Indian stocks extend gains; focus now on inflation data, Q4 earnings
At 9.21 am, Sensex and Nifty edged in a range of 0.1-0.2 per cent. Barring Nifty FMCG, all other sectoral indices were trading in the green.
Shares of engineering firm BHEL on Monday tanked over 9 per cent after the company reported a consolidated net loss of Rs 1,532.18 crore for the March quarter.
The stock plunged 9.53 per cent to Rs 28.45 on the BSE.
On the NSE, the stock tumbled 9.23 per cent to Rs 28.50.
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BHEL on Saturday reported a consolidated net loss of Rs 1,532.18 crore for the March quarter, mainly due to lower revenues and deferred tax.
The company had posted a consolidated net profit of Rs 680.77 crore in the quarter ended March 2019, it said in a BSE filing.
Total income for the quarter under review stood at Rs 5,193.51 crore, down from Rs 10,489.11 crore in the year-ago quarter.
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