Market Commentary - Stock Alert
RIL, ICICI Bank, Yes Bank to react to their quarterly earnings As on : 24-Apr-23  08:25

Reliance Industries (RIL): The Mukesh Ambani-led diversified company reported 19.1% increase in consolidated net profit to Rs 19,299 crore on 2.7% rise in net sales to Rs 212,945 crore in Q4 FY23 over Q4 FY22.

Wipro: The meeting of the board of directors of the company is scheduled on 27 April 2023 to consider and approve a proposal to buyback equity shares of the company.

ICICI Bank: The private lender's standalone net profit surged 29.9% to Rs 9,121.87 crore on 31.73% jump in total income to Rs 36,108.88 crore in Q4 FY23 over Q4 FY22.

HDFC Bank: HDFC Bank said that the Reserve Bank of India (RBI) has allowed the bank to meet priority sector lending requirements post the merger with Housing Development Finance Corporation (HDFC) in a gradual manner, up to three years.

Shree Cement: The company has completed the capacity up-gradation of cement plant at Saraikela, Jharkhand and started the commercial operation on 21stApril 2023. Consequently, the cement capacity of the unit stands increased from 2.50 MTPA to 3.00 MTPA. The cement capacity of the company now stands increased to 46.90 Million Ton Per Annum (MTPA).

Yes Bank: The private lender's standalone net profit slumped 44.91% to Rs 202.43 crore on 25.21% rise in total income to Rs 7,298.51 crore in Q4 FY23 over Q4 FY22.

Maruti Suzuki India: The company announced to recall 7,213 Baleno RS vehicles manufactured between 27 October 2016 and 1 November 2019.

Union Bank of India: The bank said that its board will meet on Wednesday, 26 April 2023 to consider raising funds through further public offer (FPO) /rights issue/private placements including qualified institutions placement / preferential allotment.

IIFL Finance: The Mumbai-based NBFC on Friday announced that it has fully repaid its maiden $400 million bonds issue on maturity this month.

Mahindra & Mahindra Financial Services: The company announced that its board has approved allotment of 68,200 non-convertible debentures (NCDs) aggregating to Rs 682 crore, through private placement basis.

Torrent Power: Torrent Power said that it has incorporated wholly owned subsidiary named 'Torrent Urja 10 (TU10)' on 21 April 2023.

Ami Organics: Ami Organics said that its board has approved the acquisition of a 55% partnership interest in Baba Fine Chemicals (BFC) from two partners Ram Bilas Sharma and Kavita Bhatia, for a total consideration of Rs 68.21 crore.

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