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Top stocks to watch out for on October 29: Yes Bank, ICICI Bank, BPCL, IL&FS
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Top stocks to watch out for on October 29: Yes Bank, ICICI Bank, BPCL, IL&FS
Oct 28, 2018 11:41 PM

Indian shares were set to bounce back on Monday after hitting seven-month low in the previous session, but investor sentiment will likely remain fragile on concerns surrounding global growth and corporate earnings.

Share Market Live

NSE

At 07.10 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.84 percent to 10,131.50, indicating a moderate start for the Indian market today.

Here are the top stocks to watch out for in today's trade:

ICICI Bank: Private sector lender's second-quarter profit fell 55 percent year-on-year to Rs 908.9 crore on higher gross NPA (non-performing assets) provisioning.

Yes Bank: Private lender on Friday said it has shortlisted potential candidate profile to possibly succeed its managing director (MD) and chief executive officer (CEO) Rana Kapoor.

Jet Airways: The airline has given pink slips to 20 employees, including some senior-level executives, who were working in the airline's crucial in-flight services department, to curtail costs amid the severe cash crunch, an airline source told PTI said on Friday.

Dr Reddy's Labs: Pharma major Dr Reddy's on Friday reported a rise of 77 percent in its consolidated net profit for the second quarter of 2018-19, at Rs 504 crore from Rs 285 crore during the corresponding period of the previous fiscal.

Coffee Day: Leading cafe chain, Cafe Coffee Day, aims to have a network of around 2,500 stores in the next 7-8 years as part of its expansion plans, a top company official said.

Avenue Supermarts: In an interview with CNBC-TV18, CEO Neville Noronha said the company is not looking aggressively to expand the stores in new states. On D-Mart's philosophy, he said the ethos, the principles, the values of the business hasn’t changed since the very beginning. "Ecommerce is our limitation," he said.

Axis Bank, HDFC Bank: Axis Bank on Friday sold 4.95 percent stake in National Securities Depository Limited (NSDL) to its peer HDFC Bank for a consideration of Rs 163.34 crore. Post the sale, Axis Bank would be left with 0.05 per cent holding in NSDL, the lender said in a filing.

IL&FS: The new board of Infrastructure Leasing & Financial Services (IL&FS) led by Kotak Mahindra Bank vice-chairman Uday Kotak has detected anomalies in governance that may have pushed the company into a financial mess, sources privy to the developments told CNBC-TV18.

Nestle India: FMCG major Nestle India reported a 29.99 percent increase in net profit to Rs 446.11 crore for the third quarter ended September 2018, supported by broad-based volume growth.

Results on Monday: BPCL, Colgate Palmolive, LIC Housing Finance, Tata Power, Century Textile, Union Bank, Chennai petroleum corporation, Just dial, Granules India, Gruh finance, Supreme industries, Sundaram Fasteners, Solar Industries, KRBL, SPARC, Carborundum Universal, Finolex Industries, DCM Shriram Ltd, Chambal Fertilizer, Vijaya Bank, Mondanto India, KPR Mills, IFB industries, Mahindra Holidays, Sudarshan Chemcicals, Nikamal Ltd. Meghmnai organics, HSIL Ltd, HDFC AMC, ACE, Hester Biosciences, Deccan Gold mines, Nelcast, Sagar Cements, Steelcast, Thirumalai Chemicals, Transcorp International, Wonderla Holidays, Snowman Logistics.

(With inputs from agencies)

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First Published:Oct 29, 2018 7:41 AM IST

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