New Delhi: Here are the top 10 stocks that could be in focus on Tuesday:
Reliance Industries: Mukesh Ambani’s Reliance Industries Limited (RIL) has said that it will demerge its financial services business and list it separately on stock exchanges under Jio Financial Services Limited, to create new opportunities for retail and retail. To meet the increasing demand for financial services of the era. small business customers.
ICICI Bank: India’s second largest private sector lender reported a 31.43 per cent year-on-year rise in its consolidated net profit for the September quarter. 8,006.99 crore. On a standalone basis, ICICI Bank posted a growth of 37.14 per cent in the September quarter 7,557.84 crores. total income increased 31,088 crore in the quarter under review, while total expenses climbed 19,408 crore from 18,027 crores.
Kotak Mahindra Bank: Net profit up 27% year-on-year on Saturday 2,581 crore for the quarter ended September. Total income increased during the period July-September 10,047 crore to 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 2,670 crore for the second quarter ended September, mainly helped by volume growth. Total income grew by 16.44% during the quarter under review: 15,253 crores.
SpiceJet: India’s aviation regulator has removed the 50% limit on SpiceJet, allowing it to operate all its flights from October 30. The budget airline can now operate 3,193 flight departures weekly during the winter time, which is 6.6% more than what was approved for last year’s winter schedule. The winter program runs from 30 October to 25 March.
JSW Steel: JSW Steel reports consolidated net loss on Friday 915 crore for the quarter ended September. The company posted a consolidated net profit of 7,179 crore in the year-ago period. However, the total income increased during the quarter under review 41,966 crore from 33,449 crore a year ago. Crude steel production stood at 4.95 million tonnes, up 21% this year.
Ambuja Cements: Ambuja Cements, now part of the Adani Group, on Friday reported a 94.24 per cent fall in its consolidated net profit. 51.30 crore for the September quarter, primarily on account of rising fuel prices and the associated inflationary impact. The company made a net profit of 890.67 crore in the year-ago quarter, Ambuja Cements said in a BSE filing. Its revenue from operations grew 7.46% 7,143.17 crore as compared to 6,647.13 crore in the corresponding quarter of the previous financial year.
Vodafone Idea: The board of Vodafone Idea Ltd on Friday approved the plan to sell 1,600 crore convertible bonds to ATC Telecom Infrastructure. The funds will be used by Vodafone Idea to pay certain dues to the tower operator for renting out its property to provide mobile phone services in India. The telco said it will sell 16,000 optionally convertible, unsecured, unrated and unlisted debentures 10 lakhs each in one or more installments.
Hindustan Zinc: Vedanta Group firm Hindustan Zinc on Friday reported 32.8% rise in consolidated net profit 2,680 crore for the quarter ended September 2022 on account of factors such as higher zinc volume and prices and benefit from strategic hedging. The company 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 Mishra said production of both metals and silver has increased and this has contributed to EBITDA.
UPL: Private equity firms KKR, Brookfield and TPG, and sovereign wealth fund Abu Dhabi Investment Authority (ADIA) will invest a total of $500 million (approximately). 4,040 crore) to buy minority stake in group companies of Mumbai-based agrochemicals company UPL Ltd, including the Advanta Enterprises Ltd entity.
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