Stock Market Today: A day before, the Indian stocks rose up. It was aided by the market results of ICICI Bank. However, Dalal Street appeared to be off to a good start today as the GIFT Nifty on the NSE IX moved higher by nearly 19 points and reached at around 22,784.
The strong results of ICICI Bank, which is considered as the nation’s second-largest private lender announced the quarterly earnings. It was higher than anticipated. The heavyweight financial stocks saw a spike in value following this victory. The stocks that was in focus was ICICI Bank, which ended Monday’s trading session up by about 5%. The another highlighted stock Was Aegis Logistics, which increased by almost 10%. There were other stocks as well which saw a rise in the market , but the Supreme Industries was one among the highest and gained over 12%.
Stock Market Today: Stocks in focus
UCO Bank ; & Spandana Sphoorty
State-owned lender UCO Bank had a fourth-quarter standalone net profit of Rs 526 crore. But then again an Indian sector public UCO Bank made a decrease of almost 9% if it is compared from the previous year.
The Spandana Sphoorty, one of the nation’s leading microfinance institutions reported a combined net profit of Rs 122 crore in this fourth quarter. The net interest income of the company is increased by 21% by YoY.
Tata Chemicals
Tata Chemicals, one among the leading company of TATA Group declared a Rs 850 crore net loss for this year. TATA group consists of 30 such large companies with it. However TATA Chemicals collected Rs 3,475 crore in revenues.
Other important stocks
- For the quarter that concluded in March, Kfin Technologies have a net profit of Rs 74.5 crore. The total operational revenue was Rs 228 crore.
- New orders of Rs 1,036 crore received by KEC International for its multiple operations. In the fourth quarter, Shoppers Stop reported a net profit of Rs 23 crore. There are Rs 1046 crore in revenues.
- For the March quarter, Rossari Biotech reported a net profit of Rs 34 crore. Operations brought in a total of Rs 472 crore.
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