A company’s profits have a direct tie to investor sentiment and how its stock performs on the market, so it’s important to know exactly how earnings affect stock prices. When a company’s earnings are up, its stock price is likely to follow.

Along the lines, Shares of Dewan Housing Finance Corporation (DHFL) on Monday jumped nearly 10 percent after the company reported a consolidated net profit of Rs 96.75 crore for the last quarter of fiscal ended in March 2021.

The company had posted a net loss of Rs 7,507.01 crore in the January-March quarter of the year-ago fiscal. The company had reported a loss of Rs 13,095.38 crore in the December quarter of 2020-21. The DHFL for the full year 2020-21, posted a net loss of Rs 15,051.17 crore, which widened from Rs 13,455.81 crore in 2019-20, DHFL said in a regulatory filing on Sunday. Total consolidated income during Q4FY21 fell to Rs 2,060.57 crore from Rs 2,160.98 crore in Q4FY20. For FY21, total income was down at Rs 8,802.78 crore as against Rs 9,578.85 crore in the preceding fiscal year.

During midsession Monday, Shares of DHFL was trading in NSE at Rs20.80 up by 9.76 percent from its previous closing. In comparison, the Nifty clocked at 15735-mark, up by 62 points in trade.,

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