Stocks in news: Stocks in news: RIL, Paytm, HUL, IndusInd Bank, HDFC Bank
RIL, Paytm, HUL, UltraTech, Hindustan Zinc
Shares of RIL, Paytm, HUL, UltraTech, and Hindustan Zinc will be in focus as the companies will announce their quarterly results.
Private lender IndusInd Bank’s standalone net profit grew 17% to Rs 2,298 crore for the quarter ended December. Net interest income for the third quarter rose 15% to Rs 5,296 crore.
The lender has received RBI approval for setting up of a new wholly-owned operations support subsidiary by the Bank.
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Shoppers Stop reported net profit of Rs 36.7 crore in the December quarter and revenue from operations were at Rs 1,238 crore.
Lupin secured USFDA approval for Febuxostat Tablets that are used for the chronic management of hyperuricemia in adult patients with gout.Bandhan Bank
The RBI has granted its approval for the appointment of Rajinder Kumar Babbar as Whole-Time Director (to be designated as Executive Director) of the Bank, for a period of three years.
Poonawalla Fincorp reported net profit of Rs 265 crore in the third quarter. Revenue from operations stood at Rs 763 crore.
Following muted third quarter numbers, HDFC Bank’s shares fell for the second consecutive day, losing as much as 12% in just two days.
Metro Brands’ net profit fell 13% to Rs 97.8 crore, while revenue was up 6% at Rs 635 crore in the December quarter.