Stocks to Watch Today: RIL, ICICI Bank, Yes Bank, DLF, Kotak Bank, SpiceJet, and Others

Nifty futures on the Singapore Exchange traded 25 points, or 0.14 per cent lower at 17,819, signaling that Dalal Street was headed for a negative start on Tuesday.

ICICI Bank

India’s second-largest private sector lender has reported a 31.43% year-on-year jump in its September quarter consolidated net profit to ₹8,006.99 crore. On a standalone basis, ICICI Bank reported a 37.14% rise in September quarter net profit at ₹7,557.84 crore. Total income grew to ₹31,088 crore in the reporting quarter, while overall expenses climbed to ₹19,408 crore from ₹18,027 crore.

Kotak Mahindra Bank

On Saturday reported a 27% year-on-year rise in net profit to ₹2,581 crore for the quarter ended September. Total income during July-September period grew to ₹10,047 crore from ₹8,408 crore in the year-ago quarter, the bank said in a regulatory filing.

Hindustan Unilever

FMCG major Hindustan Unilever Ltd. on Friday reported a 22.19% rise in its consolidated net profit to ₹2,670 crore for the second quarter ended September, mainly helped by volume growth. Total income increased 16.44% during the quarter under review to ₹15,253 crore.

RIL

Oil-to-telecom major Reliance Industries on October 21 reported a consolidated net profit of Rs 13,656 crore for the quarter ended September as against Rs 13,680 crore in the year-ago quarter.

Revenues at the petrochemical major surged 33.7 percent to Rs 2.32 lakh crore, led by strong performance of the oil-to-chemical, telecom and retail operations in the quarter.

DLF

The realty major sales bookings rose 62 per cent year-on-year during the April-September period to Rs 4,092 crore on better demand for its housing properties. Its sales bookings stood at Rs 2,526 crore in the first half of the previous financial year, according to an investors presentation by the firm.

SpiceJet

India’s aviation regulator has removed the 50% cap on SpiceJet, allowing it to operate all its flights from 30 October. The budget airline can now operate 3,193 flight departures weekly in the winter schedule, 6.6% more than what was approved for last year’s winter schedule. The winter schedule runs from 30 October to 25 March.

JSW Steel

JSW Steel on Friday reported a consolidated net loss of ₹915 crore for the quarter ended September. The company had posted a consolidated net profit of ₹7,179 crore in the year-ago period. However, total income during the quarter under review increased to ₹41,966 crore from ₹33,449 crore a year ago. Crude steel production was at 4.95 million tonnes, 21% higher on year.

Ambuja Cements

Ambuja Cements, now part of the Adani Group, on Friday reported a fall of 94.24% in its consolidated net profit at ₹51.30 crore for the September quarter, mainly due to rising fuel prices and related inflationary impact. The company had clocked a net profit of ₹890.67 crore in the year-ago quarter, Ambuja Cements said in a BSE filing. Its revenue from operations rose 7.46% to ₹7,143.17 crore as compared to ₹6,647.13 crore in the corresponding quarter of the previous financial year.

Vodafone Idea

Vodafone Idea Ltd’s board on Friday approved a plan to sell ₹1,600 crore worth of convertible bonds to ATC Telecom Infrastructure. The funds will be used by Vodafone Idea to pay some of the pending dues to the tower operator for renting its assets to provide mobile phone services in India. The telco said it would sell 16,000 optionally convertible, unsecured, unrated and unlisted debentures of ₹10 lakh each in one or more tranches.

Hindustan Zinc

Vedanta group firm Hindustan Zinc on Friday reported a 32.8% rise in consolidated net profit at ₹2,680 crore for the quarter ended September 2022 on the back of factors like higher zinc volumes and prices and gains from strategic hedging. The company had posted a consolidated net profit of ₹2,017 crore in the year-ago period, Hindustan Zinc said in a filing to BSE. The company’s CEO Arun Misra said that both metal and silver production have gone up and this has contributed to EBIDTA.

UPL

Private equity firms KKR, Brookfield and TPG, and sovereign wealth fund Abu Dhabi Investment Authority (ADIA) will invest a total of $500 million (about ₹4,040 crore) to buy minority stakes in group companies of Mumbai-based agrochemicals company UPL Ltd including its Advanta Enterprises Ltd unit.

Network18 and TV18 – the companies that operate news18.com – are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Read all the Latest Business News here

For all the latest business News Click Here 

Read original article here

Denial of responsibility! TechAI is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.