When will Swiggy turn profitable? Management answers post Q2 results

Swiggy said that the Instamart business is at an inflection point and is expanding to more geographies, consumer shopping missions and categories in retail.

Swiggy said that the Instamart business is at an inflection point and is expanding to more geographies, consumer shopping missions and categories in retail.

Shares of five state-run companies including NTPC Green Energy, NMDC Steel, SAIL, Union Bank and Bank of Baroda have outperformed in Tuesday’s trading session. Here is a look at how these five companies have performed today.

Shares of Wipro Ltd ended at ₹291.70, down by ₹292.85, or 50.10% on the BSE.

Both HEG and Graphite India are trading with gains on very significant volumes during Tuesday’s trading session.

Revenue of Swiggy’s Instamart business doubled on a year-on-year basis but that unit too remained loss making. Revenue increased on a sequential basis as well.

The Nifty gained 181 points to close at 24,457, while the Sensex added 598 points to end at 80,846.

Both Suzlon Energy and Inox Wind shares reached their fresh highs earlier this year—Suzlon hit ₹86.04 on September 12, while Inox Wind reached ₹261.90 on September 23.

During the September quarter earnings call, the management had indicated a resolution of the facility by December.

NBCC Share Price | The order is for various phase-wise construction activities for Motilal Nehru College New Delhi.

The management further said that the B2C business will have an annual cash burn rate of ₹30 crore, which will continue to increase. No money from MapMyIndia will be invested in the new entity, they added.