Stock market live updates

Stocks in news: Wipro, YES Bank, ICICI Bank, RIL, HDFC Bank, Sun Pharma

The Nifty futures contract traded on the Singapore Exchange indicates a positive start for domestic equities.

The contract was trading at 17,680, up 41 points or 0.23% from the previous close.

Earnings Today

Shares of IndusInd Bank, Bank of Maharashtra, and Persistent Systems will be in focus as the companies will announce their quarterly results today.

Bengaluru-based IT major announced that it will consider a share buyback proposal on April 27 along with the release of its March quarter report card.ICICI Bank
ICICI Bank reported a net profit of Rs 9,122 crore for the quarter ended March, which was up 30% year-on year (YoY) from the corresponding quarter of the previous year.

YES Bank
Yes Bank net profit dropped 45% year-on-year to Rs 202 crore from Rs 367 crore the company reported in the corresponding quarter of FY22.

Sun Pharma
USFDA directs the company to take certain corrective actions at the Mohali facility before releasing further final product batches into
the US.

Goldstone Technologies
Goldstone Technologies and e-mobility major Quantron AG, forge JV to build digital platforms offering sustainability services.
Kotak Mahindra Bank
Kotak Mahindra Bank has received shareholder approval to appoint Uday Kotak as a non-executive, non-independent director after his tenure as CEO ends.

Reliance Industries
Reliance Industries reported a 19% year-on-year (YoY) rise in consolidated net profit for the quarter ended March to Rs 19,299 crore. Consolidated revenue grew 2% year-on-year to Rs 2.16 lakh crore.
HDFC Bank has received some clarifications regarding its merger with HDFC from the Reserve Bank of India. The clarifications are related to lending, investments, CLR, loan against shares and certain regulatory requirements.

HDFC AMC has received final approval from Sebi for change in control of the company due to change in co-sponsor of HDFC Mutual Fund, on account of amalgamation of HDFC with and into HDFC Bank.

Wendt India
The company’s sales stood at Rs 207 crore for the current year, which is 17 % higher than the previous year with the PAT of Rs 40 crore.

Hindustan Zinc
Hindustan Zinc’s consolidated net profit fell 12% to Rs 2,583 crore for the fourth quarter ended March. It was Rs 2,928 crore in the same period last year.
Union Bank
Union Bank board will meet on 26 April to discuss and approve the capital plan of the Bank by way of various modes.