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RIL share price: Stocks in the news: RIL, ICICI Bank, L&T, Yes Bank, Tata Motors and ITC

ICICI Bank: The private lender s June quarter net profit zoomed 52 per cent to Rs 4,747.42 crore, driven majorly by lower provisions but reported an increase in stress from the retail loans segment. On a standalone basis, the bank reported a net profit of Rs 4,616.02 crore for the reporting quarter, up by 77 per cent JSW Steel: The steel producer posted a consolidated net profit of Rs 5,900 crore for June quarter 2021-22, mainly on account of higher income. In the year-ago period, the company reported a consolidated net loss of Rs 582 crore. Yes Bank: Yes Bank on Friday reported an over four-fold jump in net profit at Rs 207 crore for the quarter ended June 2021. The bank said this was its highest net profit since December 2018. It had posted a net profit of Rs 45 crore in the same quarter of the previous fiscal year.

Stocks to watch: RIL, ITC, Tata Motors, ICICI Bank, JSW Steel, YES Bank

RIL: Mukesh Ambani-led Reliance Industries (RIL) reported a consolidated net profit of Rs 12,273 crore for the three months ended June 30, 2021 (Q1FY22), down 7.2 per cent from Rs 13,233 crore posted in the same period last year (Q1FY21). However, last year s June quarter profit included an exceptional gain of Rs 4,966 crore. This will mean a 48.4 per cent growth in adjusted profit after tax over last year s Rs 8,267 crore. ICICI Bank: The private sector lender reported a 78 per cent YoY rise in standalone net profit at Rs 4,616 crore for June quarter compared with Rs 2,599 crore in the same quarter last year. ITC: The company reported a 28.6 per cent YoY growth in standalone profit at Rs 3,013.5 crore for Q1FY22, partly driven by low base in the year-ago quarter.

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