Stocks

Yes Bank Share price: Stocks in the news: RIL, ICICI Bank, Yes Bank, DLF, Kotak Bank and pharma stocks

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. Here are a dozen stocks which may buzz the most in today’s trade:

:

is among the fours companies that will announce their results for September 2022 quarter today.

: The largest domestic company reported a drop in the consolidated net profit for the September quarter. The bottomline fell year-on-year to Rs 13,656 crore, against expectations of double-digit growth. Consolidated revenue of the mainstay oil-to-chemicals business grew over 32% on year to Rs 1.59 lakh crore in the quarter.

: The the second largest private sector lender reported a 31.43 per cent jump in its September quarter consolidated profit at Rs 8,007 crore, helped by a steady growth in core business and also a dip in money set aside for bad loans.

Kotak Mahindra Bank: The private lender reported a healthy set of numbers, with net profit growing 27 per cent to Rs 2,581 crore for the three months to September, boosted by record margins and loan sales. The country’s fourth largest private sector lender reported a 21 per cent rise in net profit at Rs 3,608 crore in the reporting 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.

Yes Bank: The private lender reported a 32 per cent dip in September quarter net profit at Rs 153 crore, as legacy bad assets come to haunt the private sector lender, resulting in higher provisions. The bank had reported a post-tax profit of Rs 225 crore in the year-ago period.

: The loss-making telecom operator said it has received board nod to settle Rs 1,600 crore dues to equipment vendor ATC Telecom Infrastructure Ltd by converting the due amount into equity if unpaid in 18 months. It will raise the amount through equity convertible debt bonds that carry a coupon rate of 11.2 per cent per annum.

Pharma stocks: Leading drug firms Dr Reddy’s Labs, Cipla and

are recalling different products in the US market for various issues, according to the US Food and Drug Administration (USFDA).

: The city gas distributor, which retails CNG and piped cooking gas in the national capital and adjoining areas, reported a 4 per cent rise in its September quarter net profit as rise in input natural gas prices hurt margins. The net profit stood at Rs 416.15 crore in July-September compared with Rs 400.54 crore in the same period a year back.


RBL Bank:
The mid-size lender said a massive drop in provisions boosted its bottom-line by almost seven times to Rs 202 crore in the quarter to September from Rs 31 crore in the year-ago period.

: The enterprise messaging firm posted a 74.5 per cent rise in consolidated profit after tax at Rs 73.6 crore for the second quarter ended September 30, 2022. The company had posted a profit after tax (PAT) of Rs 42.17 crore in the same period a year ago.

: The private lender reported a 266 per cent jump in its net profit at Rs 556 crore for the quarter ended September 2022 on the back of strong growth in core operating income. It had posted a net profit of Rs 152 crore in the same quarter a year ago.

: The smallcap IT company posted an 11.6 per cent increase in consolidated net profit to Rs 115 crore in the second quarter ended September 30, 2022. The company had registered a net profit of Rs 103 crore in the same period a year ago.

Puravankara: The Bengaluru-based realty firm sales bookings have risen 43 per cent to a record Rs 1,306 crore during April-September period of this fiscal year on better housing demand. Its sales bookings stood at Rs 910 crore in the year-ago period.

: India’s first solar glass manufacturer has acquired 86 per cent stake in Europe’s largest solar glass manufacturer Interfloat Group for an undisclosed sum of money. With its acquisition of the Interfloat Group, BRL’s solar glass manufacturing capacity will grow to 750 tonnes per day from the current 450 TPD, an increase of 66 per cent.

IDBI Bank: LIC run lender has come out with best-ever quarterly numbers on Friday, logging in a 46 percent growth in net income at Rs 828 crore for the September quarter. The management of the bank, which is on the block for full privatization, said the performance, has been driven by all-round good show.

: The technical textiles manufacturer reported a 16.8 per cent growth in profit after tax at Rs 47.7 crore in the September quarter. The company’s Profit After Tax (PAT) stood at Rs 40.8 crore in the year-ago period.

: The agro chemicals firm has clocked an over five-fold jump in its consolidated net profit at Rs 129.81 crore for the quarter ended September on higher sales. Its net profit stood at Rs 25.18 crore in the year-ago period.

SJVN: The state-run power player said it will commission a 75 MW solar project at Kalpi in Uttar Pradesh by month-end. The project shall generate 168.34 million units (MUs) in the 1st year and the project’s cumulative energy generation over a period of 25 years would be about 3,919 MUs.


:
The electrical utilities player posted a consolidated net profit of Rs 75.42 crore in the September quarter. The company had reported a consolidated net loss of Rs 1.42 crore in the quarter ended on September 30, 2021.


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