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Shares of Emami were trading down, while those of ABB India, Torrent Power, and Phillips Carbon Black were trading up in noon trade on Wednesday’s on the back of their respective earnings.
Emami’s share declined 2% on the BSE after the company reported a weak set of numbers for Q2FY19 with its profit falling short of the estimates. The company’s profit for the quarter stood at Rs82.4cr, 16.4% lower yoy and significantly below the estimates of Rs144.6cr.
On the other hand, shares of Torrent Power grew 11% on the BSE after the company reported a sharp growth in earnings in Q2FY19 due to an improvement in revenue growth and lower tax rate for the quarter. Its revenue rose 18.4% yoy to Rs3,444.5cr, while EBITDA stood at Rs987cr, up 17.8% yoy.
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