Black Box Q2 earnings: Net profit at Rs 73 crore, revenue hits record, stock movement and more
Shares of Black Box Ltd, the IT firm owned by the Essar Group, surged over nearly 4% on Friday after the firm reported its Q2 earnings. Black Box stock rose 3.85% to Rs 917 in the current session against the previous close of Rs 883.30. Market cap of the firm rose to Rs 16,250 crore.
Tata Steel reported net profit of Rs 5,055 crore for its India business in the second quarter, according to africaleader.com. Orissadiary.com and avenuemail.in also gave the Rs 5,055 crore figure and reported a rise of about 20% year on year. Telugupeople.com reported a 16.2% increase in Tata Steel’s second-quarter profit, while indiainfoline.com covered the company’s India operations and results in a share-price update; the headlines do not explain the different growth figures.
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