Your investment can be secured by keeping a close watch on every movement of shares. Here we are telling such stocks which will remain in the news today and which will be monitored by the market.
Focus on Tata Motors
Tata Motors has released its results on Friday. The company’s profit in the December quarter increased by 67.2 percent to Rs 2906 crore due to good demand in the festival season. During this period, the company’s revenue grew by 5.5 per cent to Rs 75,654 crore. After the reduction of coronavirus infection, when the government removed the restrictions, the sales of the auto sector increased, which benefited Tata Motors.
Consolidated net profit of Tata Motors stood at Rs 2906 crore in the third quarter of the current financial year. The company’s profit in the same quarter a year ago was Rs 1738 crore. The luxury car brand like Jaguar is owned by Tata Motors. Earlier in the September 2020 quarter, the company lost Rs 314 crore due to coronavirus infection.
Focus on ICICI BANK
ICICI BANK has released Q3 results. ICICI BANK reported a profit of Rs 4940 crore in the third quarter of FY 2021 against Rs 4269 crore. At the same time, the bank had a profit of Rs 4,147 crore in the third quarter of last year.
ICICI BANK’s interest income for the third quarter of FY 2021 was Rs 9,913 crore as against Rs 9,505 crore. At the same time, the bank’s interest income in the third quarter of last year was Rs 8545 crore.
In the third quarter, the bank saw a 19.1 per cent year-on-year increase in profits and 16 per cent year-on-year in interest income.
ICICI BANK’s gross NPA declined to 4.38 per cent in the third quarter from 5.17 per cent in the third quarter of this year. At the same time, net NPA has been lower from 1 per cent to 0.63 per cent in the previous quarter.
In rupee terms, ICICI BANK’s Gross NPA in the third quarter decreased from Rs 38,989 crore in the previous quarter to Rs 34,860 crore and Net NPA decreased from Rs 7,187 crore in the previous quarter to Rs 4,860 crore. ICICI BANK provided COVID of Rs 9,984 crore till 31 December.
Focus on IndusInd Bank
IndusInd Bank has declared its quarterly results. IndusInd Bank’s profit fell 34.3 per cent year-on-year to Rs 852.8 crore in the third quarter from Rs 1,300.2 crore in the third quarter of last year. The bank’s interest income grew 10.8 per cent to Rs 3,406.1 crore in the third quarter from Rs 3,074 crore in the third quarter of last year.
Gross NPA of the bank has come down from 2.21 per cent to 1.74 per cent in the third quarter on quarterly basis. Net NPA declined from 0.52 per cent to 0.22 per cent. In rupee terms, Gross NPA of the bank declined from Rs 4,532.2 crore in the third quarter to Rs 3,650.6 crore and Net NPA from Rs 1,055.8 crore to Rs 464.2 crore.
In the third quarter, the Provisioning of the bank has increased from Rs.1043 crores on an annual basis to Rs.1854 crores.
Focus on Cipla
Cipla has presented its quarterly results. On an annual basis, the company reported a profit of Rs 748.2 crore in the third quarter, while the company had a profit of Rs 351 crore in the third quarter of FY 2020.
The company’s revenue has increased in the third quarter. On a year-on-year basis, the company’s revenue increased by 18.2 percent to Rs 5,168.7 crore as against Rs 4,371 crore in the same quarter last year.
EBITDA of the company increased 62.3 per cent year-on-year to Rs 1,230.8 crore in the third quarter from Rs 758.4 crore in the third quarter of last year. The company’s EBITDA Margin for the third quarter stood at 23.8 per cent as against 17.4 per cent.