suzlon energy shares: Stocks in news: IDBI Bank, Suzlon Energy, RIL, HDFC Bank, Kotak Bank, JSW Steel

Equity indices tumbled on Friday as investors preferred to book profits after four days of record-breaking rally and weak trends from global markets. In today’s trade, shares of IDBI Bank, Suzlon Energy, RIL, HDFC Bank, Kotak Bank, JSW Steel among others will be in focus due to news developments and quarterly results.

IDBI Bank, Suzlon Energy

Shares of IDBI Bank and Suzlon Energy will be in focus as the companies will announce their first quarter results today.

HDFC Bank
HDFC Bank today reported a standalone net profit of Rs 16,175 crore for the quarter ended June 30, 2024, which was up by 35% year-on-year.

Kotak Bank
Kotak Mahindra Bank today reported a standalone net profit of Rs 6,250 crore for the quarter ended June 30, 2024, which was up 81% year-on-year.

YES Bank
YES Bank today reported a standalone net profit of Rs 502.43 crore for the quarter ended June 30, 2024, which was up by 47% year-on-year.

RIL
Mukesh Ambani-owned Reliance Industries Ltd (RIL) on Friday reported 5% decline in its consolidated net profit at Rs 15,138 crore.

Patanjali Foods
Patanjali Foods nearly tripled its net profit at Rs 263 crore in the first quarter ended June 2024. The same stood at Rs 88 crore in the last year quarter.

Vedanta
Metal major Vedanta on Friday allocated 19.32 crore equity shares at an issue price of Rs 440 per share as the company announced closure of qualified institutional placement.

JSW Steel
Steel major JSW Steel on Friday reported 64% decline in its consolidated net profit at Rs 845 crore in the first quarter.

JK Cement
JK Cement posted a net profit of Rs 185 crore, which was up 67% year-on-year in the first quarter. Revenue rose 2% year-on-year to Rs 2,807 crore.

RBL Bank
RBL Bank posted a profit of Rs 371 crore in the first quarter. The net interest income (NII) for the same period came in at Rs 1700 crore.

Zaggle Prepaid
Zaggle Prepaid has entered into an agreement with PNB MetLife India Insurance Co to provide Zaggle Save (Employee expense management and benefits).

HDFC Life
HDFC Life received income tax rectification order; tax, interest demand for AY20-21 reduced to Rs 1,868 crore versus Rs 4,178 crore demand.

Jubilant Pharmova
US FDA classifies Jubilant Pharmova’s radiopharma mfg unit at Montreal as Voluntary Action Indicated.

EMS
EMS JV bagged an order worth Rs 535.19 crore from Uttarakhand Urban Sector Development Agency.