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#311 Daily Money Show
Original: # 311 Daily Money Show | Money Purse Stock Market News
Takeaway
Heavy market sell-off on US inflation data; PNB profit declined sharply YoY.
Summary
- Market reacted to US inflation data with Sensex -359 to 15,808; mid-cap -2.19%, small-cap -1.84%, Bank Nifty -3.35%
- Order wins discussed: Middle East/India oil & gas pipeline orders Rs 169 cr; water supply project Rs 2,193 cr
- Quarterly results: company posted 56.2% YoY revenue growth, 9% QoQ; EBITDA margin up 260 bps YoY
- Punjab National Bank reported Rs 201 cr profit this quarter vs Rs 586 cr last year same quarter and Rs 1,126 cr previous quarter (sharp deterioration)
market newsPNBresults
Original description
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