India Cements’ Q1 performance saw a 14% sequential drop in revenue and higher exceptional charges due to planned asset sales. While costs eased and realisations improved, the company reported impairments totalling over Rs 120 crore linked to divestments in Indian and overseas subsidiaries.
Union Bank of India Q1 Results: PAT rises 12% to Rs 4,116 crore
Union Bank of India reported a 12% increase in net profit, reaching Rs 4,116 crore in the first quarter of this fiscal year, driven by improved interest earned and asset quality. Gross NPAs decreased to 3.52%, and net NPAs fell to 0.62%, boosting the bank’s financial health. The bank’s total business expanded by 5% to Rs 22,14,422 crore.
Central Bank of India Q1 Results: Net profit surges 33% to Rs 1,169 crore
Central Bank of India announced a significant 33 percent rise in net profit, reaching Rs 1,169 crore for the first quarter. This growth is attributed to improved core income and reduced bad debts. The bank’s total income increased to Rs 10,374 crore. Asset quality improved, with gross NPAs declining to 3.13 percent.
ET Market Watch: Sensex crashes 500 points, 5 factors behind market fall
IndusInd Bank to consider raising funds via long-term bonds
IndusInd Bank is set to discuss raising funds through long-term bonds at its upcoming board meeting on July 23. This consideration follows a $230 million loss due to past misaccounting, which led to the resignations of its CEO and deputy in April. The bank is also evaluating potential capital increases via depository receipts and qualified institutional placements.
RIL Q1 Results: 10 key takeaways from Mukesh Ambani-led energy-to-retail conglomerate’s earnings
Reliance Industries reported its highest-ever quarterly net profit of ₹26,994 crore in Q1FY26, up 78% YoY, driven by strong growth in telecom, retail, and oil-to-chemicals segments. Jio crossed 200 million 5G users, while retail and Jio-bp delivered solid gains.
Jio Financial shares in focus after Q1 profit rises 4% YoY, revenue surges up 47%
Jio Financial Services reported a 3.8% YoY rise in Q1 profit to Rs 325 crore, with revenue jumping 47% to Rs 612 crore. While long-term technicals remain strong, the stock is trading below short-term averages. Analysts maintain a ‘Hold’ rating.
Go for bottom-up stories in SMIDs; IT stocks look good in medium-term: Shibani Sircar Kurian
Shibani Sircar Kurian suggests Indian markets have shown resilience amid global uncertainties, but have recently underperformed emerging markets. Corporate earnings growth is crucial for future market direction, with expectations of improvement in the second half of the fiscal year. While underweighting mid and small caps, a bottom-up approach focusing on strong companies with earnings visibility is favored.
Hitachi Energy, Zydus Wellness among 6 stocks with White Marubozu Pattern on July 17
A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.
Patanjali Foods, Edelweiss Financial among 8 stocks with White Marubozu Pattern on July 16
A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.