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Top stocks to watch out for on April 22: HDFC Bank, Jet Airways, RIL

Updated : April 22, 2019 07:42 AM IST

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are likely to open flat on Monday, tracking muted sentiment in global markets amid rising crude oil prices. Indian stock and forex markets were closed on Friday on account of Good Friday. Stock market sentiment this week would be largely guided by the ongoing fourth quarter results season, with a host of front-line companies slated to come out with their financial report cards, analysts said.

Oil prices spiked on a report the US is likely to ask all importers of Iranian oil to end their purchases or face sanctions. India is one of the major oil importers from Iran. Here are the top stocks to watch out for in today’s trading:

1. HDFC Bank: Private sector lender HDFC Bank on Saturday reported a 22.62 percent year-on-year (YoY) jump in net profit at Rs 5,885.12 crore for the fourth quarter ended March 2019, driven by growth in net interest income as well as operating income. On asset front, bank's gross non-performing assets (NPA s) were at 1.36 percent of gross advances as on March 31, 2019, as against 1.30 percent as on March 31, 2018. (Image: Stock Image)
1. HDFC Bank: Private sector lender HDFC Bank on Saturday reported a 22.62 percent year-on-year (YoY) jump in net profit at Rs 5,885.12 crore for the fourth quarter ended March 2019, driven by growth in net interest income as well as operating income. On asset front, bank's gross non-performing assets (NPA s) were at 1.36 percent of gross advances as on March 31, 2019, as against 1.30 percent as on March 31, 2018. (Image: Stock Image)
2. Reliance Industries Ltd: Q4: Profit grows 1.1 percent to Rs 10,362 crore versus Rs 10,251 crore; revenue declines 11.3 percent to Rs 1.38 lakh crore versus Rs 1.56 lakh crore QoQ. Reliance Jio Q4: Profit rises 1.1 percent to Rs 840 crore versus Rs 831 crore; revenue increases 7 percent to Rs 11,106 crore versus Rs 10,383 crore QoQ. (Image: Reuters)
2. Reliance Industries Ltd: Q4: Profit grows 1.1 percent to Rs 10,362 crore versus Rs 10,251 crore; revenue declines 11.3 percent to Rs 1.38 lakh crore versus Rs 1.56 lakh crore QoQ. Reliance Jio Q4: Profit rises 1.1 percent to Rs 840 crore versus Rs 831 crore; revenue increases 7 percent to Rs 11,106 crore versus Rs 10,383 crore QoQ. (Image: Reuters)
3. Jet Airways: As they explore ways to recover debt, lenders of Jet Airways are in favour of a resolution outside the insolvency law framework in case the ongoing bidding process fails to take off, sources said. If the bidding process fails, lenders would favour a resolution for the debt-ridden Jet Airways outside the Insolvency and Bankruptcy Code (IBC) framework, sources said. Recovery on the basis of existing security and tangible assets would be a preferred option, they added. (Image: Reuters)
3. Jet Airways: As they explore ways to recover debt, lenders of Jet Airways are in favour of a resolution outside the insolvency law framework in case the ongoing bidding process fails to take off, sources said. If the bidding process fails, lenders would favour a resolution for the debt-ridden Jet Airways outside the Insolvency and Bankruptcy Code (IBC) framework, sources said. Recovery on the basis of existing security and tangible assets would be a preferred option, they added. (Image: Reuters)
4. Reliance Capital:  Brickwork Ratings revised rating to A+ (credit watch with negative implications) for long-term debt program, market-linked debentures and subordinated debt of the company, due to extension of timeline for progress of planned disinvestments in various companies. CARE Ratings revised its rating to A (credit watch with developing implications) for long-term debt programme, market-linked debentures and subordinated debt of the company, due to extension of timeline for progress of planned divestments in various companies. (Image: Twitter/@RelianceCapital)
4. Reliance Capital:  Brickwork Ratings revised rating to A+ (credit watch with negative implications) for long-term debt program, market-linked debentures and subordinated debt of the company, due to extension of timeline for progress of planned disinvestments in various companies. CARE Ratings revised its rating to A (credit watch with developing implications) for long-term debt programme, market-linked debentures and subordinated debt of the company, due to extension of timeline for progress of planned divestments in various companies. (Image: Twitter/@RelianceCapital)
5. L&T: CCI approves the acquisition of electrical & automation business of L&T by Schneider & Macritchie.  (stock image)
5. L&T: CCI approves the acquisition of electrical & automation business of L&T by Schneider & Macritchie.  (stock image)
6. GVK: The company has signed a term sheet with Abu Dhabi investment and NIIF for 49 percent stake in GVKAHL.  GVK had initiated a process to identify and select preferred investors to raise capital to reduce or refinance debt obligations of up to Rs 5,750 crore.  (Image: Getty Images)
6. GVK: The company has signed a term sheet with Abu Dhabi investment and NIIF for 49 percent stake in GVKAHL.  GVK had initiated a process to identify and select preferred investors to raise capital to reduce or refinance debt obligations of up to Rs 5,750 crore.  (Image: Getty Images)
7. Adani Enterprises: Adani Enterprises on Saturday said its subsidiary Adani Defence Systems and Technologies has acquired Alpha Design Technologies Pvt Ltd. Alpha Design Technologies Pvt Ltd provides Adani Defence and Aerospace a strong tier-1 capability for building a base for graduating to platform capabilities, the BSE filing said. . (Image: Reuters)
7. Adani Enterprises: Adani Enterprises on Saturday said its subsidiary Adani Defence Systems and Technologies has acquired Alpha Design Technologies Pvt Ltd. Alpha Design Technologies Pvt Ltd provides Adani Defence and Aerospace a strong tier-1 capability for building a base for graduating to platform capabilities, the BSE filing said. . (Image: Reuters)
8. DHFL: Crisil downgrades the company's commercial paper worth Rs 850 crore to A3+ from A2+. (Image: Reuters)
8. DHFL: Crisil downgrades the company's commercial paper worth Rs 850 crore to A3+ from A2+. (Image: Reuters)
9. Dr Reddy's Labs: USFDA classified the company's Srikakulam unit as 'Voluntary Action Indicated' (VAI). (Image: Reuters)
9. Dr Reddy's Labs: USFDA classified the company's Srikakulam unit as 'Voluntary Action Indicated' (VAI). (Image: Reuters)
10. Results on April 22: AU Small Finance Bank, Goa Carbon, Mahindra Lifespace Developers, Abirami Financial Services, Ashika Credit Capital, Jumbo Bag, Lux Industries, QGO Finance, Sacheta Metals, Sadhana Nitrochem, Shiva Cement, Swaraj Engines, Systematix Securities, Tejas Networks, VTM (Image: Stock Image)
10. Results on April 22: AU Small Finance Bank, Goa Carbon, Mahindra Lifespace Developers, Abirami Financial Services, Ashika Credit Capital, Jumbo Bag, Lux Industries, QGO Finance, Sacheta Metals, Sadhana Nitrochem, Shiva Cement, Swaraj Engines, Systematix Securities, Tejas Networks, VTM (Image: Stock Image)
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