Stocks to Watch on Monday. Photo: PTI
Stocks to Watch on Monday. Photo: PTI

Stocks to Watch: Bharti Airtel, Vodafone Idea, ONGC, Bank of Baroda, LIC Housing

  • RBI to consider appropriate steps against Bank of Baroda for delay in honouring a bank guarantee
  • US FDA issued two observations for Granules India's manufacturing facility in Gagillapur, Hyderabad

New Delhi: Here is a list of top 10 stocks that may be in focus on Monday:

Bharti Airtel: After the Supreme Court's Friday order setting a deadline for clearing adjusted gross revenue (AGR)-related dues, the telecom operator has said it will deposit 10,000 crore as part payment with the Department of Telecommunications (DoT) by 20 February and the balance before 17 March. The company said it needs time to complete calculating dues across 22 circles.

Vodafone Idea: The telecom operator, which was the worst hit by the Supreme Court order in the AGR case on Friday, is in the process of assessing dues it owes to the DoT and proposes to pay this in the next few days, the company said in an exchange filing on Saturday. The telco also said it has received letters from the DoT for immediate payment of dues.

ONGC: The state-owned oil explorer on Friday reported a 49.7% year-on-year fall in its standalone profit to 4,151.63 crore for the quarter ended December. The company had posted a profit of 8,262.70 crore in the same period last year. Revenue from offshore and onshore operations during the reporting quarter also declined 16.83% and 9.1% year-on-year to 15,764.66 crore and 7,945.39 crore respectively.

Maruti Suzuki: The auto major will not only defend its market share but also "charge" at and "chase" competitors with newcomers such as Kia and Chinese players intensifying competition, according to media reports that quoted the company's managing director and chief executive officer Kenichi Ayukawa.

Bank of Baroda: The Calcutta High Court has asked the Reserve Bank of India (RBI) to consider “appropriate steps" against the state-owned bank, including cancelling its banking license, as the lender delayed honouring a bank guarantee. The order relates to a case between Bank of Baroda and Indian Oil Corporation Ltd on a bank guarantee issued to Simplex Projects Ltd and later invoked by the oil marketing firm.

LIC Housing Finance: The company has referred 14 real estate projects for last-mile funding to an alternative investment fund (AIF) created by the government to revive stalled housing projects. Chief executive officer Siddharth Mohanty said LIC Housing Finance Ltd’s exposure to these projects is about 1,100 crore and is the sole financier in all its real estate projects.

Glenmark Pharma: The pharmaceutical company said its consolidated net profit during the December quarter jumped 64% year-on-year to 190.83 crore. Net profit surged due to robust sales in the Indian market. The board of the company has approved raising funds up to $400 million through issuance of securities.

Future Enterprises: The company reported a nearly 67% decline in its consolidated net profit to 12.06 crore for the three months ended December. The Kishore Biyani-led company had reported a net profit of 36.51 crore in the same period last year.

Granules India: The pharmaceutical company on Saturday said the US Food and Drug Administration has completed the inspection of its manufacturing facility located in Gagillapur, Hyderabad. The US regulator completed the inspection on 14 February with two observations, the details of which are awaited by the company.

Sun TV: The cable and satellite television company reported a 7.15% rise in consolidated net profit after tax to 384.69 crore for the December quarter. The company had posted a net profit of 359.01 crore in the same period last year. However, total income declined 7.89% to 914.17 crore during the quarter under review, as against 992.58 crore a year ago.

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