Stocks to watch: RIL; ICICI Bank; HUL Kotak Mahindra Bank; SpiceJet | Techno Glob


New Delhi: Top 10 stocks to focus on on Tuesday

Reliance Industries: Mukesh Ambani’s Reliance Industries Ltd (RIL) said it will spin off its financial services business and list it separately on stock exchanges under Jio Financial Services Ltd. Retail and retail and small business customers to tap the demand for modern financial services.

ICICI Bank: India’s second-largest private sector lender reported a 31.43% year-on-year jump in gross net profit in its September quarter. 8,006.99 crore. On a standalone basis, ICICI Bank reported a 37.14% rise in net profit in the September quarter. 7,557.84 crores. Increase in total revenue. 31,088 crore in the reported quarter, with total expenses rising. 19,408 crore from 18,027 crore.

Kotak Mahindra Bank: On Saturday reported a 27% year-on-year rise in net profit. 2,581 crore for the quarter ended September. Total revenue increased from July to September. 10,047 crore from 8,408 crore in the year-ago quarter, the bank said.

Hindustan Unilever: FMCG major Hindustan Unilever Ltd. reported a 22.19% rise in its total net profit on Friday. 2,670 crore for the second quarter at the end of September; Total revenue grew 16.44% during the quarter to review. 15,253 crore.

SpiceJet: India’s aviation regulator has removed the 50% cap on SpiceJet and allowed all its flights to operate from October 30. The budget airline will operate 3,193 weekly flights this winter schedule. That’s 6.6% more than approved for last year’s winter schedule. The winter schedule is from October 30 to March 25.

JSW Steel: On Friday, JSW Steel reported a total net loss. 915 crore for the quarter ended September. The company posted a gross net profit. 7,179 crore in the year-ago period, but increased from the total revenue during the quarter under review. 41,966 crore from 33,449 crore a year ago. Crude steel production was 4.95 million tons, up 21 percent year-on-year.

Ambuja Cements: Ambuja Cements, now part of the Adani Group, on Friday reported a 94.24% decline in its consolidated net profit. 51.30 crore for the September quarter, mainly due to higher fuel prices and inflationary effects. The company schedules a net profit. 890.67 crore in the year-ago quarter, Ambuja Cements said in a BSE filing. Income from operations rose to 7.46%. 7,143.17 crore as compared to Rs 6,647.13 crore in the corresponding quarter of the previous financial year.

Vodafone Idea: The board of Vodafone Idea Ltd on Friday approved the sale plan. 1,600 crore worth of bonds to ATC Telecom Infrastructure. Vodafone Idea will use some of the pending fees to the tower operator to lease its assets to provide mobile phone services in India. Telco customizable; Insecure It said it would sell 16,000 unrated and unlisted shares. 10 lakhs per one or more plots.

Hindustan Zinc: Vedanta group company Hindustan Zinc on Friday reported a 32.8% rise in consolidated net profit. 2,680 crore for the quarter ended September 2022 due to factors such as higher zinc volumes and prices and gains from strategic hedging. The company posted a gross net profit. 2,017 crore during the last year; Hindustan Zinc said in a filing to BSE. Arun Misra, the company’s CEO, said that both metal and silver production were on the rise, which helped the EBIDTA.

UPL: Private equity firm KKR; Brookfield and TPG and sovereign wealth fund Abu Dhabi Investment Authority (ADIA) will invest a total of $500 million (approximately). 4,040 crore) to buy minority stake in group companies of Mumbai-based agrochemical company UPL Ltd, including its Advanta Enterprises Ltd unit.

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