Price Action: Vedanta Oil share price jumps 8% as company swings to profit in Q2; Borosil surges 15% on strong earnings

Vedanta Oil and Gas share price gained 8.5 percent after company’s Q2 consolidated profit stood at Rs 746 crore versus a loss of Rs 92 crore, while revenue increased 6.2% to Rs 2,488 crore versus Rs 2,342 crore, in the year-ago period. Share price of MTAR Technologies shed 4 percent even company’s Q2 profit increased 19.1% to Rs 59.8 crore versus Rs 50.2 crore and revenue rose 12.8% to Rs 406.8 crore versus Rs 360.7 crore, on a sequential basis.

Raymond Lifestyle shares declined 2.6% despite Jefferies maintained 'buy' rating with a target price of Rs 800 per share. The brokerage noted that September quarter revenue grew 13 percent, while EBITDA margin stood at 10.6 percent, slightly missing estimates due to higher pre-festive advertising spend. It expects stronger H2 performance driven by festive and wedding demand, supported by a healthy garmenting order book.

Borosil share price gained 15 percent after company’s Q2 net profit rose 40.5% to Rs 31.9 crore versus Rs 22.71 crore and revenue grew 8.6% to Rs 369.8 crore versus Rs 340.4 crore. EBITDA increased 32.7% to Rs 69 crore versus Rs 52 crore, while EBITDA margin expanded to 18.7% from 14.19% in the year-ago period. Indostar Capital share price shed 6 percent despite company’s Q2 net profit rose 26% to Rs 13.1 crore versus Rs 10.4 crore, while net interest income increased 34% to Rs 202 crore versus Rs 151 crore in the year-ago period.

Broader markets remained under pressure, with the Nifty Midcap index declining 0.9 percent and the Smallcap index shedding 1.3 percent. Sectorally, barring IT, pharma and healthcare, all other indices traded in the red, with energy, consumer durables and telecom indices falling around 1 percent each. Market breadth on the BSE remained negative, with 1,122 shares advancing, 2,471 declining and 155 remaining unchanged.