Good afternoon
Markets are trading in the green, with the NIFTY50 trading above 21,600 as of 1:30 pm. Here are the top stories for the day!
Top gainer: NTPC: 308 ▲ 9.4 (+3.1%)
Top loser: Indusind Bank: 1,558 ▼ 54 (-3.4%)
Reliance Industries Q3 expectations
Reliance Industries will announce its results for the December quarter today. As per the consensus market estimate, the oil-to-telecom conglomerate could report a net profit of ₹18,080 crore and a revenue of ₹ 2.33 lakh crore for the third quarter.
Metro Brand shares tank as Q3 profit falls
Shares of the footwear brand are down more than 4% today. This comes after it reported a 12% year-on-year fall in its net profit to ₹97 crore in the December quarter. The revenue growth was also in single digits, rising 6% in the same period.
Home First surges on robust Q3 results
Shares of the housing finance company are up 3% today. This comes a day after it reported a 34% rise in the net profit to ₹79 crore. Experts said that higher assignment income and lower credit cost drove the profits.
Central Bank of India Q3 result update
PSU bank’s net profit rose 56.7% YoY to ₹717.9 crore, while net Interest Income (NII) fell 4% YoY to ₹3,151.8 crore. Meanwhile, gross NPA at 4.50% vs 4.62% (QoQ), while Net NPA at 1.27% vs 1.64% (QoQ). Following the result announcement, shares of the public bank lender rose 2.5%, with a day high of ₹54.7 per share.