Intricate Market Buzz: ICICI Bank, Reliance, Kotak Bank, Paytm, and Stock Market Players Captivate Investors’ Attention

Numerous twists and news stories are revolving around the stock market, capturing the interest of traders and investors today. Let’s delve into the insights of these shares.

Shares making headlines today include ICICI Bank, Kotak Bank, Reliance (RIL), Paytm, RBL Bank, YES Bank, Vedanta, Indraprastha Gas (IGL), and Dodla Dairy.

ICICI Bank

ICICI Bank has seen a significant increase of 40% in its annual profit, reaching an impressive 9,648 crores. The bank’s robust interest earnings surged by 38% to reach 18,227 crores.

Kotak Bank

Kotak Mahindra Bank achieved a remarkable independent net profit of 3,452 crores, registering a year-on-year growth of 67%. Their substantial interest income reached 6,234 crores, representing a significant 33% increase.

Reliance (RIL)

Reliance Industries concluded the last quarter with an extraordinary 11% rise in net profit, reaching 16,011 crores. However, their revenue declined by 5.3% to settle at 2.11 lakh crores.

Paytm

The leading digital payment company, Paytm, witnessed a remarkable drop of 357 crores in its aggregated net profit during the past quarter.

RBL Bank

RBL Bank recorded a substantial net profit of 288 crores in the last quarter, showing a remarkable 43% year-on-year growth.

YES Bank

YES Bank showcased an impressive 10% year-on-year growth in its net profit, reaching 342 crores during the June quarter.

Vedanta

Vedanta’s consolidated net profit for the last quarter reached 2,640 crores, showing a moderate decrease of 40%. Their operations’ revenue stood at an impressive 33,342 crores.

DLF

DLF, a major player in the realty sector, witnessed a substantial year-on-year growth of 12%, resulting in a net profit of 527 crores. The operational revenue recorded a slight decline of 1,423 crores.

Indraprastha Gas (IGL)

Indraprastha Gas reported a notable 8% rise in net profit during the last quarter, reaching 6.55% higher than their operational revenue, which totaled 3,761.85 crores.

AU Small Finance Bank

AU Small Finance Bank recorded a substantial net profit of 387 crores during the June quarter. Their impressive interest income stood at 1,246 crores, showing a remarkable 33% increase.

Dodla Dairy

Dodla Dairy registered an extraordinary net profit growth of 40%, reaching 35 crores. Their revenue soared by 15%, totaling an impressive 823 crores.

Upcoming Quarterly Results

Tata Steel, TVS Motor, IDBI Bank, and Canara Bank are set to announce their first-quarter results today.

Sources:

1. https://www.nseindia.com/
2. https://www.moneycontrol.com/