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Top stocks to watch out for on May 7: ICICI Bank, Bharti Airtel, HDFC Bank

Updated : May 07, 2019 08:13 AM IST

Indian markets are likely to stay volatile on Tuesday amid selloff in global markets after trade tensions between US and China escalated. Moreover, March-quarter earnings and the outcome of Lok Sabha elections also add uncertainty in the markets. Asian shares traded near five-week lows after US President Donald Trump's threat to raise tariffs re-ignited worries about US-China trade tensions. In the previous session, benchmark indices BSE Sensex and NSE’s Nifty 50 plunged nearly 1 percent, eroding Rs 1.24 lakh crore in market capitalisation. At 7.35 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was trading 35 points up at 11,692.

Bharti Airtel: The telecom major's March-quarter net profit rises 29 percent as exceptional income gains and Africa business helped offset losses in India mobile services operations. Airtel reported a net profit of Rs 107.2 crore in Q4FY19 against Rs 82.9 crore a year ago. (Image:  Reuters)
Bharti Airtel: The telecom major's March-quarter net profit rises 29 percent as exceptional income gains and Africa business helped offset losses in India mobile services operations. Airtel reported a net profit of Rs 107.2 crore in Q4FY19 against Rs 82.9 crore a year ago. (Image:  Reuters)
ICICI Bank: Net profit for March 2019 quarter stood at Rs 969.06 crore as against Rs 1,020 crore in the corresponding quarter of last year. Total income for the quarter rose to Rs 20,913.82 crore from Rs 19,942.97 crore in the same quarter of last year. (Image: Reuters)
ICICI Bank: Net profit for March 2019 quarter stood at Rs 969.06 crore as against Rs 1,020 crore in the corresponding quarter of last year. Total income for the quarter rose to Rs 20,913.82 crore from Rs 19,942.97 crore in the same quarter of last year. (Image: Reuters)
HDFC Bank: The bank will consider a proposal for sub-division of bank's equity shares from one equity share with a face value of Rs 2 each to two shares with a face value of Re 1 each. The stock split proposal will be taken up at the bank's board meeting scheduled on May 22. (Image: Reuters)
HDFC Bank: The bank will consider a proposal for sub-division of bank's equity shares from one equity share with a face value of Rs 2 each to two shares with a face value of Re 1 each. The stock split proposal will be taken up at the bank's board meeting scheduled on May 22. (Image: Reuters)
Godrej Agrovet: Q4 consolidated net profit rose 8 percent to Rs 34.7 crore. Total income came in at Rs 1,356.9 crore during the March quarter of 2018-19, compared to Rs 1,205.5 crore a year ago. (Image: Company website)
Godrej Agrovet: Q4 consolidated net profit rose 8 percent to Rs 34.7 crore. Total income came in at Rs 1,356.9 crore during the March quarter of 2018-19, compared to Rs 1,205.5 crore a year ago. (Image: Company website)
IOBIndia)" data-original="https://images.cnbctv18.com/wp-content/uploads/2019/05/Indian-Overseas-Bank1.jpg" > Indian Overseas Bank: The bank plans to raise about Rs 850 crore during the current financial year through a sale of non-core assets, to augment capital. IOBIndia)" title="Indian Overseas Bank: The bank plans to raise about Rs 850 crore during the current financial year through a sale of non-core assets, to augment capital. "The bank is currently exploring its options for stake sale in joint ventures to augment resources which could help raise over Rs 445 crore," IOB said. As part of the strategy to unlock assets to raise capital, the bank has identified 32 properties for sale including prime properties in Singapore and Hongkong aggregating to Rs 900 crore. (Image: Twitter/IOBIndia)">
Indian Overseas Bank: The bank plans to raise about Rs 850 crore during the current financial year through a sale of non-core assets, to augment capital. "The bank is currently exploring its options for stake sale in joint ventures to augment resources which could help raise over Rs 445 crore," IOB said. As part of the strategy to unlock assets to raise capital, the bank has identified 32 properties for sale including prime properties in Singapore and Hongkong aggregating to Rs 900 crore. (Image: Twitter/IOBIndia)
McLeod Russel India: Icra has downgraded the rating of tea company from ‘A’ to ‘BBB-‘.  (Image: Reuters)
McLeod Russel India: Icra has downgraded the rating of tea company from ‘A’ to ‘BBB-‘.  (Image: Reuters)
CG Power: Agreement terminated with Ganz Villamossagi Zrt and Alester Holdings Limited with respect to the sale of assets and shares of the company's businesses in Hungary.
CG Power: Agreement terminated with Ganz Villamossagi Zrt and Alester Holdings Limited with respect to the sale of assets and shares of the company's businesses in Hungary.
Marico: The FMCG major posted over two-fold increase in consolidated net profit at Rs 405 crore for the fourth quarter, aided by one-time write-back of tax provisions amounting to Rs 188 crore. Revenue from operations rose to Rs 1,609 crore for the March quarter, as compared with Rs 1,503 crore last year.
Marico: The FMCG major posted over two-fold increase in consolidated net profit at Rs 405 crore for the fourth quarter, aided by one-time write-back of tax provisions amounting to Rs 188 crore. Revenue from operations rose to Rs 1,609 crore for the March quarter, as compared with Rs 1,503 crore last year.
Astec Life Sciences: The company's board has reviewed the proposal and decided not to pursue the Amalgamation Scheme further at this time, on the basis of its interaction with multiple stakeholders across the company and Godrej Agrovet. (Image: Astec website)
Astec Life Sciences: The company's board has reviewed the proposal and decided not to pursue the Amalgamation Scheme further at this time, on the basis of its interaction with multiple stakeholders across the company and Godrej Agrovet. (Image: Astec website)
Infibeam: The Securities and Exchange Board of India (Sebi) has started a probe against auditor S.R.B.C based on a complaint by Infibeam, reported Mint, citing a person familiar with the matter.
Infibeam: The Securities and Exchange Board of India (Sebi) has started a probe against auditor S.R.B.C based on a complaint by Infibeam, reported Mint, citing a person familiar with the matter.
Q4 Results today: Vedanta Ltd ABB India, Supreme Industries, Sanofi India, Escorts, Jyothy Lab, VIP industries, Star cement, SUN Pharma ARC, CEAT, Essel Propack, Mahindra Logistics, RCF, Brigade Enter, Hester Bio, BSE Kaya, Gujarat Borosil, 3Iinfotech, Elecon Engineering, Aventel, Globus Spirits. (stock image)
Q4 Results today: Vedanta Ltd ABB India, Supreme Industries, Sanofi India, Escorts, Jyothy Lab, VIP industries, Star cement, SUN Pharma ARC, CEAT, Essel Propack, Mahindra Logistics, RCF, Brigade Enter, Hester Bio, BSE Kaya, Gujarat Borosil, 3Iinfotech, Elecon Engineering, Aventel, Globus Spirits. (stock image)
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