BUSINESS

Reliance Industries, ICICI Bank, Hindustan Zinc, Apollo Tyres


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Stocks To Watch: Reliance Industries, ICICI Bank, Hindustan Zinc, Apollo Tyres

Trends on SGX Nifty indicated an increase for the home markets.

New Delhi: The home inventory markets are anticipated to commerce in inexperienced on Monday, taking cues from the worldwide markets. Asian shares began regular forward of every week filled with main quarterly earnings bulletins, whereas the US greenback hovered close to October lows after three weeks of risk-friendly sentiment harm safe-haven currencies. Trends on SGX Nifty additionally indicated an increase for the markets again residence. The Nifty futures have been buying and selling at 18,233.20 factors or 0.49 per cent up, on the Singapore Stock Exchange.

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The benchmark BSE Sen$ex had declined 101.88 factors or 0.17 per cent to settle at 60,821.62. The broader NSE Nifty had shed 63.20 factors or 0.35 per cent to shut at 18,114.90.

Here Are Stocks To Watch During Today’s Session:

Reliance Industries: RIL’s revenue has jumped 43 per cent within the second-quarter of this monetary yr 2021-22 (FY22) as larger demand for oil merchandise boosted its mainstay oil-to-chemicals enterprise. The conglomerate, led by billionaire Mukesh Ambani, has stated that its consolidated revenue rose to Rs 13,680 crore within the Q2, from Rs 9,567 crore a yr earlier.

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ICICI Bank: ICICI Bank has reported its highest ever quarterly revenue on standalone foundation at Rs 5,511 crore for Q2 on the again of wholesome mortgage development throughout verticals, aided by fall in unhealthy loans. The lender had logged a standalone web revenue of Rs 4,251 crore within the year-ago interval.

Tata Elxsi: The firm has reported a 58.9 per cent rise in its web revenue elevated in Q2. Tata Elxsi had registered a web revenue of Rs 78.8 crore within the year-ago interval. Revenue from operations rose to Rs 595.3 crore within the second quarter from Rs 430.1 crore within the corresponding interval final fiscal.

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Hindustan Zinc: The Vedanta group agency has reported a 3.9 per cent rise in its web revenue at Rs 2,017 crore for the quarter ended September 30, on the again of upper income from operations. Hindustan Zinc had posted web revenue of Rs 1,940 crore within the year-ago interval.

Apollo Tyres: The home-grown tyre main has launched its European model Vredestein in India to cater to premium automobiles and superbike segments. The firm is eyeing round 30 per cent market share within the section over the following two years with the Vredestein vary which might be regionally produced from the corporate’s vegetation in Tamil Nadu and Andhra Pradesh.


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