Share Market: These stocks will make you a millionaire even in a faltering market, prepare the list immediately
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Top Share of the Day: Indian market may have a weak start today amid weak signals from the global market. Weakness is being seen in all the markets of Asia. Whereas, Gifty-Nifty is trading flat. On Friday, there was a sharp decline in the American market amid rising bond yields. Nasdaq has slipped more than one and a half percent. Meanwhile today, WTI Crude Oil was trading at $ 87.45 per barrel with a rise of 0.72 percent. Investors had to see a big fall in the Indian stock market. However, experts are of the opinion that this week the tensions in the Middle East, the results of companies and the rising yields on US bonds are going to directly affect the market. In such a situation, investors will keep an eye on these shares in the Indian market today.
Kotak Mahindra Bank: After the resignation of Uday Kotak from the post of CEO and MD of Kotak Mahindra Bank, international banker Ashok Vaswani was declared the next CEO on Saturday. Contrary to experts’ predictions of appointing an insider to the top leadership role, Kotak Mahindra Bank decided to bring back a “global Indian” as its next CEO. Ashok Vaswani has wide experience in many fields from AI to banking. He has also served as CEO of Citigroup Asia Pacific and Barclays.
ICICI Bank:The bank reported a 35.8% rise in its standalone net profit to ₹10,261 crore in the September quarter of FY24 from ₹7557.84 crore in the year-ago period. ICIC Bank’s net interest income (NII) rose 23.8% to ₹18,308 crore in the July-September quarter from ₹14,787 crore in the year-ago period. The bank’s net interest margin in Q2FY24 stood at 4.53%. Its fees from retail, rural, commercial banking and SME clients accounted for about 78% of total fees in Q2-2024.
JSW Steel: Sajjan Jindal-led JSW Steel Ltd on Friday reported a net profit of ₹2,773 crore in the September quarter compared to a net loss in the same quarter last fiscal. The Mumbai-based steel maker reported a 6.71% year-on-year growth in its consolidated revenue from operations at ₹44,584 crore. Consolidated earnings before interest, taxes, depreciation and amortization (Ebitda) stood at ₹7,886 crore with an Ebitda margin of 17.7%.
Ambuja Cements/ACC: Adani Group on Friday said it has struck a $3.5 billion debt refinancing deal with a consortium including at least 10 foreign lenders to repay the loan taken last year by the group’s promoters for its $6.6 billion acquisition of Ambuja. . Cements Limited and ACC Limited. The refinance deal, whose terms are more favorable than the original acquisition loan, has a maturity period of up to three years.
IDBI Bank: IDBI Bank has reported a net profit of ₹1,323.3 crore in the second quarter of the financial year 2023-24 (Q2FY24), which is 59.8% higher than the profit of ₹828.1 crore reported in the year-ago period. That’s according to unaudited standalone financial results announced by the public sector lender on October 21. On a quarter-on-quarter basis, net profit increased by 8 per cent as it stood at ₹1,224.2 crore in Q1FY24.
L&T Finance: L&T Finance released September quarter results for FY 2023-24 and reported a consolidated profit of ₹595 crore, up 46% from the same period last year, it said in a regulatory filing on September 20. . october. In the second quarter of financial year 2022-23, the company had registered a profit of ₹406 crore. The firm’s NIM was up 11 per cent at ₹1,729 crore in Q2 FY23-24, compared to ₹1,563 crore in Q2 FY22-23.
One97 Communications: Digital payments firm Paytm reported consolidated revenue from operations of ₹2,519 crore in the second quarter of financial year 2023-24 (Q2FY24), a growth of 32% compared to ₹1,914 crore reported in the year-ago period. it shows. , The Vijay Shekhar Sharma-led company reported a consolidated net loss of ₹292 crore during the quarter under review, 49% lower than the loss of ₹572 crore reported in the same period of FY23.
RBL Bank: RBL Bank on Saturday released its July-September quarter results and reported a 46% year-on-year rise in its net profit to ₹202 crore during Q2FY24 from ₹202 crore during the same quarter last fiscal. It became Rs 294 crore. RBL Bank’s net interest income (NII) grew 26% year-on-year to ₹1,475 crore, while the bank’s revenue grew 24% year-on-year to ₹2,179 crore.
Godrej Properties: Delhi Municipal Corporation has imposed a fine of ₹5 lakh on a subsidiary of Godrej Properties for not following environmental protection norms during construction in New Delhi, PTI reported. Godrej Properties said in a statement on Saturday that this penalty has been imposed on its subsidiary Godrej Vestamark LLP. The violation by the subsidiary company pertains to non-compliance of NGT order dated April 10, 2015 and Ministry of Environment and Forest guidelines from 2010 regarding safety measures during construction of the New Delhi project.
Central Bank of India: Central Bank of India Q2 Results: State-owned Central Bank of India reported a massive 90% rise in its net profit for the September quarter of FY23-24 at ₹ 605.4 crore, whereas in Q2 FY 22 it was ₹ 318.2 crore. -23. Profit increased due to good growth in core income and decline in bad debts. During the quarter, Central Bank of India’s total income rose to ₹8,412 crore from ₹7,065 crore a year ago, Central Bank of India said in a regulatory filing.
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