Stocks to Watch Today, July 20: Indian equities are likely to track key corporate developments as investors focus on Q1 earnings, order wins and business updates. Shares of Reliance Industries, HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Axis Bank will remain in focus after reporting quarterly results.
Investors will also track stocks including NATCO Pharma, GAIL, HCL Tech, Jindal Stainless, Prestige Estates, Laser Power & Infra and Force Motors following recent company announcements.
Here’s the full list of stocks to watch in today’s trading session:
Stocks to Watch
Stocks in focus |
Why in focus |
| Reliance Industries | Q1 Profit Rises 6.1%, Promoter Group Raises Stake |
| HDFC Bank | Q1 Profit Grows 5%, NII Climbs 6.7% |
| ICICI Bank | Strong Q1 Performance with 15.9% Profit Growth |
| Kotak Mahindra Bank | Q1 Profit Jumps 25.6%, NII Up 9.2% |
| Axis Bank | Q1 Profit Surges 22.5% on Strong Growth |
| Laser Power & Infra | Secures ₹4.15 Crore Order from HPSEBL |
| Prestige Estates Projects | Launches Housing Projects Worth ₹12,000 Crore |
| NATCO Pharma | Receives Tentative USFDA Approval for Olaparib Tablets |
| GAIL | Signs MoU with KABIL for Critical Minerals Collaboration |
| HCL Tech | Inaugurates Global Technology Centre at GIFT City |
| Jindal Stainless | Supplies Steel for India’s First Hydrogen-Powered Train |
| Cipla | USFDA Conducts Routine cGMP Inspection at US Facility |
| Force Motors | Associate Vice President Resigns from Company |
Q1 Results, Promoter Stake Increase
Reliance Industries reported a 6.1 per cent rise in Q1 net profit to Rs 23,196 crore, while gross revenue increased 24.5 per cent to Rs 3.4 lakh crore. The promoter group also raised its stake by nearly 0.5 per cent during the June quarter.
Q1 Profit Rises 5 per cent
HDFC Bank reported a 5 per cent increase in Q1 net profit to Rs 19,059.7 crore. Net interest income grew 6.7 per cent to Rs 33,534 crore from Rs 31,438 crore in the corresponding quarter last year.
ICICI Bank posted a 15.9 per cent rise in Q1 net profit to Rs 14,804.5 crore. Net interest income increased 12.7 per cent to Rs 24,384.4 crore from Rs 21,634.5 crore a year ago.
Profit Jumps 25.6 per cent
Kotak Mahindra Bank reported a 25.6 per cent increase in Q1 net profit to Rs 4,123 crore. Net interest income rose 9.2 per cent to Rs 7,928.4 crore from Rs 7,259.3 crore last year.
Axis Bank recorded a 22.5 per cent rise in Q1 net profit to Rs 7,113.9 crore. Net interest income increased 8 per cent to Rs 14,646.1 crore from Rs 13,559.8 crore in the year-ago period.
Laser Power & Infra secured a Rs 4.15 crore order from Himachal Pradesh State Electricity Board Limited for the supply and installation of advanced conductors.
Launches Three Housing Projects
Prestige Estates launched three residential projects during the April–June quarter with an estimated revenue potential of Rs 12,000 crore as part of its expansion plans.
GAIL signed a Memorandum of Understanding (MoU) with Khanij Bidesh India Limited (KABIL) to collaborate in the field of critical and strategic minerals.
Opens Global Technology Centre
HCL Tech’s Global Technology Centre was inaugurated at GIFT City in Gandhinagar by Gujarat Deputy Chief Minister Harsh Sanghavi.
Supplies for Hydrogen Train
Jindal Stainless supplied 40 per cent of the total stainless steel requirement for India’s first hydrogen-powered train.
Cipla
USFDA Conducts Inspection
The USFDA conducted a routine current Good Manufacturing Practices (cGMP) inspection at InvaGen Pharmaceuticals, Cipla’s wholly owned subsidiary in New York, from July 13 to July 17.
Force Motors announced that Associate Vice President Amit Pramod Joshi resigned due to personal reasons, effective July 17.
(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.)
