Jio Financial Services reported impressive quarterly results for September 2024, with net sales at Rs 382.77 crore (up 157.07% YoY), net profit at Rs 304.83 crore (up 243.43% YoY), and EBITDA at Rs 331.86 crore (up 162.01% YoY). Shares closed at Rs 330.35 on October 17, 2024.

These are the stocks to track today. Big movement can be seen on these counters.

Mahindra & Mahindra and Skoda Auto Volkswagen India are forming a 50:50 joint venture for electric SUVs. Mahindra plans to invest ₹12,000 Crore, targeting 20-30% of SUV sales as EVs by 2027.

On October 18, JSW Steel announced it will acquire Thyssenkrupp Electrical Steel India for ₹4,051.40 crore, pending regulatory approvals.

On Friday (October 18), shares of Kotak Mahindra Bank Ltd ended at ₹1,869.80, up by ₹5.90, or 0.32% on the BSE.

These are the stocks to track today. Big movement can be seen on these counters.

The bank's results prompted brokerages to issue positive calls on the stock.

Earlier, Kotak Mahindra Bank offered two slabs for savings account interest rates, with 3.5% for balances below Rs 50 lakh and 4% for balances above Rs 50 lakh.

The draft proposal from the Reserve Bank of India released on October 4 said that only a single entity within a bank group can undertake a particular form of permissible business.

Axis Bank Q2 Results: Net interest margin, a key gauge of lender profitability, shrunk to four per cent in the September quarter from 4.11 per cent last year and 4.05 per cent in the previous quarter.

The company raised its full-year revenue growth guidance to 3.75-4.5 percent, topping up on the surprise hike to 3-4 percent announced in July

South Indian Bank's Q2 profit rose 18% to Rs 325 crore, with Net Interest Income increasing 6.3%. Shares gained 3.3% to Rs 24.77 following the results. Focus remains on retail and MSME growth.