Stocks in news: RIL, HDFC Bank, YES Bank, IndusInd Bank, RBL Bank, Jain Resource

Market Overview - The Nifty index maintains a positive tone with targets set at 26,000 and new lifetime highs anticipated, although traders are advised to focus on index heavyweights and larger midcaps due to broader market underperformance [1] Company Earnings - Reliance Industries (RIL) reported a 10% growth in consolidated Q2 net profit at Rs 18,165 crore compared to Rs 16,563 crore in the previous year, with revenue from operations at Rs 2.59 lakh crore, also up 10% YoY [2][15] - IDFC First Bank experienced a 75% YoY increase in standalone net profit to Rs 352.31 crore, although net interest income (NII) fell sharply by 40% YoY to Rs 5,112.57 crore [5][15] - IndusInd Bank posted a net loss of Rs 437 crore in Q2, reversing from a net profit of Rs 1,331 crore in the same quarter last year, with NII declining by 17.6% YoY to Rs 4,409 crore [6][15] - ICICI Bank reported a 5.2% YoY growth in profit after tax to Rs 12,359 crore and a 7.4% increase in NII to Rs 21,529 crore [7][15] - HDFC Bank's standalone net profit grew by 10.8% YoY to Rs 18,641.28 crore, with NII increasing by 4.8% YoY to Rs 31,550 crore [8][15] - UltraTech Cements saw a 75.2% YoY increase in net profit to Rs 1,232 crore, with net sales rising 21.3% YoY to Rs 19,371 crore [9][15] - JSW Energy reported a 17% decline in consolidated Q2 net profit to Rs 705 crore, while revenue from operations increased by 60% YoY to Rs 5,177 crore [10][15] - Yes Bank's net profit rose by 18% YoY to Rs 654 crore, with core net interest income increasing by 4.6% [13][16] Strategic Developments - RBL Bank plans to initiate a wealth management business following Emirates NBD's acquisition of a 60% stake for $3 billion, marking a significant cross-border acquisition in the Indian financial sector [11][15] - Realty firm Sobha is set to launch residential projects worth Rs 22,000 crore over the next 18 months across multiple cities [12][15] - IndiGo has placed a firm order for 30 additional A350-900 planes from Airbus to support its international expansion [14][16]