 on the BSE after the company announced entering a Memorandum of Understanding (MoU) to transfer its 100% stake in Support Properties (SPPL) to AdaniConnex (ACX). The transaction value is Rs 1,556.5 crore. ACX is an equal ratio joint venture between Adani Enterprises and EdgeConneX.

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Zomato Ltd: The stock ended around 14% higher at Rs 72.80 on the BSE after the company reported a net loss of Rs 251 crore for the second quarter of the financial year 2022-23 against a loss of Rs 430 crore in the corresponding quarter last fiscal. Revenue from operations stood at Rs 1,661 crore, up by 62%, and EBITDA loss narrowed to Rs 311 crore against Rs 536 crore in the year-ago period.

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DCX Systems Ltd: The stock ended around 50% higher than its issue price, at Rs 308.80 on the BSE on Friday. The company made its grand debut on the exchanges on November 11. The issue price is Rs 207 per share. 

Apollo Hospitals Enterprises: The stock ended 3.31% higher at Rs 4,424.00 on the BSE after the company reported a 20% YoY decline in profit at Rs 212.8 crore for the second quarter of the financial year 2022-23. Revenue from operations grew 14.4% to Rs 4,251 crore against the year-ago period. EBITDA for the quarter stood at Rs 565.4 crore, which declined 8% and the margin fell by 330 bps to 13.3% during the quarter.

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The Indian Hotels Company Ltd: The stock ended nearly 7% lower at Rs 315.25 on the BSE after the company reported a consolidated profit of Rs 121.6 crore for the second quarter of the financial year 2022-23, against a loss of Rs 120.6 crore in the year-ago quarter. Revenue rose 69.2% to Rs 1,232.6 crore during the quarter. EBITDA stood at Rs 294 crore rose 304% and the margin rose by 1,390 bps to 23.9% against the corresponding quarter last fiscal.