Stocks In News Today, October 21: ITC, Axis Bank, ColPal and others in the news today | Booming stocks

By Jan B. Myers Last updated Oct 21, 2022

Stocks in the news today, October 21: Benchmarks rose for the fifth consecutive session on Thursday, supported by fag-end buying in IT stocks despite a largely pessimistic trend overseas. A rally in the rupiah also boosted investor confidence. After swinging between gains and losses throughout the session, the 30-stock BSE Sensex saw robust buying lower to close 95.71 points or 0.16% higher at 59,202.90. Similarly, the broader NSE Nifty climbed 51.70 points or 0.30% to 17,563.95. Global equities were broadly negative ahead of a series of central bank meetings. Among other Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended lower. The Dow Jones Industrial Average fell 90.22 points, or 0.3%, to 30,333.59, the S&P 500 lost 29.38 points, or 0.80%, to 3,665.78 and the Nasdaq Composite fell 65.66 points, or 0.61%, to 10,614.84.

These are the actions that will be in the spotlight today:

ColPal

Shares of Colgate-Palmolive India Ltd will be in focus today after markets opened after major FMCG on Thursday reported a 3.28% increase in net profit to Rs 278.02 crore for the second quarter ended September 30, 2022, helped by improving sales momentum.

ICC

ITC Ltd on Thursday announced a 24.08% increase in its consolidated net profit to Rs 4,670.32 crore for the second quarter ended September 30, 2022.

Axis Bank

Axis Bank on Thursday reported a 70% jump in its standalone net profit to Rs 5,329.77 crore in the quarter ended September 2022 on the back of a healthy base income helped by the reduction in bad debts. The country’s third-largest private sector lender had recorded a net profit of Rs 3,133.32 crore in the previous year, in the same quarter ended September 2021.

SBI Life

Shares of SBI Life Insurance will be in focus today as the company reports its second quarter results today.

LDF

DLF shares will be in focus today as the company reports its second quarter results today (October 21).