Stocks in focus after Q3 earnings and other developments

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stock market update, stock newsPrivate sector lender ICICI Bank’s standalone profit jumps Rs. 2024.64 Cr. from Rs. 701.89 Cr, a year ago. The profit jumped 188.5% to Rs 2024.64 cr on 10.8 percent decline in total income to Rs 16,585.76 cr in the fourth quarter March 2017 y-o-y. The result was declared after market hours yesterday, 3 May 2017.

Stocks of V-Mart Retail Ltd will be in focus today, after the company reported a standalone net profit of Rs 4.99 cr, for the Q4 ended March 31, 2017. The company had posted a net profit of Rs 0.48 cr, in the same period of last financial year.

Reliance Industries Limited (RIL) will be in attention after its subsidiary Reliance Corporate IT Park announced that it has signed an MoU with SAPSE to launch ‘SARAL GST’ solution for taxpayers in the GST rule.

Infosys Finacle, a wholly owned subsidiary of Infosys Ltd and the Commercial Bank, along with its subsidiary & associates announced the successful completion of a pilot on the cloud-based block chain network to route international remittances. 

Further, several companies will be announcing their quarterly results today, 4 May 2017, which include Godrej Properties, HDFC, Emami, Exide Industries, MRF Ltd, Oberoi Realty, L&T Finance Holdings and Wockhardt among others will post their quarterly earnings today.

 

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