SpiceJet to Alembic Pharma - reasons for the stock moves on Aug 5

On August 4. the chief of the Directorate General of Civil Aviation, Arun Kumar, said SpiceJet will be permitted to reinstate its capacity but in a gradual manner and once it demonstrates it has fixed the manpower and spare part shortages.

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The company posted a strong earnings performance for the June-ended quarter. It managed to clock in a net profit for the first time in 9 quarters and the average room rate is at its highest ever level.

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The pharma company reported a loss at Rs 65.88 crore in Q1. Revenue declined nearly 5%, impacted by lower top line.

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The company's Q1 profit declined 7.1% YoY to Rs 307 crore impacted by higher input cost and freight & forwarding expenses.

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In its financial earnings results for the April-June quarter the company reported that its Gross NPA stood at 1.4% Vs 3% in the last quarter, Gold Tonnage also went down by 1.5% QoQ.

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The company reported 19.3% year-on-year growth in profit at Rs 302.60 crore for the quarter ended June 2022, and revenue grew 17.8% to Rs 1,667.40 crore.

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On August 4. the chief of the Directorate General of Civil Aviation, Arun Kumar, said SpiceJet will be permitted to reinstate its capacity but in a gradual manner and once it demonstrates it has fixed the manpower and spare part shortages.

SpiceJet

The company posted a strong earnings performance for the June-ended quarter. It managed to clock in a net profit for the first time in 9 quarters and the average room rate is at its highest ever level.

Lemon Tree Hotels

The pharma company reported a loss at Rs 65.88 crore in Q1. Revenue declined nearly 5%, impacted by lower top line.

Alembic Pharmaceuticals

The company's Q1 profit declined 7.1% YoY to Rs 307 crore impacted by higher input cost and freight & forwarding expenses.

Balkrishna Industries

In its financial earnings results for the April-June quarter the company reported that its Gross NPA stood at 1.4% Vs 3% in the last quarter, Gold Tonnage also went down by 1.5% QoQ.

Manappuram Finance

The company reported 19.3% year-on-year growth in profit at Rs 302.60 crore for the quarter ended June 2022, and revenue grew 17.8% to Rs 1,667.40 crore.

Bayer CropScience