Seshasayee Paper and Boards shares jump 10% after Q2 results, but technicals remain weak | What's next for investors?
Indian markets moved higher in a quarterly results development.
· LiveMint Markets
Seshasayee Paper and Boards shares rose over 10% after the company reported strong second-quarter results. Profit after tax nearly doubled to ₹34.96 crore, while revenue climbed 45.3% to ₹502.99 crore. Higher production and sales volumes supported growth, though rising input.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Related coverage
Meesho Q2 Results: Loss narrows to Rs 132 crore YoY, revenue rises 34%
Jio Q2 Preview: First results after listing tomorrow. What should investors expect?
Asian Paints Q2 Results: Net profit rises 7% YoY to Rs 1,068 crore; firm announces Rs 5.75/share dividend
Vedanta Oil and Gas swings to ₹746 crore profit in Q2 despite output dip
Q2 Results Live: Varun Beverages Q3 Net Profit Rises 14% YoY; Reliance Slips, Sun Pharma Gains Ahead Of Earnings