LTIMindtree, HDFC Bank, Bandhan Bank, Tata Elxsi, Avenue Supermarts among top stocks to watch today

Stocks to watch today: At 8:32 am, the GIFT Nifty was trading 17.5 points, or 0.09 per cent higher at 19636.5 levels, indicating a flat start to trading on Dalal Street on Monday.

Here's a list of stocks that may remain in focus today. 

HDFC Bank: Post-merger of HDFC and HDFC Bank, the company will release its June FY24 quarter earnings numbers today, July 17. According to Zee Business Research, HDFC Bank is estimated to report a standalone net profit of Rs 11,580 crore for the April-June period, which translates to a jump of 25.9 per cent compared with the corresponding period a year ago. READ MORE

LTI Mindtree Ltd: The Indian multinational information technology services company, is all set to release its June FY24 quarter earnings numbers today, July 1.  

Avenue Supermarts: Retail chain D-Mart operator Avenue Supermarts Ltd. reported a 2.46 per cent rise in its consolidated net profit at Rs 658.71 crore in the April-June 2023 quarter, as lower sales of apparel and general merchandise impacted margins. The company had posted a net profit of Rs 642.89 crore in the corresponding quarter a year ago, said Avenue Supermarts in a BSE filing. Its revenue from operations was up 18.20 per cent to Rs 11,865.44 crore during the quarter under review, as against Rs 10,038.07 crore in the same quarter last fiscal.

Bandhan Bank: The lender reported its June FY24 quarter results in which it posted a profit of Rs 721 crore, which was a fall of 18.7 per cent year on year (YoY) due to reduced net interest income and pre-provision operating profit, whereas provisions and contingencies were down 6.3 per cent YoY. Global brokerages have downgraded Bandhan Bank, here's a look at the ratings and target price:

Tata Elxsi: The Tata Group company will announce its numbers today - July 17.

Oil and Gas stocks: The windfall tax, levied on a specific commodity, such as crude oil, has been increased for two months. Tax on crude petroleum, which was zero, is Rs 1600/tonne. 

Angel One: The NSE has imposed a monetary penalty of Rs 1.67 crore on Angel One for failure to monitor the working of Authorised Persons (APs) in the F&O segment. Some guidelines have also been issued to the company.

Aarti Drugs: The company will conduct its board meeting on July 21 to consider share buyback and will declare results.

Metropolis Healthcare Ltd: The company has released its business update in which it expects the core business revenue to grow 12 per cent YoY and volume to grow 13 per cent YoY. The Net income from operations could be marginally negative' in Q1 compared to quarter-on-quarter (QoQ).

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