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Monday, December 6, 2021

Stocks in news: These are the popular stocks of today, keep an eye on them

By keeping a close watch on every movement of stocks, your investment can definitely be protected. Here we are telling such stocks which will be in the news today and on which the market will be eyeing.

RIL’s excellent results in the second quarter

RELIANCE INDUSTRIES has delivered better than expected results in the second quarter. During this period, the consolidated profit of the company has increased by more than 11 percent to Rs 13,680 crore. Its REVENUE has jumped 19 percent to 1 lakh 67 thousand crores. There has been an increase in the profit and ARPU of Jio. The company’s GDR has seen an increase of three and a half percent.

ICICI Bank profit up 30%

In the second quarter, ICICI Bank has also presented better results than expected. Its interest has increased by 25% in earnings and 30% in profits. The best Net Interest Margin has been seen in 27 quarters. Fresh NPAs have increased but recovery has been strong.

TATA CONSUMER results close to estimates, TATA ELXI profit up 10%

The Q2 result of TATA CONSUMER has been around the estimate. During this period, the company’s revenue has increased by 9% and profits by 11%. But margins are under pressure. On the other hand, the profit of TATA ELXI has increased by more than 10%.

Approval of PAYTM’s mega IPO

SEBI has approved the Mega IPO of PayTM. The company is preparing to raise Rs 16600 crore through this IPO. There can be OFS of 8300 crores in this and there can be a fresh issue of the same amount.

MCX

In the second quarter, the company’s income declined 5% on a quarterly basis to Rs 83.2 crore from Rs 87.6 crore in the previous quarter. The company’s other income during the period stood at Rs 16 crore as against Rs 21 crore in the previous quarter. The company’s profit declined 18 per cent to 32.7 per cent in the second quarter. Which was Rs 39.8 crore in the previous quarter.

TATVA CHINTAN Q2 (YOY)

In the second quarter, the income of Tattva Chintan has increased by 107 percent to reach Rs 124 crore. At the same time, profit has increased by 814 percent to Rs 32 crore.

YES BANK Q2 (YoY)

Yes Bank on Friday released the results of the second quarter of the current financial year. Yes Bank reported a net profit of Rs 129 crore in the September quarter, up from Rs 225 crore in the corresponding quarter of the previous fiscal. In this way, the net profit of the bank has increased by about 74% on a year-on-year basis. In the July-September 2021 quarter, the bank’s net interest income (NII) declined 23% year-on-year to Rs 1,512 crore. However, the non-interest income of the bank registered a growth of 30% during this period and stood at Rs 778 crore.

GLAND PHARMA

Gland Pharma on Friday released the results of the second quarter (July-September 2021) of the current financial year. 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.

TATA ELXSI Q2 (QoQ)

In the second quarter, the company’s profit increased from Rs 113 crore in the previous quarter to Rs 125 crore and income increased from Rs 558 crore to Rs 595 crore. EBIT has increased from Rs 137 crore to Rs 170 crore and EBIT margin has increased from 24.7 per cent to 28.59 per cent.

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Shehnazhttps://www.businesskhabar.com/
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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