ICICI Bank, Maruti Suzuki, Yes Bank, UltraTech Cement, Vodafone Idea, and Adani Enterprises are stocks to keep an eye on

The Indian market indexes BSE Sensex and NSE Nifty 50 might open higher on Monday, according to GIFT Nifty. Here are some important stocks to keep an eye on while trading:.

 

Focused stocks: GIFT Nifty opened higher on Monday, up 48 points, or 0.21%, at 22,638, signaling a better start for the BSE Sensex and NSE Nifty 50 domestic indexes. Earlier on Friday, the BSE down 609.28 points, or 0.82%, to 73,730.16, while the NSE Nifty 50 finished down 150.40 points, or 0.67%, at 22,419.35.

“Tracing weak global signals, markets saw profit-taking on Friday and lost more than half a percent. Following a flat opening, the Nifty progressively dropped throughout the day until leveling out at 22,419.95 (-0.7%), the day’s low. On the sectoral front, however, a mixed picture was evident; although financials and banks closed the year in the red, pharmaceuticals, real estate, and IT all had respectable increases. The benchmark was surpassed by the wider indexes, which saw gains of 0.6% to 0.8%, according to Religare Broking SVP of Research Ajit Mishra.

Mishra went on to say that varied global signals are contributing to the choppiness and that intermediate volatility is typical during the results season. We advise sticking with your stock-specific trading strategy and adding excellent names during drops.

 

With net interest income of Rs 19,092.8 crore, the bank reported a net profit of Rs 10,757.5 crore. While net non-performing assets (NPA) dropped to 0.42% from 0.44% in December, gross non-performing assets (NPA) dipped to 2.16% from 2.3%. The management said that regular feedback and continuous conversations about IT infrastructure are being held with the RBI. Until there is a change in repo rates, they expect Net Interest Margins (NIMs) to remain within a certain range.

Suzuki Maruti
The net profit was Rs 3,877.8 crore, which was less than the Rs 4,104 crore that was projected. The margin, which was 12.2%, was 120 basis points below the projected amount. Nonetheless, the margin improved by 170 basis points over the previous year. The business declared a dividend of 125 rupees per share. Profit growth was limited by higher tax expenditures, although it nevertheless reached 47.8% over the prior year.

Indeed Bank
In Q4FY24, Indian private lender YES Bank reported a 123% year-over-year increase in net profit, shooting up to Rs 452 crore from Rs 202.4 crore in the same period previous year, far beyond expert expectations. As in the previous quarter, Net Interest Margins (NIM) for Q4FY24 was constant at 2.4%. With the Gross Non-Performing Asset (GNPA) ratio falling to 1.7% and the Net Non-Performing Asset (NNPA) ratio lowering to 0.6%, the bank saw a significant improvement in asset quality.

HCL Software
The revenue growth prediction for FY25 is expected to be between 3% and 5% annually, which is less than the 5% to 7% increase that CNBC-TV18 had forecasted. In constant currency terms, sales growth was 0.3% as opposed to December’s 6% and below the forecast 0.4%. The projected 18.3% EBIT margin was surpassed by the 17.6% EBIT margin. The growth projection is oriented more toward the second half of the year, as the company management made clear.

Bank RBL
Along with the lowest Gross NPA and Net NPA in 13 quarters, RBL Bank posted its strongest operational profit increase in 21 quarters. While RoA and RoE are at their best points in 19 quarters, the credit-deposit ratio is at its lowest point in six quarters. Net profit somewhat above projections, although net interest income was as expected. Write-offs were Rs 721 crore, up from Rs 356 crore, while slippages increased to Rs 680 crore from Rs 666 crore.

Lending & Trust
L&T Finance’s net profit of Rs 554 crore and net interest income of Rs 1,909 crore respectively failed to meet Equirus’s projected amounts of Rs 1,955.2 crore and Rs 661.6 crore. Asset Under Management (AUM) grew by 5.7% year over year to Rs 85,564 crore, while disbursements climbed by 24.8% year over year and 3.4% sequentially. Net NPA dropped to 0.62% from 0.64%, while gross NPA dropped to 2.84% from 2.95%.

Banks with Small Finances
Applications from Small Finance Banks (SFBs) that satisfy certain requirements, such as having a minimum net worth of Rs 1,000 crore, are being accepted by the Reserve Bank of India (RBI) in order to become regular or universal banks. This covers over a dozen SFBs, including Ujjivan Small Finance Bank, Equitas Small Finance Bank, and AU Small Finance Bank, among others.

Developers of Macrotech
The National Company Law Tribunal (NCLT) has approved Macrotech Developers’ resolution plan for V Hotels. The proposal calls for the corporation to pay 900 crore rupees spread over 270 days. The first payment of 90 crore rupees has already been sent.

Adani Enterprises Adani Enterprises’ Mauritius-based division has successfully paid $24,500 to acquire a 49% share in Adani Esyasoft Smart Solutions, located in Abu Dhabi.

Vodafone
Vodafone Idea shares valued at Rs 12.78 each were sold by ATC Telecom Infrastructure for Rs 2.95 crore, while 49.12 crore (0.98%) were purchased by Citigroup Global Markets Mauritius for Rs 12.7 apiece.

Key Earnings Today: Vesuvius India, Spandana Sphoorty Financial, Gillette India, Shoppers Stop, Trent, KPIT Technologies, Poonawala Fincorp, Tata Chemicals, Birlasoft, PNB Housing Finance, KFIN Technologies, UltraTech Cement, Rossari Biotech, and UCO Bank.