Stocks in News: These stocks including RIL, Kotak Bank, HDFC Bank, Suzlon will remain in focus, action will be seen today

Stocks in Focus Today : Today i.e. on 22nd July 2024, some stocks (stocks in news) are ready to show action. Due to positive triggers, these stocks can remain in focus in the market today (stocks to watch). If you are looking for better stocks in intraday, then you can keep an eye on these (Stocks in Focus). Today’s list includes stocks like RIL, Kotak Bank, HDFC Bank, Yes Bank, RBL Bank, Indian Hotels, Suzlon Energy, JSW Steel, Coal India, Vedanta, ONGC, Indian Bank, BPCL, Patanjali Foods, IDBI Bank, Coforge, Cyient DLM, Jana SFC, Mahindra Logistics, Mangalore Refinery, Supreme Industries, UCO Bank, Zensar Tech.

Suzlon Energy results today

The quarterly results of Suzlon Energy will be released today on 22 July 2024. Apart from this, the results of IDBI Bank, Coforge, Cyient DLM, Dodla Dairy, Indian Overseas Bank, Jana SFB, Mahindra Logistics, Solara Active Pharma Sciences, Spencers Retail, Supreme Industries, UCO Bank and Zensar Tech will also come today.

RIL

Reliance Industries’ profit in the June quarter fell 5 percent to Rs 15138 crore or Rs 22.37 per share, which was Rs 16011 crore or Rs 23.66 per share in the same quarter a year ago. Low margins in the refining and petrochemical business also overshadowed the growth in the telecom and retail business. Earlier, in the January-March quarter, the company had achieved a record profit of Rs 18,951 crore. The company’s profit has fallen 20 percent on a quarterly basis.

Kotak Bank

Kotak Mahindra Bank’s profit jumped 79 percent to Rs 7448 crore in the April-June quarter of the current financial year. This was mainly due to the sale of stake in the bank’s general insurance branch and the performance of subsidiary companies. On a standalone basis, the bank’s profit increased by 2 percent to Rs 3,520 crore. The management admitted that it was affected by the business restrictions imposed by the Reserve Bank of India (RBI) due to shortcomings on the technology front. The total income of the bank increased to Rs 15,675 crore, which was Rs 13,183 crore in the same quarter of the last financial year.

HDFC Bank

HDFC Bank’s profit has increased by 33.17 percent to Rs 16,474.85 crore in the April-June quarter of the current financial year. In the same quarter of the last financial year, the bank’s profit was Rs 12,370 crore. However, on a quarterly basis, the profit has decreased by 6.51 percent. The bank’s net interest income increased by 2.6 percent to Rs 29,840 crore. Non-interest income decreased by 41.3 percent to Rs 10,670 crore.

Yes Bank

Private sector Yes Bank’s profit for the June quarter rose 46.7 percent to Rs 502 crore. The bank said that the increase in profit is due to reduction in provisions. Net interest income increased by 12.2 percent to Rs 2,000 crore in the June quarter. Net interest margin remained stable at 2.4 percent. Deposits increased by more than 20 percent in the June quarter.

Indian Hotels

The profit of Indian Hotels Company has increased by 10.25 percent to Rs 260.19 crore in the quarter ended June 2024. The company’s profit increased mainly due to increase in operating income. The company had a profit of Rs 236.01 crore in the same quarter a year ago. During the June quarter, the company’s income increased to Rs 1596.27 crore. It was Rs 1515.70 crore in the same quarter of the last financial year. The total expenditure of the company also increased to Rs 1267.78 crore, which was Rs 1221.76 crore in the same quarter a year ago.