Q2 Results Live Updates: eClerx extends losses to 10%; Multiple price target cuts for Suzlon

eClerx shares have extended their losses for the second day running, now trading 9% lower on Friday.

\n\n

The stock had dropped 11% on Thursday after their Q2 results, which were reported during market hours

\n\n

This is the third straight day of losses for the stock.

\n\n

Stock has declined in four out of the five trading sessions for the week so far.

\n\n

Blue Star reported 13% revenue growth during the quarter, well below the poll of 19%

\n\n

EBITDA margin of 5.2% was 150 basis points lower than the 6.7% figure last year and estimates of 7%$

\n\n

UCP business revenue growth at 13% Versus estimates of 30%

\n\n

EMPS business revenue grew by 15% compared to 10% estimated

\n\n

Gross margin narrowed to 21.7% from 23.4% last year

\n\n

Stock was down over 5.5% at opening lows, looking to recover from the lows of the day, now trading 2.5% lower

\n\n

Vedanta Power shares jumped after recording its first ever Positive Earnings Per Share (EPS) during the September quarter.

\n\n

The company’s revenue grew by 38% from last year, while its EBITDA more than doubled year-on-year, gaining 122%.

\n\n

Profit before exceptional items also rose 171% from last year to ₹101 crore.

\n\n

Record generations led to record results…

Original source: https://www.cnbctv18.com/technology/