Stocks in news: UltraTech, Eternal, RIL, ICICI Bank, HDFC Bank, Jio Financial
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Markets extended their losing streak into the third consecutive week, as investors adopted a cautious stance due to the disappointing start of the earnings season and ongoing uncertainty surrounding the US-India trade deal. In today's trade, shares of UltraTech, Eternal Jio Financial among others will be in focus.Shares of UltraTech Cement, Eternal and IDBI will be in focus as the company will announce its fourth quarter results.ICICI Bank, India's second largest private lender, reported a standalone net profit of Rs 12,768 crore, up 15% year-over-year compared to a profit of Rs 11,059.11 crore in the corresponding quarter of last year.HDFC Bank, India's largest private sector lender, on Saturday announced its first-ever bonus issue, with the board approving the allotment of shares in a 1:1 ratio. Yes Bank reported a 59% growth in its Q1FY26 standalone net profit at Rs 801 crore versus Rs 502 crore in the year ago period.Private sector lender RBL Bank on Saturday reported a standalone net profit of Rs 200.33 crore for the first quarter ended June 2025, a 46% year-over-year declineMukesh Ambani-led Reliance Industries (RIL) reported a 78% growth in its Q1FY26 consolidated net profit at Rs 26,994 crore versus Rs 15,138 crore in the year ago period.Sona Comstar entered China EV market via JV to manufacture driveline systems with Jinnaite Machinery (JNT) in China. Punjab and Sind Bank reported a net profit growth of 48% to Rs 269 crore in the first quarter.JK Cement's net profit rose 75% to Rs 324 crore in the first quarter, while revenues increased 19% to Rs 3,352 crore.Warbug Pincus (Currant Sea Investments B.V) received RBI approval for its proposed 9.99% investment In IDFC First BankJio Financial to form 50:50 reinsurance joint venture with Allianz.Dr Reddy's received seven USFDA observations after Srikakulam plant inspection.
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