Top stocks to watch today include SBI Life, HCL Tech, ICICI Bank, and Yes Bank

Stocks To Watch: Some of the best stocks to keep an eye on right now include SBI Life, ICICI Bank, HCL Tech, and Yes Bank.

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GIFT At 8:35 a.m. on Monday, the Nifty was up 56 points, or 0.25 percent, at 22,646. The indicator suggested that D-Street would start flat. Check the stocks you may monitor and follow throughout the day before the market opens.
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SBI Life Insurance: For the quarter that ended in March 2024, SBI Life recorded a 4.3% YoY growth in earnings, hitting Rs 811 crore as opposed to Rs 777 crore in the same quarter of the previous fiscal year. During the quarter, net premium income increased by 26% YoY to Rs 25,116 crore. Value of new business (VoNB) for the insurer increased by 9% to Rs 55.5 billion in FY24, with a VoNB margin of 28.1%.

ICICI Bank, the second-biggest private lender in India, announced a stand-alone net profit of Rs 10,707.53 crore for the quarter that concluded on March 31, 2024. This is a 17.38% rise from the Rs 9,121.87 crore recorded during the same period the previous year. Additionally, the bank revealed interest income for the quarter, which came to Rs 37,948.36 crore, up 22.33% from Rs 31,021.13 crore recorded during the same period in the previous year. The board of directors of the corporation has also suggested a dividend of Rs 10 per share for FY2024.

HCL Technologies
HCL Technologies released its fiscal 2023–24 quarter results for the months of January–March (Q4FY24), showing a 0.1% increase in its consolidated net profit to Rs 3,986 crore from Rs 3,983 crore in the same period the year before. The third-largest software and IT services firm in India saw a 7.1% increase in operating revenue in the fourth quarter of FY24, reaching Rs 28,499 crore, from Rs 26,606 crore during the same time the previous year.

Indeed Bank
For the quarter that ended on March 31, 2024, Yes Bank recorded a standalone net profit of Rs 452 crore, a notable rise of 123% over the Rs 202.43 crore reported during the same time the previous year. In addition, the lender reported interest income of Rs 7,447.17 crore, a significant year-over-year increase of 20% over the Rs 6,216.24 crore reported in the same quarter of the previous fiscal year.