How to trade RIL, ICICI Bank, Infosys, UltraTech Cement post Q1 results?

ICICI Bank can rally to a new high if the stock manages to sustain above its 200-DMA; Infosys and UltraTech Cement too look promising, while Rs 2,350-level remains the key for Reliance Industries.

Shares of index heavyweights Reliance Industries, ICICI Bank and Infosys along with largecap UltraTech Cement were in focus in trades on Monday after the companies reported earnings over the trading break in the recently concluded weekend.

One of the significant mover among the four, was Reliance Industries. The stock today dipped 4 per cent to Rs 2,404 after the company reported lower-than-expected consolidated net profit at Rs 17,955 crore for the quarter ended June 30, 2022 (Q1FY23), up 46.3 per cent over the year-ago period. A poll of analysts by Bloomberg had estimated net profit at Rs 21,615 crore.