Stocks to Keep an Eye on Today: LTTS, ICICI Pru, Jindal Steel, Spandana, HDFC Bank
Alok Textiles, Ganesh Corporation, Heidelbergcement, Bank of Maharashtra, and Nelco will all release Q1 earnings on Monday; these are the stocks to watch today.
Stocks to Watch Today: As a result of Friday's significant gain in US markets, today's trading is anticipated to open with a favourable gap. The SGX Nifty futures were trading at 16,201 as of 7:10 AM, up 150 points from the Nifty 50 benchmark.
The following stocks are anticipated to move on Monday with some activity.
Alok Textiles, Ganesh Corporation, Heidelbergcement India, Bank of Maharashtra, Nelco, and Onward Technologies are the companies to watch for earnings.
After deducting taxes of Rs 2,984 crore, HDFC Bank recorded a 19% YoY growth in its standalone net profit in the first quarter of FY23, coming in at Rs 9,196 crore. Net interest income for the bank increased 14.5% to Rs 19,481.4 billion.
The largest private lender in the nation also said that after raising interest rates in May, wholesale loans worth over Rs 50,000 crore were lost to competition.
Newsworthy stocks include Vedanta, Federal Bank, LLTS, Voda Idea, HDFC Bank, and Voda Idea.
The Singapore Exchange's Nifty futures traded 165.5 points, or 1.03 percent, higher at 16,205.5, indicating that Dalal Street will have a good Monday. The following twelve stocks may be the most popular ones in today's market:
Bank of Maharashtra, Alok Industries, and Heidelberg Cement are each trading at 1.21 percent on the NSE (India),
Following results, HDFC Bank is falling, so here's what you should do.
After the business released its June quarter earnings last week, HDFC Bank's share price declined in early trade on July 18.
On July 16, HDFC Bank announced a standalone net profit of Rs 9,195.99 crore for the quarter that ended in June, an increase of 18.79 percent over the same time in 2017.
Net interest income (NII) was Rs 19,481.40 billion, up 14.5% from the previous year (YoY).
Advances grew by 22.5 percent and deposits by 19.2 percent, which contributed to the increase in NII. The overall balance sheet increased by 20.3%.
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