Top stocks to watch out for on October 19

Top stocks to watch out for on October 19

The Indian market is likely to open higher tracking Asian peers. The SGX Nifty was trading 50.30 points or 0.43 percent higher at 11,848.80, at 7:11 am, indicating a strong start for the Sensex and the Nifty50. Here are the top stocks to watch out for:

  • HDFC Bank: The country’s largest private sector bank’s profit rose 18.4 percent year-on-year (y-o-y) to Rs 7,513.11 crore during the September quarter as NII jumped 16.7 percent. The profit in the year-ago period was at Rs 6,345 crore.

  • Jet Airways: The Committee of Creditors for Jet Airways has approved the resolution plan submitted by the consortium led by London-based financial advisory firm Kalrock Capital to acquire the grounded airline under the Insolvency & Bankruptcy Code (IBC). (Image: REUTERS)

  • RIL and telecom stocks: Reliance Jio gained 2.5 million active subscribers in July, reversing the decline seen in the previous month, while rivals Airtel and Vodafone Idea lost 0.4 million and 3.8 million active users respectively, latest reports based on TRAI data said.

  • Tata Motors: Tata Motors on Saturday said it has collaborated with HDFC Bank for financing of its passenger vehicles. Through the partnership, the company said it has introduced two new schemes — ’Gradual Step Up Scheme’ and ’TML Flexi Drive Scheme’ with an eye on making its products more accessible and driving up sales in the festive season.

  • Sadbhav Infrastructure: Varun Mehta has quit as the CFO of the company. The firm has received Provisional Completion Certificate for its subsidiary Sadbhav Udaipur Highway Private Limited.

  • IIFL Securities: The company’s profit rose to Rs 50.92 crore in Q2FY21 from Rs 24.85 crore, revenue rose to Rs 201.9 crore from Rs 173.7 crore YoY.

  • Tinplate Company: Profit rose to Rs 16.07 crore in Q2FY21 from Rs 12.67 crore YoY, revenue fell to Rs 531.5 crore from Rs 538.4 crore YoY.

  • CARE Ratings: L&T Investment Management has cut its stake to 3.18 percent from 5.18 percent.

  • Acrysil: Abbakus Growth Fund has acquired a 6.45 percent stake in the company.

  • Earnings: Britannia Industries, HDFC Life Insurance Company, L&T Technology Services, ACC, Century Textiles, CSB Bank, Borosil Renewables, Hatsun Agro Product, Bank of Maharashtra, Rallis India, Sagarsoft (India), Shish Industries, Skipper, Smruthi Organics, Sumeru Industries, Tata Metaliks, Texmaco Infrastructure, Texmaco Rail, Titan Biotech, Titan Securities and Chemo Pharma Laboratories.