HDFC Bank, EMS, ICICI Bank, Cipla, Aurobindo Pharma, Bharat Wire Ropes, Lupin, and Lemon Tree Hotels Among Stocks to Watch Today
Detailed Analysis
Stock Market Update: Quarterly Earnings, Appointments, and Order Wins
The stock market is in focus today as several major companies are set to release their quarterly earnings. HDFC Bank, ICICI Bank, and Yes Bank are among the top lenders that will report their Q4 (Standalone YoY) results. Other notable companies, including Jio Financial Services, Mastek, Network 18 Media & Investments, and Hathway Cable & Datacom, will also release their quarterly earnings.
Key Highlights:
| Company | Q4 (Standalone YoY) Profit Growth | Net Interest Income Growth | | --- | --- | --- | | HDFC Bank | 9.1% to Rs 19,221 crore | 3.2% to Rs 33,081.6 crore | | ICICI Bank | 8.5% to Rs 13,701.7 crore | 8.4% to Rs 22,979 crore | | Yes Bank | 44.7% to Rs 1,068 crore | 15.9% to Rs 2,638 crore |
HDFC Bank's profit grew 9.1% to Rs 19,221 crore, while net interest income rose 3.2% to Rs 33,081.6 crore. ICICI Bank's profit increased 8.5% to Rs 13,701.7 crore, with net interest income soaring 8.4% to Rs 22,979 crore. Yes Bank's profit zoomed 44.7% to Rs 1,068 crore, with net interest income rising 15.9% to Rs 2,638 crore.
Appointments:
- Gurjeev Singh Kapoor has been appointed as the Chief Operating Officer (COO) cum CEO designate of Hathway Cable & Datacom, effective April 20.
- Vivek Shripad Joshi has been appointed as the Chief Executive Officer (CEO) – LPS Domain of Uno Minda, effective April 19.
- Chandra Prakash Singh has been appointed as the Interim Chief Financial Officer (CFO) of Krsnaa Diagnostics, effective April 17.
Order Wins:
- EMS has emerged as the lowest bidder for two construction projects from UP Jal Nigam (Urban), Varanasi, with estimated order values of approximately Rs 143.79 crore and Rs 64.8 crore.
- H G Infra Engineering has incorporated a wholly owned subsidiary, H G Gobindpur Tangi Highway, to undertake a road construction project worth Rs 1,582.11 crore in Odisha, awarded by the National Highways Authority of India (NHAI).
Bulk Deals:
- Bharat Wire Ropes has witnessed significant bulk deals, with Lloyds Metals and Energy acquiring 20 lakh shares at Rs 193.42 per share, and Lloyds Enterprises purchasing 11.46 lakh shares at Rs 215.17 per share and 5 lakh shares at Rs 215 per share, representing a 5.31 percent equity stake worth Rs 74.11 crore.
Stocks in F&O Ban:
- SAIL is among the stocks that have been banned for F&O trading due to high volatility.
Investor Takeaway
Investors should focus on the quarterly earnings of HDFC Bank and ICICI Bank, which are expected to be positive.
