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The Nifty 50 index has recovered over 160 points from lows to turn positive.

BEML fell sharply after the company slipped into a net loss and posted a 98% drop in EBITDA, missing market expectations.

Net Loss At ₹22.4 Cr Vs CNBC-TV18 Poll Of ₹48 Cr (Profit)

Revenue At ₹1,083 Cr Vs CNBC-TV18 Poll Of `999 Cr

EBITDA At ₹4 Cr Vs CNBC-TV18 Poll Of ₹89 Cr

Margin At 0.3% Vs CNBC-TV18 Poll Of 8.9%

Net Loss At ₹22.4 Cr Vs Profit Of ₹24 Cr (YoY)

Revenue up 23.7% At ₹1,083 Cr Vs ₹875.8 Cr (YoY)

EBITDA down 94% At ₹4 Cr Vs ₹60.4 Cr (YoY)

Margin At 0.3% Vs 6.9% (YoY)

Shares of the company fell following the Q3 results announcement.

Shares of CESC Ltd CESC rose following the Q3 results announcement, hitting the intraday high of ₹155.83, but have since pared most of their gains.

The Nifty Index has recovered from the lows yet again, rising over 120 points.

The shares of Cohance Life have declined further, and now they have fallen over 70% in a year.

The Nifty Smallcap index is down close to 1% as the markets remain in a volatile space.

The Nifty IT Index continues to remain under pressure, trading with a deficit of over 700 points.

LIC MD & CEO R Doraiswamy speaks to CNBC-TV18

Take a look at Uno Minda segment-wise contribution

Ashhish Vaidya, DBS Bank India

The shares of MRF surged by over 7% after the company announced its results for Q3.

Bhavin Shah, Founder CIO and CEO, Sameeksha Capital

Greaves Electric Mobility said on Friday that its Ampere electric two-wheeler brand had made it into the Asia Book of Records following a timed climb of Tamil Nadu’s Kolli Hills.

The track, which has 70 hairpin curves and is regarded as one of South India’s most difficult hill roads, was successfully completed by the company’s Ampere Nexus electric two-wheeler.

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