3 hours Ago By Biplob Ghosal
Stocks in News today: The share price of Mahindra Logistics, Union Bank of India, Hyundai Motor India and RBL Bank are expected to remain in news on October 22, 2024. Mumbai: The shares of Hyundai Motor India, Union Bank of India, RBL Bank, and Mahindra Logistics are expected to remain in focus on October 22, 2024 (Tuesday). Mahindra Logistics share price In its Q2 Results 2024-25, Mahindra Logistics Ltd registered 54 per cent decline in standalone Profit After Tax (PAT) at Rs 8.
5 crore as compared to Rs 18.6 crore. The revenue increased 9 per cent to Rs 1,236 crore from Rs 1,136 crore.
During the quarter, we saw strong revenue performance with year-on-year growth of 11.5 per cent. Our 3PL contract logistics, cross border and last mile delivery segments registered strong growth driven by account additions, new offerings and a stable cross border pricing environment,” said Rampraveen Swaminathan, Managing Director and CEO at Mahindra Logistics Ltd.
Union Bank of India share price Union Bank of India informed the exchanges of recording 34 per cent growth in its net profit at Rs 4,720 crore during the June-September quarter of 2024-25. The state-owned bank had registered a net profit of Rs 3,511 crore in the second quarter of the previous financial year. In its regulatory filing, the lender mentioned that its total income increased to Rs 32,036 crore, while it was Rs 28,282 crore in the same period last year.
The bank stated that gross non-performing assets (NPAs) declined to 4.36 per cent of the gross loans by the end of September 2024. Hyundai Motor India share price Hyundai Motor India shares will be listed on BSE and NSE today.
The GMP data indicates that the stock is expected to list with gains of meagre 2.45 per cent, investorgain reported. Hyundai Motor IPO opened for subscription on October 15, 2024 and will close on 17th October.
RBL Bank share price The shares of RBL Bank are expected to be in news today a day after the counter plunged over 14 per cent on October 21. The banking stock slumped as the lender recorded a 24 per cent decline in net profit in the second quarter of 2024-25 to Rs 223 crore. The counter dropped 14.
21 per cent at Rs 176.25 on the BSE while at the NSE, it declined 14.18 per cent to Rs 176.
14. ( Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds .
) Click for more latest Markets news . Also get top headlines and latest news from India and around the world at News9. Biplob Ghosal is Online News Editor (Business) at TV9’s digital arm - News9live.
com. Leading the english business editorial team, he writes on various issues related to stock markets, economy and companies. Having over a decade of experience in financial and political journalism, Biplob has been previously associated with Timesnownews.
com, Zeenews. He is an alumnus of Makhanlal Chaturvedi Rashtriya Patrakarita Vishwavidyalaya. Follow him at @Biplob_ghosal.
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