Advertisement
Wednesday, Dec 08, 2021
Outlook.com
Outlook.com

Stocks In Focus Today: Reliance Industries, ICICI Bank, JSW Steel, More

Reliance Industries on Friday, after market hours, reported a consolidated net profit of Rs 13,680 crore for the September quarter (Q2), up 43 per cent year-on-year.

Stocks In Focus Today: Reliance Industries, ICICI Bank, JSW Steel, More
Stocks In Focus Today: Reliance Industries, ICICI Bank, JSW Steel, More
outlookindia.com
2021-10-25T08:50:19+05:30

Here are the list of stocks that investors should look for:

Reliance Industries: The Mukesh Ambani-led oil-to-telecom conglomerate on Friday, after market hours, reported a consolidated net profit of Rs 13,680 crore for the September quarter (Q2), up 43 per cent year-on-year, on improved performance across key businesses. Consolidated revenues from operations was at Rs 1.67 trillion, up 51 per cent on year.

ICICI Bank: The private sector lender on Saturday reported its highest ever quarterly net profit of Rs 5,511 crore for Q2FY22, an increase of 30 per cent year-on-year. Profits rose on the back of a 19 per cent growth in its domestic loan portfolio. Net non-performing assets fell below 1 per cent, the lowest since 2014. Advances rose 17 per cent year-on-year and 4 per cent sequentially to Rs 7,64,937 crore as on 30 September.

NBFCs: The Reserve Bank of India on Friday announced a limit on non-bank lenders financing subscriptions to initial share sales to stem the flow of large amounts of borrowed capital by high net worth individuals to such offerings. There shall be a ceiling of Rs 1 crore per borrower for financing subscription to initial public offer (IPO), the central bank said.

Bharat Petroleum Corp: The divestment-bound oil marketing company said its board has approved the merger of the unit that operates the Bina oil refinery in Madhya Pradesh with itself.

JSW Steel: The company is planning to levy a surcharge on the sale of its steel products to its long-term OEM (original equipment manufacturer) customers. It will be the first company to introduce the concept of surcharge to the domestic steel market.

Tata Elxsi: The company's profit came in at Rs 125.33 crore in Q2FY22 as compared to Rs 78.87 crore in Q2FY21.

Apollo Tyres: The company has introduced its European tyre brand Vredestein in the country to cater to premium cars and superbike segments.

Asian Paints: A whistle-blower has flagged off related party transactions carried out by the promoters of the paint maker that allegedly benefited them at the cost of the company’s shareholders, a report said.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

CDS Bipin Rawat Dies In Helicopter Crash Near Tamil Nadu's Coonoor

CDS Bipin Rawat Dies In Helicopter Crash Near Tamil Nadu's Coonoor

The helicopter was flying from Sulur Airbase to Wellington with 14 personnel including senior officials on board.

Obituary | CDS General Bipin Rawat - A Saga Of Valour And Excellence

Obituary | CDS General Bipin Rawat - A Saga Of Valour And Excellence

General Bipin Laxman Singh Rawat holds the status of a four star general of the Indian Army. He took over as the 27th Chief of Army Staff (COAS) on December 17, 2016 succeeding General Dalbir Singh Suhag.

Rohit Sharma Completes Indian Cricket's Limited-Overs Takeover

Rohit Sharma Completes Indian Cricket's Limited-Overs Takeover

The BCCI on Wednesday appointed Rohit Sharma as the captain of India's ODI team ahead of the upcoming tour of South Africa. Rohit was already T20 skipper.

IAF’s Mi-17V5: All About The Helicopter That Crashed Carrying India First CDS Bipin Rawat

IAF’s Mi-17V5: All About The Helicopter That Crashed Carrying India First CDS Bipin Rawat

IAF’s Mi-17V5 helicopter is one of the most advanced military aircraft equipped with advanced technology to help it to traverse adverse climatic and war situations.

Advertisement