Stocks to Watch on Monday.
Stocks to Watch on Monday.

Stocks to Watch: Tata Steel, Yes Bank, Britannia, NTPC, Indiabulls Housing

  • Grasim Industries, Motherson Sumi to announce Q3 earnings
  • SAIL has sought approval to auction 70 million tonnes low-grade iron ore lying at its mines in Odisha, Jharkhand

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

Tata Steel: India’s largest private steel maker reported a consolidated net loss of 1,228.53 crore for the December quarter. The loss was attributed to soft global steel prices during the quarter. The steel major had posted a net profit of 1,653 crore in the corresponding quarter last fiscal. A Bloomberg poll of nine analysts had estimated a net profit of 75.41 crore.

Britannia: The biscuit maker on Friday reported a 23.3% year-on-year rise in its consolidated net profit to 369.88 crore for the quarter ended December, beating the Street’s estimates. The maker of Good Day and Tiger biscuits said its tax expenses fell 24% from a year ago to 127.3 crore. The Wadia Group company’s revenue from operations rose 5% to 2,982.7 crore.

Yes Bank: The private lender on Friday received shareholders’ approval to increase authorised share capital to 1,100 crore from 800 crore. Shareholders also approved raising up to 10,000 crore via issuance of equity shares or other convertible securities. Last week, the bank had appointed global investment bank Cantor Fitzgerald and two domestic entities to execute its fundraising plans of $2 billion.

HDFC Bank: The largest private sector lender on Sunday announced the appointment of Anjani Rathor as its chief digital officer (CDO). Rathor joins from telco Bharti Airtel Ltd, where he used to serve as the chief infiltration officer of the consumer sector. The role of CDO has been vacant since incumbent Nitin Chugh had left the job, according to a PTI report.

Cipla: The pharmaceutical company announced the acquisition of nutrition products’ portfolio from Wanbury Ltd, including CPink, CDense, Productiv and Folinine, to strengthen its women health’s business. The nutraceutical products will address various health needs for conditions arising due to nutritional deficiencies, according to a regulatory filing.

NTPC: The state-owned company announced its December quarter earnings on Friday. Its net profit was up 25.6% year-on-year at 2995.1 crore. The thermal energy company’s revenue from operations, however, fell 2.6% to 23,496 crore in the third quarter from 24,120.4 crore reported a year ago.

Grasim Industries: The index heavyweight will announce its earnings for the third quarter ended December later today. Separately, auto firm Motherson Sumi Systems Ltd will also report its financial results for the quarter.

Indiabulls Housing: The company on Friday said ratings agency Crisil has revised the long-term rating to CRISIL AA with a stable outlook. The short-term rating has been reaffirmed at CRISIL A1+. The ratings come at a time when shares of the company had gained sharply, after the Reserve Bank of India on Thursday extended the timeline to commence commercial operations of real estate project loans by another year.

Godfrey Phillips: The cigarette maker’s net profit increased to 114 crore during the three months ended December from 81.9 crore in the same period last fiscal. Revenue from operations of the KK Modi group company also rose 14.3% to 761.3 crore. The company’s revenue was at 666.8 core in the year-ago period.

SAIL: The state-owned firm has sought permission from Odisha and Jharkhand to auction about 70 million tonnes of fines or low-grade iron ore lying at its mines in the two states. According to a PTI report, about 70 MT of fines are lying unused at the Odisha and Jharkhand mines. Depending upon the iron content, the unused iron ore can fetch a price of $40-$62 a tonne.

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