Market Commentary - Stock Alert
HDFC Bank, LTTS, UltraTech Cement, Godrej Properties in focus As on : 17-Jan-24  08:58

HDFC Bank: The private lender's net profit stood at Rs 16372.54 crore in Q3 FY24 as compared with net profit of Rs 15976.11 crore posted in Q2 FY24. Total income stood at Rs 81719.65 crore in Q3 FY24 from Rs 78406.23 crore recorded in Q2 FY24.

L&T Technology Services (LTTS): The company's consolidated net income rose 6.6% to Rs 336.2 crore in Q3 FY24 as compared with net profit of Rs 315.4 crore posted in Q2 FY24. Total revenue rose 1.5% to Rs 2421.8 crore in Q3 FY24 from Rs 2386.5 crore recorded in Q2 FY24.

UltraTech Cement: The company has incorporated a Wholly-owned Subsidiary viz. ?Letein Valley Cement Limited? on 16th January 2024 to carry on the business of mining of limestone and other raw materials, manufacture and sale of cement.

Godrej Properties: The Company has acquired an additional approximately 1 (one) acre of land parcel in Yeshwanthpur, Bengaluru having a developable potential of approximately 1.40 lakh square feet saleable area, through an outright purchase for the development of premium residential apartments.

Karnataka Bank: Karnataka Bank and Clix Capital have entered into a strategic digital co-lending partnership through Yubi Co.lend Platform. This partnership is focused on providing loans to the Indian MSME sector.

DCB Bank: The private lender on Tuesday announced that the Reserve Bank of India (RBI) has approved the appointment of Praveen Achuthan Kutty as managing director and chief executive officer (MD & CEO) of the bank.

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