HDFC Bank, Bandhan Bank, Hero MotoCorp, Bandhan Bank, Nestle: Stocks to watch on Friday
Stocks to watch on Friday, April 5: Bandhan Bank said in its Q4 business update that its total deposits grew 25.1 per cent year-on-year (YoY).
Stocks to watch on Friday, April 5: At 8:10 am, Gift Nifty futures traded with a cut of 78.25 points, or 0.35 per cent, at 22,534, indicating a weak opening for the markets today.
On Thursday, the 30-share BSE Sensex surged 350.81 points, or 0.47 per cent, to settle at its lifetime high of 74,227.63. The NSE Nifty also hit its fresh peak of 22,514.65, gaining 80 points, or 0.36 per cent.
Here are some stocks that will be in focus on Friday, April 5.
Bandhan Bank: The company said in its Q4 business update that its total deposits grew 25.1 per cent year-on-year (YoY).
HDFC Bank: After the bank's Q4 business update yesterday and stake sale in Indraprastha Medical Corporation, the private lender's shares will see traction. The bank's ADR, or American Depository Receipt, ended higher by 5.1 per cent.
Bajaj Finance: The company posted a decent Q4 business update for the FY ending 2024, with deposits and AUM logging a growth of 35 per cent and 34 per cent, respectively.
IndusInd Bank: The company posted good growth in the last quarter of FY24; nevertheless, CASA trended lower during the review period. Advances at the private lender also logged an 18 per cent increase, while deposits grew by 14 per cent during the same period.
Aavas Financiers: The housing finance company posted a good Q4 business update, with disbursement logging a healthy 20 per cent growth. However, Smallcap World Fund sold 10.06 lakh (1.27 per cent) shares at an average price of Rs 1,420.19 per share.
Nestle India: The National Consumer Dispute Redressal Commission (NCDRC) dismissed a complaint filed in the year 2015 in favour of the company. The complaint was filed by the Union of India, Department of Consumer Affairs, on the allegations that by selling Maggi noodles in the past, the company had indulged in unfair trade practices.
UltraTech Cement: The company commissioned a 100 MW AC solar energy project in Rajasthan.
Hero MotoCorp: The company received a tax demand notice amounting to Rs 308.65 crore and interest thereon of Rs 296.22 crore.
LTIMindtree: The company partnered with Aforza to support the front-office operations of consumer product manufacturers and distributors.
Sobha: In its Q4 business update, the realty company said that its total sales grew by 3 per cent. During the period, the company launched four new residential projects with a total saleable area of 31.79 lakh sq ft. Furthermore, sales during the quarter declined from 1.48 million square feet to 1.34 million square feet.
Kalyan Jewellers: In its Q4 business update, the company said that its consolidated income grew by 34 per cent. The company's India business posted 38 per cent growth in income. Further, the company, during the quarter, opened 10 new showrooms.
Cipla: The US FDA inspected the company's manufacturing facility in Patalganga, Maharashtra, between March 28 and April 4. After inspection, the US FDA has issued six observations to the company in Form 483.
Tata Motors / Tata Motors DVR: As per SIAM data, the company's total production in Q4 increased from 2.51 lakh to 2.54 lakh units, up 1 per cent on year.
(With inputs from agencies.)
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