Stocks to observe at the moment: The benchmark fairness indices on the BSE and nationwide Stock Exchange (NSE) snapped out of its two-day successful streak and ended over 1.2 per cent decrease on Friday. The S&P BSE Sensex fell 714.53 factors (1.23 per cent) to settle at 57,197.15 whereas the Nifty 50 declined 220.65 factors (1.27 per cent) to finish at 17,171.95.
Here are the important thing shares to observe on Monday, April 25, 2022:
ICICI Bank
Beating market estimates, personal sector lender ICICI Bank on Saturday reported a 59.4 per cent year-on-year soar in internet revenue to Rs 7,018.7 crore for the quarter ended March 2022, as in opposition to Rs 4,402.61 crore in the identical interval a 12 months in the past.
Higher internet curiosity earnings and improved asset high quality boosted the financial institution’s backside line.
The financial institution’s board has additionally accredited a dividend of Rs 5 per share for the shareholders.
HDFC Bank
HDFC Bank on Saturday declared a 1550 per cent or 15.50 per share dividend to its shareholders for the monetary 12 months 2021-22.
The board at its assembly has beneficial a dividend of Rs 15.50 per fairness share of Re 1 (1550 per cent) out of the web income for the 12 months ended March 31, 2022, HDFC Bank stated in a regulatory submitting.
This is topic to the approval of the shareholders on the ensuing Annual General Meeting, it stated.
Tejas Networks
Tata group agency Tejas Networks on Friday posted a consolidated lack of Rs 49.62 crore within the fourth quarter ended on March 31, 2022, because the scarcity of digital chips hit its telecom gear manufacturing. The firm had posted a revenue of Rs 33.55 crore within the interval a 12 months in the past.
The consolidated income from operations of Tejas Networks declined by 37.23 per cent to Rs 126.5 crore throughout the reported quarter from Rs 201.55 crore within the March 2021 quarter.
Reliance Industries and Future group shares
A day after Future Group’s proposed Rs 24,713 crore deal to promote its belongings to Reliance Retail was rejected by a majority of lenders to flagship Future Retail Ltd (FRL), Reliance Industries, in a inventory trade intimation Saturday, has stated that as such, the scheme of association “cannot be implemented”.
On Friday, secured lenders rejected Future Retail’s deal to promote its belongings to Reliance Retail Ventures Ltd, a subsidiary of RIL.