Stocks in news: ICICI Securities, ICICI Bank, YES Bank, Ultratech Cement, HCL Tech

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Equity markets rallied last week mainly due to relief from the middle-east tensions coupled with a correction in oil prices. In today's trade shares of ICICI Securities, ICICI Bank, YES Bank, Ultratech Cement, HCL Tech will be in focus due to various earnings and news developments.

ICICI Securities
Minority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Bank's bid to delist its broking arm from the Indian bourses.


YES Bank
Yes Bank reported a standalone net profit of Rs 452 crore for the quarter ended March 2024, which jumped 123% year-on-year.

Read more: Here's the trade setup for today's session

ICICI Bank
ICICI Bank reported a standalone net profit of Rs 10,707 crore for the quarter ended March 2024, which was up by 17.38% year-on-year.

UltraTech Cement, Trent, UCO Bank
Shares of UltraTech Cement, Trent and UCO Bank will be in focus as the companies will announce their quarterly results on Monday.


IDFC First Bank
IDFC First Bank reported a net profit of Rs 724 crore for the quarter ended March, which was down from Rs 802 crore a year ago.

HCL Tech
HCL Technologies reported a net profit of Rs 3,995 crore for the quarter ended March 2024, which was marginally higher year-on-year.

NBCC
NBCC received an in-principle approval to form a wholly owned subsidiary in Dubai.

Ircon International
Ircon International has received an order worth Rs 1,198 crore from the East Coast Railway.

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