3 weeks ago

Indian shares slip as earnings, supply issues drive moves

Indian shares slip as earnings, supply issues drive moves
Stocks making the biggest moves midday: Britannia, Trent, Siemens Energy, Waaree and more · financialexpress.com

Shares are small pieces of companies that people can buy and sell, and their prices change every day.

Companies tell everyone how they did every few months, and that news can make their share price go up or down.

On August 7, the big stock markets in India went down a little bit overall.

Some companies had very good news and their shares went up.

Britannia, which makes biscuits, made more money, and its shares rose.

Siemens Energy had a very strong quarter and its shares jumped almost 12 percent.

Waaree Energies, a solar power company, said it was starting a new clean energy business, and its shares went up a little.

Other companies had harder times.

Vikram Solar made much less profit even though it sold more, so its shares went down.

Crompton Greaves, which makes electrical products, went down because it has problems getting the parts it needs.

People who buy shares watch these reports to decide what to do with their money.

Key facts

Nifty 50 level
Near 24,535
BSE Sensex level
Near 78,450
Britannia net profit
Rs 593 crore, up 14.1% YoY
Siemens Energy net profit
Rs 441 crore, up 68% YoY
Waaree Energies order book
Nearly Rs 61,500 crore
Trent revenue
Rs 5,755 crore, up 18% YoY
Vikram Solar net profit
Rs 20 crore, down 85% YoY
Crompton Greaves share move
Down about 6.3% on supply constraints

Sources

Related news