HDFC Bank, BPCL, Vedanta: Stocks to track on Monday
Stocks to watch on Monday, July 22: At around 8:18 am, GIFT Nifty futures traded lower by 0.5 per cent or 121.6 points at 24,407.5, indicating a negative opening on the D-Street. Equity benchmark indices Sensex and Nifty tumbled on Friday as investors preferred to book profits after four days of record-breaking rallies and weak trends from global markets. The 30-share BSE Sensex hit its new all-time high of 81,587.76 in the initial trade but failed to carry forward the winning momentum and tanked 738.81 points or 0.91 per cent to settle below the 81,000 mark at 80,604.65. The NSE Nifty tumbled 269.95 points or 1.09 per cent and ended at 24,530.90 after hitting its fresh record peak of 24,854.80 during the opening bell. Here are some stocks that will be in focus on Monday, July 22.
(With inputs from agencies.)
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Results on July 22
Results on July 22:
Coforge, Cyient DLM, Jana Small Finance Bank, Zensar Technologies, Mahindra Logistics, IDBI Bank, Indian Overseas Bank, Suzlon Energy, UCO Bank, and others will declare their Q1FY25 results on Monday.
HDFC Bank
HDFC Bank:
The country's largest private sector lender - on Saturday reported a standalone net profit of Rs 16,174.8 crore for the April-June period, marking a growth of 35.3 per cent compared with the corresponding period a year ago.
Its net interest income (NII) - or the difference between the interest earned and the interest paid - grew 26.4 per cent on a year-on-year basis, to Rs 29,837.1 crore, according to a regulatory filing. The bank's board also gave a nod to initiate the process of listing HDBFS through a potential IPO.
JK Cement
JK Cement:
JK Cement Ltd on Saturday reported a 67 per cent increase in its consolidated net profit to Rs 184.82 crore for the first quarter ended June 2024.
Vedanta
Vedanta:
The company has been declared as the 'preferred bidder' for the Gollarahatti-Mallenahalli Nickel Chromium and PGE Block and Genjana Nickel, Chromium and PGE Block.
BPCL
BPCL:
The company fixed August 9 as the record date for dividend of Rs 10.5/- per equity share for the financial year 2023-24.