The markets showed volatility on Friday, dipping nearly half a percent after a streak of three consecutive days of gains. Investors are focusing on shares of companies like Wipro, Kotak Bank, Zomato, Motilal Oswal, and Adani Energy, driven by quarterly results and major news updates.
1. Kotak Mahindra Bank
Kotak Bank posted a 10% rise in its December quarter net profit, reaching ₹3,305 crore, compared to ₹3,005 crore from the previous year.
2. Wipro
The IT giant reported an impressive 24% growth in consolidated net profit at ₹3,354 crore, while revenue increased marginally by 0.5%, totaling ₹22,319 crore.
3. Zomato, Paytm, and IDBI Bank
These stocks are under scrutiny as the companies are set to announce their Q3 results today.
4. Adani Energy Solutions
Adani Energy secured two new transmission projects, boosting its order book to an impressive ₹54,700 crore, tripling its fiscal year-start portfolio.
5. Gland Pharma
The USFDA issued an EIR (Establishment Inspection Report) for Gland Pharma’s Hyderabad facility, signaling the closure of inspections conducted earlier in mid-2024.
Other updates include:
- RBL Bank: Witnessed a steep 86% decline in Q3 profit, recording just ₹33 crore.
- Jio Financial: Reported flat net profit at ₹295 crore for Q3.
- Ashapura Minechem: Its overseas division partnered with China Railway to develop bauxite deposits in Guinea.
- Zydus Life: Received USFDA approval for phase II(b) clinical trials of Usnoflast.
Keep an eye on these stocks as they respond to market dynamics and company announcements!