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Stock to Watch Today RIL RBL Bank CG Power Wipro Tata Technology
highlights
- In the last trading week (12 to 16 January), the Indian stock market closed almost without any major changes.
- Now the eyes of investors are fixed on the market of Monday, January 19.
- Shares of many companies may remain in discussion on this day, because some companies will release their quarterly results.
1. Reliance Industries (RIL)
Reliance has performed well in the December quarter. The company’s net profit stood at ₹18,645 crore. Earnings from digital business and oil-to-chemicals business increased. The company’s total income reached ₹2.65 lakh crore, while operating profit (EBITDA) stood at ₹46,018 crore.
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2. ICICI Bank
ICICI Bank’s profit declined slightly to ₹11,318 crore in the quarter. However, the bank’s interest income has increased. Due to the new rules of RBI, the bank had to make more provisions. The bank has also approved to extend the tenure of its MD and CEO.
3. HDFC Bank
HDFC Bank has given better results than expected. The bank’s profit in the December quarter stood at ₹18,653 crore. An increase was also recorded in interest income. The asset quality of the bank remains stable and the level of bad loans is under control.
4. Yes Bank
Yes Bank has presented strong quarterly results. The bank’s profit increased by 55% to ₹951.6 crore. There has been a steady improvement in bad loans. However, the challenge of increasing deposits remains.
5. RBL Bank
RBL Bank’s profit stood at ₹214 crore, which was below market expectations. There has been a slight increase in interest income. The bank said that there are some problems in the credit card segment, but there are signs of improvement in the gold loan business.
6. JB Chemicals & Pharma
The company’s profit has increased by about 22% in the December quarter. Growth was driven by good demand in the domestic market and foreign business. Margins have improved due to control in expenses and better product mix.
7. Wipro
IT company Wipro’s income has increased on a quarterly basis. There was improvement in both operating profit and margin. The company has forecast limited growth for the next quarter and declared an interim dividend of ₹6 per share.
8. Tech Mahindra
Tech Mahindra’s profit stood at ₹1,122 crore. The company’s income and operating profit have increased. Margins have also become better than before, which has shown the strength of the company’s performance.
9. Rossari Biotech
The company’s profit has increased slightly, while a good increase in revenue has been recorded. However, there has been a slight decline in margins on an annual basis.
10. UCO Bank
UCO Bank has given better results in the December quarter. Profit has increased by about 16%. Interest income has also increased and the asset quality of the bank continues to improve.
11. IDBI Bank
IDBI Bank’s profit has increased slightly, but interest income has declined. Despite this, the asset quality of the bank remains strong and the level of bad loans is low.
12. JSW Infrastructure
Both the company’s profit and revenue have increased. However, there has been a slight decline in operating margins. Overall the company’s performance remained stable.
13. Netweb Technologies
NetWeb Tech has had a stellar quarterly performance. There has been a tremendous jump in the company’s income and profits. Along with this, the company has also completed a big order worth ₹ 450 crore.
14. CG Power
CG Power has received a big order worth about ₹ 900 crore from an American company. This is the company’s largest single order so far. Through this, CG Power has entered the global data center sector.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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