Q3 result impact

There was a flurry of earnings reported by companies during the market hours on Tuesday, especially in the large-cap space led by HDFC Bank. Stock specific action remained the talk of the day, courtesy strong quarterly results.

HDFC Bank- The country's second largest private sector lender, reported beat on earnings on all fronts. Reacting to it, the stock surged more than 2 per cent to close the day at Rs 1,269.80.

Ajanta Pharma: The company reported a fairly decent set of numbers, however, stocks faced the brunt of news pertaining to USFDA import alert leading to stock plunging as much as 14 per cent intraday. Post clarification from the management stock recovered most of the losses to trade at Rs 1,746.20, down by 2.27 per cent.

TVS Motors: The two-wheeler maker reported market gains in Q3 which sparked a rally, close to 6 per cent. Stock closed at Rs 400.90; up by 5.22 per cent.

Nilkamal: Furniture maker Nilkamal reported a stable set of numbers, despite the impact of demonetisation. Stock gained close to 4 per cent to close at Rs 1530.55.

HCL Tech: HCL Tech Q3 was in line with street estimates. Even after good set of results, stock saw profit booking. Stocks closed at Rs 845.20; down by 1.41 per cent.

L&T Finance: Strong profit growth with stable asset quality was the highlight of non-banking financial company major. Stock gained by 5 per cent to close at Rs 98.85.

Zee Entertainment: The company reported lower than expected numbers. The impact can be the demonetisation effect on ad revenues. Stock closed at Rs 480.80, down by 0.5 per cent.