Indian markets will start another week amid weak global cues. On Friday, US markets decline amid FED rate hike anticipations and Russia-Ukraine tensions. Asian markets are also in red. SGX Nifty indicates a negative opening for Indian Markets.
The following stocks will be under focus today:
Reliance Industries: The company declared higher profits for Q3 FY 22. Its consolidated Q3 profit was at Rs. 20,539 Cr. against Rs. 14,894 Cr. in Q3FY21. Its Q3 revenue was at Rs. 2,09,823 Cr. against Rs. 1,37,829 Cr. Q3 FY 21.
Yes Bank: The lender reported a growth of 77% YoY in Q3 FY 22’s profit. It stood at Rs. 266 Cr. However,
ICICI Bank: The lender reported 25% YoY growth in net profit for Q3 FY 22. Net interest income (NII) was up 23.44% to Rs. 12,236.04 Cr. from Rs. 9,912.46 Cr. Q3 FY 21. Other income grew 6.42% to Rs. 4,987.07 Cr.
Vodafone Idea: The company posted loss of Rs. 7,230.9 Cr. in Q3 FY 22 against loss of Rs 7,132.3 Cr. in Q2 FY 22, revenue rose to Rs. 9,717.3 Cr. from Rs. 9,406.4 Cr. QoQ.
JSW Steel: The company reported good profits at Rs. 4,516 Cr. in Q3FY22 against Rs. 2,669 Cr. in Q3FY21, revenue jumped to Rs. 38,071 Cr. from Rs. 21,859 Cr. YoY.
Gland Pharma: The company reported higher profit at Rs. 273 Cr. in Q3FY22 against Rs. 204.1 Cr. in Q3FY21, revenue rose to Rs .1,063.3 Cr. from Rs. 859.4 Cr. YoY.
Philips Carbon Black (PCBL): The company will consider a sub-division of the Equity Shares having a face value of Rs. 2 and alteration of authorised capital on February 9, 2022.
Tanla Platforms: The company reported good profit at Rs. 158 Cr. in Q3FY22 against Rs. 93.52Cr. in Q3FY21, revenue rose to Rs. 884.92 Cr. from Rs. 654.11 Cr. YoY.
The following stocks will declare their results today:
Axis Bank, Apollo Pipes, Burger King India, HDFC Asset Management Company, Deepak Nitrite, Indian Energy Exchange, IndiaMART InterMESH, Zensar technologies, etc.