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Stocks in the news: RIL, SBI Life, ICICI Bank, JSW Steel, Voda Idea and Yes Bank

24 Jan , 2022   By : monika singh


Stocks in the news: RIL, SBI Life, ICICI Bank, JSW Steel, Voda Idea and Yes Bank

Nifty futures on the Singapore Exchange traded 149 points, or 0.84 per cent, lower at 17,488, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today's trade:

Axis Bank, SBI Cards, HDFC AMC NSE -1.96 %: Axis Bank, SBI Cards and Payment Services, HDFC Asset Management, Deepak Nitrite, Shriram Transport Finance Company, Supreme Industry, Indian Energy Exchange, The Ramco Cements, Indiamart Intermesh and Zensar Technologies are among the companies that will announce their December quarter results today.

Reliance Industries: Billionaire Mukesh Ambani's oil-to-retail-to-telecom conglomerate's consolidated net profit climbed 35.6 per cent sequentially and 41.5 per cent over the year-ago period to Rs 18,549 crore in the quarter ended December 31, 2021, the firm said in a statement.

ICICI Bank: The private sector lender reported a nearly 19 per cent jump in its consolidated profit to Rs 6,536 crore for the quarter ended in December 2021, helped by higher net interest income (NII) and lower provisions. The bank had posted a profit after tax of Rs 5,498 crore in the year-ago period.
JSW Steel: The metal player posted a 69 per cent jump in its consolidated net profit to Rs 4,516 crore for the quarter ended December, mainly on account of higher income. The firm had clocked a net profit of Rs 2,669 crore in the year-ago period.

Yes Bank: The private lender lender Yes Bank on Saturday reported a 77 per cent jump in profit to Rs 266.43 crore for the third quarter ended December 2021. The bank had posted a profit of Rs 150.77 crore in the October-December quarter a year ago.

Vodafone Idea: The debt-ridden telecom operator reported widening of its consolidated loss to Rs 7,230.9 crore for the third quarter ended December 2021. The company had posted a loss Rs 4,532.1 crore in the same period a year ago.

SBI Life Insurance:
 The private sector insurer reported a 56 per cent rise in net profit at Rs 364 crore for the third quarter ended December. Its profit stood at Rs 233 crore in the same quarter of the previous fiscal.

Gland Pharma: The Hyderabad-based drug maker posted a 34 per cent increase in its consolidated profit after tax at Rs 273 crore for the third quarter ended December 31, 2021, riding on robust sales across various markets. It had reported a profit after tax (PAT) of Rs 204 crore in the corresponding period of the previous fiscal.
Bandhan Bank: The net profit of MFI-turned-private lender increased 35.8 per cent at Rs 858.9 crore during the third quarter of current fiscal, registering a rise from Rs 632.6 crore in the similar previous period.

L&T Finance Holdings:
 The non-banking finance company (NBFC) reported a 12 per cent increase in its net profit to Rs 326 crore for the quarter ended December 2021. It had registered a net profit of Rs 291 crore in the year-ago period.
Inox Leisure: The multiplex chain operator reported narrowing of its consolidated net loss at Rs 1.32 crore for the third quarter ended December 2021 as the film exhibition business witnessed recovery from Covid restrictions during the period. The company had posted a net loss of Rs 102.50 crore in the October-December quarter a year ago.
IDBI Bank: The Life Insurance Corporation (LIC)-owned lender reported a 53 per cent jump in standalone profit after tax (PAT) at Rs 578 crore for the quarter ended December, aided by healthy growth in net interest income. It had reported a standalone PAT of Rs 378 crore in the corresponding quarter of the previous fiscal.
Wendt India: The manufacturer of super abrasives, machine tools and precision components reported a standalone profit at Rs 6.76 crore for the quarter ending December 31, 2021, the company said. The Murugappa Group firm reported standalone net at Rs 3.37 crore during corresponding quarter previous year.
Kajaria Ceramics: The tiles maker reported a 3 per cent rise in consolidated net profit at Rs 124.73 crore for the third quarter ended December 31. The company had posted a consolidated net profit of Rs 121.03 crore in the same quarter last fiscal.
Share India Securities: The brokerage firm's net profit rose 177.87 per cent to Rs 48.96 crore in the quarter ended December 2021 as against Rs 17.62 crore during the previous quarter ended December 2020. The revenue of the company more than doubled during the period under review.
Polycab India: The wires and cables manufacturer reported a 1.36 per cent rise in consolidated net profit to Rs 248.37 crore for the quarter ending December 31, 2021. The company's net profit for the corresponding quarter of 2020-21 had stood at Rs 245.02 crore.

ONGC: The overseas investment arm of state-owned player, ONGC Videsh Ltd, has declared a 2019 gas discovery in deepsea block in Brazil as commercially viable and has now entered the development stage that will bring it to production.


Tata Consultancy Services: 
The IT major is aiming for a high double-digit growth in revenues from Canada in the next few years as the North American country's economy grows across sectors and digitization becomes an essential aspect for businesses.

HDFC: HDFC Capital, a wholly-owned subsidiary of HDFC, has achieved the initial close of its third fund of Rs 13,500 crore focused on affordable housing. HDFC Capital's target is to finance the development of one million affordable homes in India through a combination of innovative financing, partnerships and technology, whilst focusing on sustainability.
CSB Bank: The Thrissur-based lender reported a nearly three-fold jump in net profits to Rs 148.26 crore for the third quarter ended December 2021. It had reported a net profit of Rs 53.05 crore for the third quarter of the previous financial year.

Birla Corporation: The flagship company of the MP Birla Group inaugurated its 3.9-million tonne Mukutban integrated cement plant with an investment of Rs 2,744 crore in Maharashtra.
Vardhman Textiles: The Ludhiana-based textile player reported a consolidated profit-after-tax of Rs 431.51 for the third quarter ended December 2021. The group had reported a profit after tax of Rs 174.85 crore in the year-round period.

Tanla Platforms: The IT software company reported higher profit at Rs 158 crore in Q3FY22 against Rs 93.52 crore in Q3FY21, revenue jumped to Rs 884.92 crore from Rs 654.11 crore during the period under review.
GE Power India: The utility player said its shareholders have approved the re-appointment of Prashant Chiranjive Jain as its managing director for a second term of five years, through the postal ballot.

Future Retail: To put on notice to confirm capital infusion to avert a looming loan default, Amazon told Future Retail that Samara Capital remains interested in buying out the debt-strapped retailer's businesses such as Big Bazaar for Rs 7,000 crore.


Prince Pipes and Fittings: 
Mirae Asset Mutual Fund acquired 9.6 lakh equity shares in the company via open market transactions on January 13, increasing shareholding to 5.79 per cent from 4.92 per cent earlier.


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