• Revenue down 91.9% to Rs 766.7 crore
• Net loss of Rs 2,844.3 crore from net profit of Rs 1,203.1 crore
• Ebitdar loss of Rs 1,537.7 crore from Ebitdar profit of Rs 2,656.5 crore
• Biggest net loss since listing on weak demand, suspension of flights due to Covid-19
• Load factor at 61.3% from 88.9%
• Yield up 11.1% at Rs 4.53
• RASK up 2.2% at Rs 4.19
• Total debt up 27.8% at Rs 2,35,516 crore
• All numbers are standalone and compared on a year-on-year basis

Brokerage firm UBS has maintained its buy rating on the stock with a price target of Rs 1,500. It is expecting the airline to gain further market share due to its low-cost position, strong liquidity and higher customer satisfaction.

Shares gained as much as 3% at Rs 937, snapping a two-day losing streak.

• Rises to an four-time high
• Gains as much as 8.5% to Rs 2,689
• Biggest single-day gain in four months
• Up for the second straight day
• Has gained in seven out of the last nine trading sessions
• Up 28% in the last nine trading sessions
• Today's volumes are nearly quadruple its 20-day average
• Shares trading in overbought territory with Relative Strength Index (RSI) at 70
• Is 8% away from its 52-week high of Rs 2,862.5
• Three out of the five analysts tracking the stock have a buy recommendation; 1 sell call
• The stock trades 2.8% above its 12-month consensus price target of Rs 2,556.2, implying a negative return potential

• Benchmark indices edge higher
• Nifty up 0.6% at 11,268
• Sensex up 0.6% at 38,304
• Nifty Bank up 0.45% at 22,175
• Nifty Midcap index up 0.4%
• Nifty Smallcap Index up 0.5%
• India Volatility Index down 2% to 23.61
• Nifty Media remains the only sectoral laggard; down 0.6%
• Nifty Pharma is the top sectoral gainer for the second straight day; up 2%
• Nifty I.T. up 1.5% while Nifty PSU Bank index gains 1%
• Dr Reddy's Laboratories is the top Nifty gainer; up 4%
• BPCL is the top Nifty laggard; down 4.8%
• 1,081 stocks on the NSE trade with gains while 560 decline

The rupee has opened little changed after remaining in a narrow range through the week so far.

The currency opened at 74.82 against the U.S. Dollar as compared to Wednesday's close of 74.80.

Scotiabank is asking investors to buy the local currency as it is likely to benefit from bond inflows and a weak U.S. Dollar.

Yield on the 10-year government bond opened at 5.831% as compared to Wednesday's close of 5.85%.

Bond market traders today will assess the announcements from the U.S. Federal reserve.

The Fed kept interest rates near zero and has vowed to use all its tools to support an economic recovery from Covid-19.

• Revenue up 15% to Rs 386 crore
• Net profit up 19% to Rs 46.6 crore
• Ebit up 13% at Rs 56.7 crore
• Ebit margins at 14.7% from 14.9%
• Revenue from U.K. and Europe operations up 8% at Rs 251.9 crore
• Revenue from North America operations up 2% at Rs 66.1 crore
• Revenue from the Middle East more than doubles to Rs 54.6
• Added 48 new clients during this quarter
• 12-month order backlog at Rs 764.5 crore
• Repaid loans worth $6 million during the quarter
• Crossed $50 million revenue mark during the quarter
• Share of top 5 clients to revenue down to 34.5% from 35.8%
• All numbers are consolidated and compared on a quarter-on-quarter basis

Shares gained as much as 12.7% to Rs 560. The stock is trading at the highest level since September 2018.