Here is a list of top 10 stocks that are likely to be in focus on Monday:
HDFC bankCountry’s largest private sector lender HDFC Bank on Saturday reported a 23 per cent jump in single net profit. 10,055.20 crore for the March quarter, retrenchment was due to increase in demand for loans across categories and lower provisioning in the form of bad loans.
InfosysInfosys Ltd delivered a sales forecast that beat analysts’ estimates, indicating slowing demand for software and IT services as companies move out of work-from-home arrangements in a post-pandemic world. Revenue will grow 13% to 15% in constant currency terms this fiscal year ending March 2023, an average of 17% growth analysts had forecast.
ICICI Pru LifeICICI Prudential Life Insurance reported a more than two-fold jump in its net profit on Saturday 185 crore for the January-March quarter on the back of strong growth in new business. The company earned profit after tax 64 crore for January-March FY2021, ICICI Prudential Life Insurance said in a regulatory filing.
Mahindra Holidays And ResortsMahindra Holidays and Resorts India Ltd on Saturday said it will increase its stake in Rocksport Pvt Ltd to 23.42 per cent, with the acquisition of over 4.88 lakh equity shares. 12 crores. The Company has agreed to subscribe to an additional 4,88,321 equity shares of RockSport in three installments for a total cash return. 12 crore, Mahindra Holidays and Resorts India Limited (MHRIL) said in a regulatory filing.
Mahindra & Mahindra: The firm on Saturday said it has agreed to sell over 34.75 lakh shares in Mahindra Sanyo Special Steel Pvt Ltd (MSSSPL) to Japan-based Sanyo Special Steel Co Ltd in Mahindra Sanyo Special Steel Pvt Ltd (MSSSPL). agrees to sell one. 212 crore deal.
IndigoIndiGo, promoted by InterGlobe Aviation Limited, has appointed Vikram Singh Mehta, former chairman of Shell group companies in India, and former Air Chief Marshal BS Dhanoa as independent non-executive directors on the airline’s board.
Tata PowerTata Power on Thursday said a consortium led by US-based BlackRock Real Assets will invest It holds more than 10 per cent stake in its subsidiary Tata Power Renewable Energy Ltd for a stake of over Rs 4,000 crore. Abu-Dhabi-based investment company Mubadala Investment Company (Mubadala) is also part of the consortium Greenforest, Tata Power Company said in a statement.
UltraTech CementCountry’s leading cement maker UltraTech Cement on Friday announced an investment of USD 101.10 million (approximately Rs. 839.52 crore for a 29.39 per cent equity stake in UAE-based RAK Cement Company for white cement and building materials PSC (RAKWCT). This is a “strategic investment” for the company, the Aditya Birla Group firm said in a regulatory update.
oil marketing companies: Crude oil prices are still hovering above $100 per barrel and this is likely to benefit OMCs.
Windlass BiotechWindlass Biotech Ltd on Thursday said it has concluded the EU Good Manufacturing Practices inspection conducted by the National Institute of Pharmacy and Nutrition, Hungary for its Plant-IV in Dehradun with zero critical comments. The firm said that this will help the firm increase its presence in the European market.