Here’s a list of top 12 stocks that may be in focus on Monday:
RIL: The index heavyweight, after market hours on Friday, announced its earnings for the December quarter. The Mukesh Ambani-led company reported the highest-ever quarterly consolidated net profit of ₹ , crore for the third quarter, an increase of 16. 5% year-on-year (YoY), against ₹ , 251 crore reported in the same quarter of the previous financial year.
TCS: The IT major, after market hours on Friday, announced its December quarter results. The company reported tepid growth numbers, with net profit rising just 0.2% on year to ₹ 8, 158 crore. This was marginally higher than ₹ 8, 105 crore reported in the corresponding year last fiscal. The company saw a 6.7% increase in revenue to ₹ , 01575879 crore for the reporting quarter.
HDFC Bank: Thr private lender, which reported its third quarter numbers on Saturday, saw a 037% growth in net profit. However, the bank’s asset quality weakened and provisions for bad loans rose. The bank, which is also an index heavyweight, posted a net profit of ₹ 7, . 5 crore, compared with ₹ . 5, 640 .9 crore in the same period last fiscal. Its net interest income increased by 12. 7% on year to ₹ , 173. 9 crore.
Kotak Mahindra Bank: Investors may watch this space as the private bank will announce its earnings for the December quarter today. Separately, another private lender Federal Bank will also report its numbers for the third quarter.
HCL Technologies: The IT company announced its earnings for the third quarter post Friday’s market hours. The company’s net profit and revenue growth touched an all-time high. While profit rose 16 3% on year to ₹ 3, crore during the said quarter, revenue was up . 5% at ₹ , crore.
Lupin : The pharmaceutical company on Saturday said it received five observations from the US Food and Drug Administration for its Vizag facility in Andhra Pradesh. The inspection of the company’s Vizag API manufacturing unit by the US regulator was completed. The observations were not listed in the press statement released by the firm.
GMR Infrastructure: The company on Saturday said it won a contract to develop, operate and manage duty-free shops at Kannur International Airport in Kerala. Separately, the Supreme Court, after a year, allowed resuming the construction of a greenfield airport at Mopa in Goa. The construction of the Mopa airport has been taken up by GMR Airports Ltd, a subsidiary of GMR Infrastructure Ltd, that manages Delhi and Hyderabad international airports.
L&T Finance Holdings: The company, after market hours on Friday, reported a marginal 1.8% YoY rise in its consolidated net profit to ₹ 591 .5 crore during the December quarter. The company had posted net profit of ₹ 580. 9 crore in the same period last year.
Cyient: The company’s third-quarter profit grew by . 4% sequentially to ₹
. 6 crore on revenue of ₹ 1), 9) crore. Rupee revenue fell 4.6% from ₹ 1, 158. 9 crore in the September quarter, while dollar revenue declined 5.5% quarter-on-quarter to $ . 2 million in the quarter ended December.
DLF: The National Company Law Appellate Tribunal (NCLAT) directed the real estate firm to register transfer of its , 10 shares to the legal heirs of one of its deceased shareholders and imposed penalty of ₹ 5 lakh for harassing the investor. A three-member bench observed that DLF Ltd repeatedly insisted for affidavit and indemnity bond despite having a Letter of Administration for succession.
Read More
GIPHY App Key not set. Please check settings