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.
Focus on UPL
The company’s earnings in the second quarter have been better than expected. The company’s revenue has seen a jump of 18 per cent on a year-on-year basis and stood at Rs 10567 crore as compared to Rs 8939 crore in the second quarter of last year.
At the same time, the company’s profit has increased by 37 per cent to Rs 634 crore as compared to Rs 464 crore in the second quarter of last year. At the same time, its volume growth has seen an increase of 15 percent while the price growth has been at 3 percent.
Focus on IDFC First Bank
IDFC First Bank on Saturday announced its September quarter results. The bank said its standalone net profit grew 49.6% to Rs 151.7 crore in the July-September quarter as compared to Rs 101.4 crore in the corresponding quarter of the previous fiscal.
The bank’s net interest income (NII) for the second quarter grew 27.4% year-on-year to Rs 2,722 crore. The bank’s gross non-performing assets (NPA) also showed marginal improvement to 4.27% in the September quarter, as against 4.61% in the corresponding quarter of the previous fiscal.
Similarly, the bank’s net NPAs also improved marginally to 2.09 per cent in the September quarter, from 2.32% in the corresponding June quarter. However, the bank also said that the gross and net NPAs of the September quarter cannot be compared with any other period as the Supreme Court in an interim order directed the bank that the accounts which are not NPA till 31 August 2020. declared, they should not be declared NPA.
Focus on BPCL
BPCL has also had good results. REVENUE has increased by 15% then PROFIT has increased by 20% and MARGIN has increased. The company’s profit in the second quarter of the financial year 2021-22 has been Rs 2694 crore, while in the second quarter of last year, the company’s profit was Rs 2248 crore. The revenue of the same company has increased from Rs 70,921 crore to Rs 81,536 crore.
Focus on IOC
Indian Oil Corporation Limited (IOCL) on Saturday declared the financial results for the July-September quarter of the current financial year. The company said that its net profit grew marginally in the September quarter and stood at Rs 6,360.05 crore. The company had reported a net profit of Rs 6,227.31 crore in the corresponding quarter of the previous financial year.
IOCL’s revenue in the September quarter grew by 46.66% to Rs 1,69,770.77 crore as against Rs 1,15,753.88 crore in the corresponding quarter of the previous fiscal. The company’s earnings per share increased to Rs 6.93 crore in the September quarter from Rs 6.78 crore in the same quarter last year.
FOCUS ON BANDHAN BANK
Bandhan Bank’s results were weak in the second quarter. There is a loss of 3008 crores as against the profit of 101 crores. Asset quality is very poor. The new NPAs have increased by 75%.
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