In addition to this, due to the challenges and restrictions, its important customer segment that is ‘hotel, restaurant, and catering’ (HoReCa) segment also faced several challenges during the first quarter.

The consolidated net sales reported in Q1FY21 came in at Rs 104.05 crore, which declined by 88.45 per cent YoY from Rs 900.94 crore in Q1FY20. 

The company reported consolidated net sales of Rs 388.41 crore in Q1FY21, which declined by 59.08 per cent YoY from Rs 949.11 crore in Q1FY20.

On Wednesday, Sensex gained by 185.23 points or by 0.48 per cent to close at 39,086.03 while Nifty rose by 64.75 points or 0.56 per cent to settle at 11,535.

Shares of the companies belonging to Adani Group have been buzzing recently. The shares of Adani Green Energy advanced by 10 per cent on Wednesday and locked in at an upper circuit of Rs 546 as the company informed that it has been ranked as the largest solar power generation company in the world by Mercom Capital.

It noted that the tariff hikes have led to the restoration of pricing power to the telcos and aided improvement in the operating metrics of the industry with growth in revenues and profit margins. 

Zydus Cadila informed the bourses on Wednesday that it has received final approval from United States Food & Drug Administration (USFDA) to market Cisatracurium Besylate Injection USP in the strength of 20 mg (base)/10 ml (2 mg/ml) multiple-dose vial

CG Power & Industrial Solutions at its board meeting held on Tuesday said that the company has received a letter from Tube Investments of India Ltd indicating the latter’s offer to infuse additional capital worth Rs 100 crore in CG Power.

On Wednesday, the stock of Central Depository Services Ltd (CDSL) became one of the top gainers on Nifty 500 index. CDSL is buzzing on bourses, up by nearly 18 per cent on an intraday basis.

The market opened flat on September 2, 2020.