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Sensex, Nifty consolidate; ITC tanks 4% post Q3 earnings

21 January, 2015 7:49 AM
17 0
Sensex, Nifty consolidate; ITC tanks 4% post Q3 earnings

Bharti Airtel, HDFC, SBI, HUL and L&T are top gainers in the Sensex. Among the losers are Sesa Sterlite, Cipla, ONGC and Hindalco.

Net sales rose 2.5 percent to Rs 8,942 crore in the quarter ended December 2014 from Rs 8,727 crore in the year-ago period. According to the average of estimates of analysts polled by CNBC-TV18, revenue was expected at Rs 9,744 crore, up 11.7 percent.

The slow growth in cigarette business impacted overall revenue growth of the company during the quarter. Cigarettes revenue rose 0.6 percent year-on-year to Rs 4,142 crore due to price hikes in 2014.

Source: moneycontrol.com

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