From The Economic Times · Kumar Gaurav · · 1m 40s
Stocks in News: Vedanta, HDFC Bank, ICICI Bank, Axis Bank
Monday's key stocks: Vedanta's zinc expansion, HDFC Bank's profit rise, and banking sector updates.
In brief
Monday's key stocks: Vedanta's zinc expansion, HDFC Bank's profit rise, and banking sector updates. Vedanta plans to double zinc production capacity to 500,000 tonnes with $600m investment; HDFC Bank reports 4.7% higher quarterly profit but declining net interest margin. Originally reported by The Economic Times.
Market Recovery
Indian equities extended recovery on Friday with sustained buying in information technology stocks.
Nifty 50 Performance
Nifty 50 advanced 149 points or 0.65% to close at 23,146.
Market Outlook
Sustained close above 23,150 could extend recovery towards 23,300, 23,500.
Bank Nifty Condition
Bank Nifty needs to break above 56,000 for rally to gain durability.
Vedanta Expansion
Vedanta plans to double annual zinc production capacity to 500,000 tonnes with $600m investment.
HDFC Bank Results
HDFC Bank reported 4.7% higher quarterly profit to Rs 19,510 crore with declining net interest margin.
ICICI Bank Performance
ICICI Bank reported 20.1% higher quarterly profit with improved asset quality.
Yes Bank Results
Yes Bank reported 65.14% higher quarterly profit with improved asset quality.
Oil India Contract
Oil India signed revenue sharing contract for Special Coal Bed Methane Block SRONHP-(CBM)-2026/1.
Axis Bank Results
Axis Bank reported 37.6% higher quarterly profit with improved asset quality.
IDBI Bank Results
IDBI Bank reported 39% decline in quarterly profit with improved NII.
Bajaj Healthcare Results
Bajaj Healthcare reported 26.9% higher quarterly profit with margin contraction.
Central Bank of India
Central Bank of India reported 21.1% higher quarterly profit with fundraising plan.
What it means
Vedanta plans to double zinc production capacity to 500,000 tonnes with $600m investment; HDFC Bank reports 4.7% higher quarterly profit but declining net interest margin.
