Stocks to watch: SBI, Coal India, Future Retail, Eicher Motors, Telecom

State Bank of IndiaCountry’s largest lender expected to recover 8,000 crore from written off accounts, including cases resolved from NCLT, in the current financial year ended March 31. SBI’s recovery during the December quarter 1,500 crore from the written-off accounts and for nine months during April-December of FY 22, the recovery amount was 5,600 crores.

Future Retail: Lenders to Future Group have agreed to block the sale of Future Retail Limited (FRL) small-format stores until the Supreme Court on the asset sale case between the founders of Amazon.com Inc. and Future Group. I do not give my decision. to Reliance Industries Limited

Coal India: The total dividend payout by Coal India during the current financial year is likely to be higher than the one paid in 2020-21 as the miners expect healthy revenue and profit growth. The miner had previously declared an interim dividend 9 per share in December.

telecom stockThe long-awaited 5G spectrum auction is expected to take place in May this year if the Telecom Regulatory Authority of India (TRAI) submits its recommendations on rules regarding the sale process by March.

Godrej Properties: The company plans to invest around 7,500 crore over the next 12-18 months on acquisition and development of new real estate projects, given that it is sitting on a huge cash pile.

IDBI BankAccording to the Reserve Bank of India (RBI), with Life Insurance Corporation (LIC) becoming the parent of both IDBI Bank and LIC Housing Finance, any subsidiary will have to wind up its home loan business in the next 20 months. The condition while approving the insurance giant’s takeover of the erstwhile public sector lender. In its approval letter dated 2 November 2018 for acquisition of additional shares by LIC in IDBI Bank, the banking regulator had said that any associate of LIC would have to wind up its housing finance business.

Eicher Motors: The automobile company will announce its December quarter results on Monday. Analysts expect the company to report a year-on-year decline in its net profit due to lower volumes and inflation in raw materials. However, revenue is expected to increase on the back of higher realizations on account of price hike and better product mix. It had reported a consolidated net profit of 532.6 crore in the year-ago quarter, with revenue 2,828 crores.

IL&FS Group Shares: IL&FS group will resolve 55,000 crore in debt as of March 2022, the board of the beleaguered company has said in an affidavit filed before the National Company Law Appellate Tribunal (NCLAT). IL&FS board led by Uday Kotak said: 55,000 crore debt to be resolved through asset monetization, restructuring and insolvency proceedings initiatives.

ONGC: Its December quarter revenue posted 45% year-on-year growth 1,45,685 crore, led by higher realizations in its core oil and gas business. Net profit up 220% 11,637 crore..

TVS MotorPromoter Sundaram Clayton on Friday sold around 95 lakh shares or 2% stake in the company at an average price of Rs. 635.97 through open market transaction on BSE. With this the stake of Sundaram Clayton will fall to 50.26% from the earlier 52.26%.