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    Stocks in the news: RIL, ICICI Bank, L&T, Yes Bank, Tata Motors and ITC

    Synopsis

    Kotak Bank, L&T, Axis Bank, Tata Motors, SBI Life , Vedanta, DLF, GSK Pharma, Coromandel International and Navin Fluorin will announce quarterly earnings today.

    ETMarkets.com
    Nifty futures on the Singapore Exchange traded 97.5 points, or 0.61 per cent lower at 15,756.50, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today's trade:

    Kotak Mahindra, L&T, Tata Motors: Kotak Mahindra Bank, Larsen & Toubro, Axis Bank, Tata Motors, SBI Life Insurance, Vedanta, DLF, GlaxoSmithKline Pharmaceuticals, Coromandel International, Navin Fluorin, M&M Financial Services and Alembic Pharmaceuticals are among the company that will announce quarterly earnings today.

    Reliance Industries:
    The Oil-to-telecom and retail behemoth reported a 7 per cent drop in its June quarter net profit as retail business got hit by the second wave of COVID infections. Consolidated net profit of Rs 12,273 crore in April-June compared with Rs 13,233 crore a year earlier, it said.

    ICICI Bank: The private lender's June quarter net profit zoomed 52 per cent to Rs 4,747.42 crore, driven majorly by lower provisions but reported an increase in stress from the retail loans segment. On a standalone basis, the bank reported a net profit of Rs 4,616.02 crore for the reporting quarter, up by 77 per cent

    JSW Steel:
    The steel producer posted a consolidated net profit of Rs 5,900 crore for June quarter 2021-22, mainly on account of higher income. In the year-ago period, the company reported a consolidated net loss of Rs 582 crore.

    Yes Bank:
    Yes Bank on Friday reported an over four-fold jump in net profit at Rs 207 crore for the quarter ended June 2021. The bank said this was its highest net profit since December 2018. It had posted a net profit of Rs 45 crore in the same quarter of the previous fiscal year.

    ITC: The FMCG major reported a 30.24 per cent jump in its consolidated net profit to Rs 3,343.44 crore for the first quarter ended June 2021 lead by a "strong rebound" in operating segments. The company had posted a net profit of Rs 2,567.07 crore during the April-June quarter of the previous fiscal.

    Cipla: Drug major Cipla is recalling 7,228 bottles of Solifenacin Succinate tablets, a medicine used to treat overactive bladder, in the US market due to manufacturing issues.

    Ambuja Cement: The part of Swiss building material major Holcim group, reported nearly two-fold jump in consolidated net profit to Rs 1,161.16 crore in the quarter ended on June 30 backed by strong growth in volumes and efficiency gains.

    HDFC: International Finance Corporation (IFC), a private sector investment arm of the World Bank Group, has decided to provide loan of USD 250 million (about Rs 1,875 crore) to promote affordable green housing finance for low-income borrowers.

    SBI Cards and Payment Services: The only listed credit card company reported a 22 per cent decline in net profit to Rs 305 crore in the first quarter ended June 30 due to higher delinquencies.

    Federal Bank: The private sector lender posted a 12.87 per cent decline in its consolidated net profit for the June 2021 quarter to Rs 356.76 crore, as provisioning for stressed assets soared due to the reverses of the second wave.

    MCX: The leading commodity bourse has posted a 29.47 per cent drop in its consolidated net profit at Rs 39.80 crore in the first quarter of the current fiscal. The company had clocked a net profit of Rs 56.43 crore in the same quarter previous fiscal.

    Jubilant Pharmova: The drug firm reported a consolidated net profit of Rs 160.49 crore from continuing operations for the quarter ended June 30, 2021. The company had posted a net profit of Rs 35.39 crore for the year-ago period.

    United Spirits: The Diageo-controlled liquor maker reported a consolidated net profit of Rs 50.3 crore for the quarter ended June 2021, helped by double-digit growth in sales. The company had posted a net loss of Rs 246.6 crore in the April-June period a year ago.

    Crompton Greaves Consumer Electricals: The houshold appliance producer reported 26.68 per cent increase in consolidated net profit at Rs 94.76 crore for the first quarter ended June 30, 2021. The company had posted a net profit of Rs 74.80 crore in April-June period a year ago.

    ABB Power: The heavy electrical equipment entity posted 49 per cent rise in consolidated profit at Rs 16.3 crore for the second quarter ended June 30, 2021. The company had posted Rs 10.9 crore profit after tax (PAT) during April-June, 2020.

    Cigniti Technologies: The IT company reported a nearly 30 per cent decline in consolidated net profit to Rs 20.42 crore for the quarter ended on June 30, 2021. The company had posted a net profit of Rs 29.11 crore in the same period a year ago.

    SKF India: The domestic arm of Swedish auto and industrial component maker had posted a net loss of Rs 25 lakh in the corresponding quarter of the last financial year, SKF India said in a statement. Its total income during April-June 2021 stood at Rs 699.94 crore, against Rs 316.51 crore recorded in the year-ago period.

    Indian Bank: The state-owned lender declared Lanco Infratech and Basundhara Green Power as fraud accounts with a total outstanding balance of over Rs 589 crore. Lanco Infratech Ltd with a loan outstanding of Rs 577.47 crore to the bank.

    Indian Energy Exchange:
    The energy exchange said its consolidated profit after tax (PAT) grew 47 per cent to Rs 62.10 crore in June 2021 quarter, mainly due to higher revenues. The company had posted a Rs 42.09-crore PAT in the June quarter of the financial year 2020-21.

    Zee Media Corporation:
    The media firm reported a consolidated net loss of Rs 9.06 crore for the quarter ended in June 2021 on account of exceptional items. The company had posted a net profit of Rs 12.26 crore during the April-June quarter of the previous fiscal.

    Shakti Pumps: The domestic pump manufacturer reported a 120 per cent growth in consolidated profit after tax (PAT) during the April-June quarter to Rs 7.29 crore compared to Rs 3.31 crore in the same period of 2020-21.

    Indian Metals & Ferro Alloys: The metal producer posted a four-fold jump in its consolidated profit after tax (PAT) to Rs 99.09 crore during the June quarter, mainly on account of higher income. The company had posted Rs 24.82-crore PAT during the April-June period of financial year 2020-21.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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