IRCTC, IGL, Mahanagar Gas, JSPL, Gujarat Gas, Data Patterns and Bata—How shares fared post q3 results

Shares of oil marketing and distribution companies such as Indraprastha Gas Ltd, Mahanagar Gas Limited hit 52-week low, while Gujarat Gas dropped 5 per cent post Q3 results. Besides, shares of Indian Railway Catering and Tourism Corporation (IRCTC), Data Patterns, Bata gained and Jindal Steel and Power limited declined as the companies came up with their Q3 numbers. Let's see how shares of these companies fared post q3 results. 

Indian Railway Catering and Tourism Corporation (IRCTC): Shares of IRCTC, which reported a 167.4% YoY rise in the profits at Rs 208.8 crore for the quarter ended December 31, 2021, and declared an interim dividend of Rs 2 per share, were trading with 2 per cent gains and touched day's high of Rs 868.10 per share on the BSE in early trade on Wednesday. The company posted a profit of Rs 78.1 crore in the corresponding quarter last year.  

Indraprastha Gas Ltd (IGL): Shares of this oil and gas company touched 52-week low value of Rs 379 per share after the natural gas distribution company reported a 23% QoQ decline in the standalone profit at Rs 308.5 crore for the quarter ended December 31, 2021 against a profit of Rs 400.5 crore in the previous quarter ended September 30, 2021. At 10.10 am, shares of IGL were trading lower by 2 per cent to Rs 384.75, down Rs 7.35, in Wednesday's intraday trade on the BSE.   

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Bata: Shares of footwear brand Bata gained by over 1 per cent to touch day's high of Rs 1924.20 a share on the BSE after the footwear retail company reported a 177.7% YoY rise in the consolidated profit at Rs 73.3 crore in December 2021 quarter. At 10.30, shares of Bata were trading higher by RS 11.65 to Rs 1894.70 per share. 

Data Patterns: After trading on 52-week low value of Rs 694.10 on Tuesday, shares of Defence and Aerospace electronics solutions provider recovered marginally to trade over 1 per cent higher on Wednesday post decent q3 result. Shares touched day's high of Rs 724.65 and was trading with 1 per cent gain to Rs 711.15 share. Data Patterns reported a consolidated profit of Rs 8.96 crore for the quarter ended December 31, 2021, against a consolidated loss of Rs 4.4 crore posted in the corresponding quarter last year. 

Mahanagar Gas Limited: Correcting by nearly 6 per cent, shares of Mahanagar Gas too touched new low of Rs 781.20 as the gas company saw a 72.2% QoQ decline in the profits at Rs 56.8 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 204.3 crore in the quarter ended September 30, 2021.  Shares of Mahanagar Gas were trading lower by Rs 30.20 or 3.65% to Rs 797.90 a share on the BSE on after weak q3 numbers.  

Gujarat Gas: The natural gas distribution company reported a 51% QoQ decline in the net profit at Rs 122 crore for the quarter ended December 31, 2021 in comparison to a profit of Rs 249.1 crore in September 30, 2021. Shares of Gujarat Gas were trading with nearly 5 per cent correction to Rs 632.60 per share on the BSE on Wednesday.  

Jindal Steel and Power limited: Shares of JSPL dipped 5 per cent after the New Delhi-based Indian steel and energy company reported a 28% YoY decline in the consolidated profit at Rs 1,617 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 2,255 crore posted in the corresponding quarter last year. A 10.30, shares of Jindal Steel and Power were trading nearly 3.5% lower to Rs 407.95 per share on the BSE.