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market | IST

Top stocks to watch out for on October 26: ICICI Bank, Bharti Airtel, Yes Bank, ITC

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Indian shares looked set for a tepid start on Friday as Asian peers struggled to recover from previous sessions' global market rout amid disappointing US earnings. Stocks such as ICICI Bank, Bharti Airtel, Yes Bank, ITC are likely to move in trade today.

Indian shares looked set for a tepid start on Friday as Asian peers struggled to recover from previous sessions' global market rout amid disappointing US earnings.
At 07.16 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 0.15 percent to 10,168, indicating a tepid start for the Indian market today.
These are the stocks making the biggest moves premarket today:
  • Yes Bank: The lender missed second-quarter profit estimates by a wide berth on Thursday as provisions for bad loans and mark-to-market losses were more than doubled, exacerbating woes at the bank in search of a new CEO.
  • JSW Steel:  The company said on Thursday net profit more than doubled in the second quarter, handily beating market estimates on the back of higher steel prices and strong production growth.
  • Bharti Airtel: The telco posted a 65.4 percent fall in quarterly profit on Thursday, as it faces pricing pressure amid aggressive competition in the country's telecom sector.
  • Vijaya Bank, Dena Bank and Bank of Baroda: The three public sector banks have asked for a request for proposal (RFP) to appoint valuers for an independent valuation of their banks for the merger, Moneycontrol reported.
  • Tata Steel: The company on Thursday indicated that it was unlikely to raise its Rs 17,000-crore bid for debt-ridden Bhushan Power and Steel. Around 90 percent of lenders of Bhushan Power and Steel Ltd (BPSL) has voted in favour of JSW Steel's bid of more than Rs 19,000 crore, sources told PTI last week.
  • IL&FS Transportation Networks Ltd: The group company of crisis-hit IL&FS on Thursday said it proposes to divest its stake in certain road projects to ease liquidity concerns. Besides, the company said former civil servants Vineet Nayyar and CS Rajan have been inducted in the board.
  • Piramal Enterprises: The company on Thursday reported a 25 percent year-on-year growth in consolidated net profit at Rs 480 crore for the three months to September, driven by a healthy loan book that clipped at 59 percent.
  • Aditya Birla group: Aditya Birla group chairman Kumar Mangalam Birla on Thursday said the conglomerate is looking at a capital investment of $5 billion over the next three years across its businesses both in the home market and abroad.
  • Hindalco:  The Odisha government on Thursday cleared the project proposal of Hindalco Industries Ltd worth Rs 5,000 crore. The project is to set up an aluminium flat-rolled product unit of 0.375 MTPA at Sambalpur, The Economic Times reported.
  • Results on Friday: ICICI Bank, ITC, Dr Reddy, UPL, Nestle India, BEL, Capital First, Shopper Stop, Atul Ltd, Deepak Nitrite, Coromandel International, Edelweiss Financial services, IOB, Mahindra Lifespaces, PI industries, Supreme Petrochem, Jindal Stainless, Astec Lifesciences, DB Realty, Godawari Power & Ispat, Kolte Patil, Westlife Development Emami Paper Mills, Eros International, Hindustan Media Ventures, Kirloskar Oil engines, Mawana Sugars, Sintex Plastics, Uniphos Enterprises, Shanti gears, Subros, Nuclear software.
  • (With inputs from agencies)
     
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