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DAILY EQUITY REPORT

October WPI inflation at 7%, stands
at 8-month high.


WPI inflation came in at 7 percent, versus September's 6.46
percent. Meanwhile, the August WPI inflation has been revised
upwards to 6.99 percent from a provisional figure of 6.1 percent.
The October number is at its highest level since February. While
non-food articles index moved down slightly, the core inflation rose
to 2.6 percent from 2.1 percent in the previous month.

Sun Pharma Q2 net profit
quadruples to Rs 1,362 crore.


Drug major Sun Pharmaceutical Industries posted a four-fold
increase in consolidated net profit to Rs 1,362.30 crore for the
second quarter from a year earlier, when it made a provision for
possible damages in a patent case. The company had posted a
profit of Rs 319.64 crore in the same period of the previous financial
year.

BPCL rides high on govt
compensation.


BPCL reported better than expected net profit for the quarter ended
September on the back of government and upstream companies
compensating about 98 per cent of the under recoveries on sale of
retail fuel like diesel, kerosene and LPG. The gross refining margins
(GRMs) of $4.38 a barrel were also higher, albeit marginally,
compared to analysts’ expectations of about $4 a barrel.

BPCL rides high on govt
compensation.
 

BPCL reported better than expected net profit for the quarter ended
September on the back of government and upstream companies
compensating about 98 per cent of the under recoveries on sale of
retail fuel like diesel, kerosene and LPG. The gross refining margins
(GRMs) of $4.38 a barrel were also higher, albeit marginally,
compared to analysts’ expectations of about $4 a barrel.


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