Active Stocks
Fri Sep 22 2023 15:58:38
  1. Tata Steel share price
  2. 126.7 -0.86%
  1. HDFC Bank share price
  2. 1,529.2 -1.57%
  1. State Bank Of India share price
  2. 598.1 1.67%
  1. Power Grid Corporation Of India share price
  2. 199.1 -1.34%
  1. Tata Motors share price
  2. 621.1 -0.93%
Business News/ Markets / Stock Markets/  Stocks to Watch: Reliance Industries, HCL Tech, LTI, Mindtree, Tata Power

Stocks to Watch: Reliance Industries, HCL Tech, LTI, Mindtree, Tata Power

UPL, PVR, Godrej Agrovet, Infibeam Avenues, Dalmia Bharat, 3i Infotech, Aarti Drugs, BASF India, Borosil, Central Bank of India, CMS Info Systems, Craftsman Automation, Vedant Fashions, Suven Pharmaceuticals are among the key companies scheduled to release their quarterly earnings today

On Friday, Sensex slumped 866.65 points to 54,835.58 points, while Nifty fell 271.40 points, or 1.63%, to 16,411.25 points. (Photo: Mint)Premium
On Friday, Sensex slumped 866.65 points to 54,835.58 points, while Nifty fell 271.40 points, or 1.63%, to 16,411.25 points. (Photo: Mint)

NEW DELHI: Here is the list of top 10 stocks that could be in focus on Monday:

Reliance Industries: The oil-to-telecom-to-retail major reported 20.2% year-on-year rise in its consolidated profit for the March quarter at 18,021 crore. Revenue during the period surged 35% to 2,32,539 crore, while Ebitda increased 28% to 33,968 crore.

Adani Enterprises: Has taken the lead in the race to buy Switzerland-based Holcim’s India arms—Ambuja Cements Ltd and ACC Ltd—with a war chest of $13.5 billion for the deal. Adani Group had formed a subsidiary under Adani Enterprises Ltd called Adani Cement Industries in June last year.

Larsen and Toubro Infotech & Mindtree: The two publicly traded units of India’s largest engineering company, agreed to merge to form India’s fifth most valuable software company, beating Tech Mahindra Ltd. Shareholders of Mindtree will get 73 shares of LTI for every 100 held. Parent Larsen and Toubro will own 68.73% of LTI Mindtree, as the merged entity will be known.

HCL Technologies: The IT services company's UK-based subsidiary has acquired Swiss digital banking and wealth management specialist Confinale AG, for 53 million CHF (Swiss Francs). The acquisition is likely to be completed by 1 July 2022.

HDFC Ltd: The montage lender has raised its Retail Prime Lending Rate (RPLR) on housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 30 basis points, effective 9 May.

Vedanta: Anil Agarwal-promoted Vedanta has emerged as the highest bidder for bankrupt Athena Chhattisgarh Power Ltd, outbidding Naveen Jindal's Jindal Steel & Power Ltd in an auction that ran for 28 hours,  as per a media report. Vedanta's final offer of 565 crore was much higher than the staggered payment of 400 crore it had offered under the CIRP.

Shipping Corp. of India: The government is likely to invite financial bids for Shipping Corp. by September, after the process of demerger of non-core assets is completed. As part of the strategic-sale process, the government is hiving off Shipping House and the training institute and some other non-core assets of the company.

Jet Airways: Union home ministry has granted security clearance to Jet Airways that plans to relaunch commercial flight operations in the next few months. Last week, the airline conducted its test flight to and from the Hyderabad airport in a step towards obtaining the air operator certificate.

Tata Power: The company reported a 31.4% year-on-year rise in profit to 632.4 crore on strong topline and operating income for the March ended quarter. Revenue from operations increased 15.4% to 11,960 crore during the period.

Shriram City Union Finance: Will focus on personal, gold and small business loans to achieve its 18% growth in its AUM in the current fiscal year amid a slowdown in demand for two-wheelers due to shortage of components and other factors.

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Updated: 09 May 2022, 08:15 AM IST
Next Story
Recommended For You

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App