Six Stocks In News At Noon: HDFC Bank, ICICI Bank, Jio Financial Services Among Others
Both Nifty 50 and Sensex were trading over 1% higher around midday.
As the trading session advances, several key stocks are making headlines due to their notable movements and financial results. Here's a look at the six stocks in focus at noon, with benchmark indices Nifty and Sensex, each gaining over 1%.
HDFC Bank
HDFC Bank Ltd.'s share price rose over 2% on Monday, reaching an all-time high of Rs 1,950 following the announcement of its fourth quarter earnings. The bank reported a net profit increase of 6.7% year-on-year to Rs 17,616 crore, alongside a 10.3% rise in net interest income to Rs 32,066 crore.
Additionally, the net non-performing assets ratio stood at 0.43%, down from 0.46% quarter-on-quarter, while gross NPA improved to 1.33% from 1.42% quarter-on-quarter.
ICICI Bank
ICICI Bank Ltd.'s share price surged by 2.08% on Monday, reaching an all-time high of Rs 1,436 following the announcement of its fourth quarter earnings.
The bank reported a net profit increase of 18% year-on-year to Rs 12,630 crore, driven by higher net interest income and operating profit. The net non-performing assets ratio improved to 0.39% from 0.42% quarter-on-quarter, indicating better asset quality management.
Yes Bank
Shares of Yes Bank Ltd. rose to a two-month high after its fourth quarter profit rose 63% year-on-year to Rs 738 crore. On a sequential basis, the bottom line rose 20.55%. A rise in other income also aided the bank's profit after tax, which increased by 11% year-on-year to Rs 1,739 crore.
Just Dial
Share price of internet technology company Just Dial Ltd. surged nearly 10% in early trade on Monday, after the company posted solid financials for the fourth quarter of fiscal 2025.
Just Dial reported a bottom line of Rs 157 crore, a 36% increase from the same quarter last fiscal. The company's revenue from operations rose 7% to Rs 289.20 crore.
Jio Financial Services
Shares of Jio Financial Services Ltd. were trading in the green in early trade on Monday, after the company posted a rise in profit in the final quarter of fiscal 2025.
The company's consolidated net profit for the fourth quarter rose by 1.8% to Rs 316.1 crore, compared to Rs 310.6 crore during the same quarter of the previous fiscal.
Tata Elxsi
Shares of Tata Elxsi Ltd. rose over 3% on Monday despite its fourth-quarter performance falling short of expectations and brokerages remaining cautious on near-term prospects.
For the quarter under review, the technology services provider's net profit dropped 13% sequentially to Rs 172 crore. Its revenue fell 3.3% quarter-on-quarter to Rs 908 crore.
