The market closed in the green today after a continuous decline of the last four trading days. Banking stocks have been the most important contributor to today’s market rally. Bank Nifty has also set a record high today. At the end of trading, Nifty closed at 18,125.40 with a gain of 10.50 points or 0.06% today. At the same time, the Sensex closed at 60,967.05 with a gain of 145.43 points or 0.24%.
ICICI Bank | CMP: Rs 846.75 | The stock has seen strong gains today on the back of strong second quarter results. ICICI Bank’s net profit increased by 30% to Rs 5511 crore for the quarter ended 30 September 2021. During this, the bank had to reduce the provisioning, which has increased profits. ICICI Bank’s provisioning declined 9% to Rs 2714 crore in the September 2021 quarter. Whereas the provisioning in the same quarter a year ago was Rs 2995 crore.
On the first day of the business week, today the banking stocks in the market, know how it can be tomorrow
Colgate Palmolive | CMP: Rs 1,534.90 | Today this stock has seen a weakness of about 1 percent. The company’s profit in the second quarter was Rs 269.2 crore. It was estimated to be at Rs 285 crore. The income has been Rs 1,352.4 crore. It was estimated to be Rs 1,368 crore. EBITDA stood at Rs 400.7 crore and EBITDA margin stood at 29.6%.
Tech Mahindra | CMP: Rs 1,531 | Today this stock has closed in green mark. The company’s consolidated profit in the second quarter grew by 26 per cent year-on-year to Rs 1338 crore as against Rs 1064 crore in the second quarter of last year. Explain that the profit of the company was estimated at Rs 1,357 crore. On a quarterly basis, the company had a profit of Rs 1,357 crore in the last quarter of the same financial year.
Dwarikesh Sugar | CMP: Rs 74.50 | On the back of strong results, today the stock has run more than 3 per cent. In the second quarter, the company’s profit has increased from 18 Cr to 40 Cr crore. At the same time, the income has increased from Rs 419 crore to Rs 506 crore. Income has increased from Rs 419 crore to Rs 506 crore. At the same time, EBITDA has increased from 46 Cr to Rs 69 crore and EBITDA margin has increased from 11% to 13.6%.
GMDC | CMP: Rs 75.25 | After good results, today this stock has also run around 3 percent. The company’s profit in the second quarter increased from Rs 119.5 crore to Rs 404.5 crore. At the same time, the income has increased from 235.6 crores to 486.6. EBITDA has increased from Rs 29.6 Cr to Rs 61.2 Cr.
Newgen Software | CMP: Rs 596.35 | This stock closed today with a gain. In the second quarter, the company’s profit increased from Rs 21.6 crore to Rs 37.4 crore and income increased from Rs 159.5 crore to Rs 185.5 crore. At the same time, it has increased from Rs 22.8 crore to Rs 46.7 crore. While the EBITDA margin has increased from 14.3 per cent to 25.2 per cent.
Gland Pharma | CMP: Rs 3,735 | Today this stock has also run more than 1 percent on the basis of strong results. The company said that its profit after tax (PAT) increased by 38% to Rs 302.1 crore in the September quarter as against Rs 218.9 crore in the corresponding quarter of the previous financial year. The company’s revenue for the September quarter grew by 30% at Rs 1,080.5 crore, from Rs 831.5 crore in the corresponding quarter of the previous fiscal. The company’s total income grew by 33% during the September quarter to Rs 1,131.7 crore as against Rs 851.9 crore in the corresponding quarter of the previous financial year.
Coforge | CMP: Rs 5,065.65 | Despite good second quarter results, the stock is down 5 per cent today. In the second quarter, the company’s profit grew by 18.7 per cent on a quarterly basis. At the same time, there was a growth of 7.4 percent in earnings on a quarterly basis. The company’s board has also announced an interim dividend of Rs 13 per share.
Reliance Industries | CMP: Rs 2,607 | This stock has also seen a decline today. The company’s profit for the quarter ended September 30, 2021, stood at Rs 15,479 crore, up 43 per cent year-on-year. At the same time, the income has also increased by 49.8 per cent year-on-year to Rs 1.16 lakh crore.
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