25 Oct, 2022

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:

Chennai Petroleum

 NSE 4.18 %: Chennai Petroleum Corporation

Chennai Petroleum Corporation 

NSE 4.18 % is among the fours companies that will announce their results for September 2022 quarter today.


Reliance Industries

 NSE 0.86 %: 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.



 NSE 1.23 %: 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.


Vodafone Idea

 NSE -2.42 %: 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 Aurobindo Pharma

 NSE -0.73 % are recalling different products in the US market for various issues, according to the US Food and Drug Administration (USFDA).


Indraprastha Gas

 NSE 0.98 %: 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.


Garware Technical Fibres

 NSE 1.25 %: 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.