Stocks to Watch: HDFC Bank, Jet Airways, Allahabad Bank, PI Industries, Concor2 min read . Updated: 07 Jan 2020, 08:04 AM IST
Here is a list of top 10 stocks that may be in focus on Tuesday
Here is a list of top 10 stocks that may be in focus on Tuesday:
HDFC Bank: The private lender, after market hours on Monday, said its advances grew around 20% in the December quarter to ₹9.34 lakh crore from ₹7.81 lakh crore in the same period last year. The latest number is also higher than advances in the September quarter at ₹8.97 lakh crore. The bank’s deposits rose 25% on year to 10.67 lakh crore in the fiscal third quarter.
Telecom Firms: The sector, in a pre-Budget consultation meeting with the department of telecommunications (DoT), sought from the government reduction in levies such as licence fees, spectrum usage charges, apart from ways to mobilise cheaper funds to improve infrastructure. Operators have also sought abolishing customs duties on 4G/5G-related network products.
Jet Airways: Billionaire Germán Efromovich-controlled Synergy Group submitted a fresh bid for the grounded airline, Antonio Guizzetti, president of Washington-based Guizzetti & Associates, the legal adviser of the South American conglomerate told Mint. Guizzetti, however, did not reveal if Synergy Group has partnered with another company to bid for the bankrupt carrier.
Allahabad Bank: Six employee unions will go on a nationwide bank strike on 8 January due to various demands and issues. In a regulatory filing after market hours on Monday, the state-owned lender said the strike, that will take place at an industry level due to the demands made, may affect the operations of some branches of the lender.
Concor: The state-owned company, after market hours on Monday, informed stock exchanges that it has incorporated a wholly-owned subsidiary Concor Last Mile Logistics Ltd with an authorised share capital of ₹100 crores. The subsidiary is in the business of developing goods sheds, operate and manage freight terminals.
Sagar Cements: The company, after market hours on Monday, said its consolidated cement production in December fell 7.5% to 3 lakh tonnes from a month ago. Sales last month also declined, falling 4.3% month-on-month to 3.12 lakh tonnes. Both production and sales of cement were lower in December compared to the same period last year.
PI Industries: The company, post market hours on Monday, said a factory accident occurred in one section of a multi-product plant in Jambusar, Gujarat. The Jambusar facility manufactures fine chemical. The company has already started probe to determine the cause of the fire.
VST Tillers Tractors: The company, after market closing on Monday, said sales of power tillers fell 4.3% from a year ago to 1,410 units, while that of tractors was down 39.2% on year to 366 units in December. Sales of power tillers and tractors also fell during the first three quarters of the current financial year ending March 2020.
IDBI Bank: Nationwide bank strike by six employee associations on 8 January may impact the business of some branches of the state-owned bank, it said in a regulatory filing. Separately, State Bank of India said only a few of its employees are a part of these associations, and thus, its operations may not get affected by the strike.
ITI: The state-owned company, after market hours on Monday, said its board has approved the appointment of Rajeev Srivastava as its chief financial officer. The company manufactures telecommunications equipment, and has six facilities across the country that produce a range of switching, transmission, access and subscriber premises equipment.