InterGlobe Aviation, Aarti Industries, Tata Steel shares gain up to 8 per cent post q3 result; paytm trades negative

Shares of Tata Steel, InterGlobe Aviation, Aarti Industries on Monday surged up to 8 per cent, while Paytm slipped near its 52-week low post q3 result. The four companies have come out with their results for the quarter ended December 2021.    

With over 8 per cent gains, InterGlobe Aviation shares surged the most, followed by Aarti Industries around 5 per cent and Tata Steel gained nearly 3 per cent. Shares of Paytm slipped around 2 per cent to trade near its 52-week low.  

InterGlobe Aviation:  

Stock of this Airline company surged nearly per cent to Rs 2146.70 amid spurt in volume and surge in profit in December quarter. India's biggest airline company reported a consolidated profit of Rs 130 crore for the quarter ended December 31, 2021, against a consolidated loss of Rs 1,436 crore posted in the previous quarter ended September 30, 2021. At 10.50 am, shares of InterGlobe Aviation traded with Rs 162.40 per share or higher by 8.23% to Rs 2136.70 a share on the BSE.  

InterGlobe Aviation, Aarti Industries, Tata Steel shares gain up to 8 per cent post q3 result; paytm trades negative

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Aarti Industries 

Shares of this specialty chemicals maker jumped nearly 5 per cent to Rs1050 after Aarti Industries reported a 367% YoY rise in the consolidated profit at Rs 772 crore for the quarter ended December 31, 2021 against Rs 165 crore in the corresponding quarter last year. Shares of this chemical manufacturer were trading flat at Rs 1000.65, marginally down by Rs 1.90, after gaining 5 per cent in the early trade around the same time.  

Tata Steel  

This Tata group stock surged up to 3 per cent to Rs 1214.45 a share on the BSE after the steel major reported a 159% YoY rise in the consolidated profits at Rs 9,573 crore for the quarter ended December 31, 2021. It posted a consolidated profit of Rs 3,697 in the corresponding quarter last year.  Tata Steel was trading higher by 2.795 or with the gain of Rs 32.80 to Rs 1208.95 per share on the BSE at 11.50.  

Paytm  

Shares of One97 Communications Ltd (Paytm) touched day's low of Rs 898.95 after Paytm's parent One 97 Communications reported a widening of the net loss YoY at Rs 778 crore for the third quarter ended December 31, 2021, against a loss of Rs 535 crore posted last year. Shares of Paytm later recovered to trade flat at Rs 952.05, down Rs 1.20 on Monday.