Stocks to Watch Today, July 16: Indian shares are likely to see stock-specific action on Wednesday as investors react to a fresh set of quarterly earnings from financial firms including ICICI Lombard, HDB Financial Services, HDFC Life, Angel One and Union Bank, alongside corporate developments involving Ather Energy, Adani Power, Tata Capital, GMR Airports, Swiggy and State Bank of India.
Here’s the list of stocks to watch in today’s trading session:
Stocks in focus |
Why in focus |
| ICICI Lombard General Insurance | Q1 Profit Falls 46%, Premium Earned Up 15.8% |
| Groww | Q1 Profit Surges 94%, Revenue Rises 66% |
| HDB Financial Services | Profit Jumps 38%, NII Up 20% |
| HDFC Life Insurance | New Business Premium Grows 12%, APE Up 9% |
| Angel One | Profit Doubles, Revenue Climbs 25% |
| Mangalore Refinery and Petrochemicals (MRPL) | Swings to Profit, Revenue Soars 120% |
| Union Bank of India | Q1 Profit Rises 27.5%, NII Edges Higher |
| GMR Airports | Passenger Traffic Declines Marginally |
| Ather Energy | Approves Rs 960 Crore Preferential Warrant Allotment to Hero MotoCorp |
| Tata Capital | Raises USD 400 Million via International Bonds |
| Swiggy | Partners with HPCL for LPG Cylinder Delivery |
| Adani Power | Signs 1,600 MW Power Supply Agreement with MSEDCL |
| State Bank of India (SBI) | Sunil Ramgopal Agrawal Joins as CFO Designate |
Q1 Profit Falls Despite Premium Growth
ICICI Lombard reported a 46 per cent decline in profit to Rs 403.2 crore from Rs 747.1 crore, while net premium earned increased 15.8 per cent to Rs 5,950 crore from Rs 5,136.1 crore.
Q1 Profit Surges, Revenue Up
Groww parent Billionbrains Garage Ventures reported a 94 per cent rise in Q1 net profit to Rs 735 crore, while consolidated revenue from operations grew 66 per cent to Rs 1,501 crore.
Profit Jumps, NII Rises 20 per cent
HDB Financial Services reported a 38.3 per cent increase in profit to Rs 785 crore, while net interest income grew 20 per cent to Rs 2,509 crore during the quarter.
New Business Premium Grows
HDFC Life reported a 12 per cent rise in new business premium to Rs 8,143 crore, while Annual Premium Equivalent (APE) increased 9 per cent to Rs 3,515 crore.
Profit Doubles, Revenue Climbs
Angel One reported a 102.2 per cent jump in profit to Rs 231.4 crore, while revenue increased 25.4 per cent to Rs 1,429.7 crore compared with last year.
Swings to Profit in Q1
Mangalore Refinery and Petrochemicals reported a profit of Rs 945.7 crore against a loss of Rs 270.7 crore, while revenue surged 120.4 per cent to Rs 38,254.2 crore.
Q1 Profit Rises 27.5 per cent
Union Bank reported a 27.5 per cent increase in consolidated net profit to Rs 5,641.52 crore, while net interest income edged up 1.05 per cent to Rs 27,203 crore.
Passenger Traffic Slips Marginally
GMR Airports reported a 0.3 per cent decline in passenger traffic, with domestic traffic down 0.4 per cent, international traffic up 0.1 per cent, and aircraft movements declining 2.4 per cent.
Board Approves Hero MotoCorp Warrant Allotment
Ather Energy’s board approved the allotment of 76.19 lakh convertible warrants to Hero MotoCorp at Rs 1,260 per warrant, aggregating Rs 960 crore.
Raises USD 400 Million
Tata Capital announced a USD 400 million fundraise from the international bond markets.
Partners with HPCL
Swiggy Instamart announced a partnership with Hindustan Petroleum Corporation Limited (HPCL) to deliver LPG cylinders.
Signs 1,600 MW Supply Agreement
Adani Power signed a power supply agreement with Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to supply 1,600 MW of power.
Appoints CFO Designate
State Bank of India announced that Sunil Ramgopal Agrawal has joined the bank as Chief Financial Officer (Designate) with effect from July 15.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
