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Stocks in News Today

July 25, 2022

Reliance Industries : Reliance reported a 46% rise in net profits for the quarter ended June 2022 at Rs 17,955 cr as compared to Rs 12,273 cr in the year-ago period. The revenue from operations increased 54.54% year on year at Rs 2.23 lakh cr in Q1FY23 compared to Rs 1,44,372 cr in the same quarter last year.

Infosys : Infosys reported a 3.17% year-on year increase in net profits at Rs 5360 crores in Q1FY23 as compared to Rs 5197 crores in Q1FY22. The revenue increased 23% year on year at Rs 34,470 cr in Q1FY23 from Rs 27,896 cr in Q1FY22.

ICICI Bank : ICICI Bank reported a 49.5% year-on year growth in its net profits at Rs 6904 cr in Q1FY23 from Rs 4616 cr in the year-ago period. • There was a 21% increase in the bank’s net interest income at Rs 13,210 cr.

Kotak Mahindra Bank : The bank reported a 26% year-on year growth in its net profits at Rs. 2,071 cr for Q1FY23 from Rs 1,642 cr in Q1FY22. The bank’s net interest income for Q1FY23 was at Rs 4,697 cr, up 19% year on year from Rs 3,942 cr in the year-ago period.

JSW Steel : The company reported a fall of 85.7% year on year in its net profits at Rs 839 cr for quarter ended June 2022. It had reported a net profit of Rs 5,900 cr in the year-ago period. The company’s revenue for Q1FY23 was down 18.7% year on year at Rs 38,086 cr from Rs 46,895 cr in the year-ago period.

ONGC : ONGC has signed a gas sale agreement with GAIL India and Assam Gas Company Ltd (AGCL) to monetize its upcoming field at Khubal in North Tripura district.

Tata Motors : Tata Motors has bagged the order of 1500 electric buses from Delhi transport corporation.

HDFC : HDFC is planning to raise Rs 11,000 crores through issue of bonds on a private placement basis.

Bharat Electronics : The company has signed a Rs 250 cr contract with the Ministry of Defence for the supply of nine integrated ASW complex (IAC) MOD ‘C’ systems.

Happiest Minds : Total revenue grew by 31.06% to Rs33,274 Y-o-Y crores as compared to last year’s at Rs 25,387 crores .Net profit grew by 57.6% to Rs 5.634 crores Y-o-Y as compared to last years at Rs 3,573 crores.

Vi : The company will raise Rs 436 cr from promoter via issue of warrants