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Stocks to watch today, April 20: HDFC Bank, ICICI Bank, Jio Financial, Coforge, Trent and others

Stocks to watch today, April 20: HDFC Bank, ICICI Bank, Jio Financial, Coforge, Trent and others

ETNow.in 2 days ago

Stocks to watch today, April 20: India Inc's Q4 earnings season opened on a mixed note, with banking majors HDFC Bank, ICICI Bank and Yes Bank reporting steady profit growth, while Jio Financial Services saw profit decline despite strong revenue expansion.

Meanwhile, companies across sectors, including pharma, infrastructure and media, announced key regulatory updates, corporate actions and strategic developments, setting the tone for market sentiment and investor focus in the ongoing earnings cycle.

Here's the list of stocks to watch in today's trading session:

HDFC Bank

Steady Profit Growth in Q4

HDFC Bank reported a 9.1 per cent year-on-year rise in net profit to Rs 19,221 crore compared to Rs 17,616.1 crore. Net interest income increased 3.2 per cent to Rs 33,081.6 crore from Rs 32,065.8 crore.

ICICI Bank

Solid NII Drives Earnings

ICICI Bank posted an 8.5 per cent increase in net profit at Rs 13,701.7 crore versus Rs 12,629.6 crore. Net interest income rose 8.4 per cent to Rs 22,979 crore from Rs 21,192.9 crore.

Yes Bank

Strong Profit Surge

Yes Bank reported a sharp 44.7 per cent jump in net profit to Rs 1,068 crore compared to Rs 738 crore. Net interest income grew 15.9 per cent to Rs 2,638 crore from Rs 2,276 crore.

Jio Financial Services

Profit Declines Despite Revenue Jump

Jio Financial Services saw its net profit fall 13.9 per cent to Rs 272.2 crore versus Rs 316.1 crore, while revenue surged 106.5 per cent to Rs 1,018.5 crore from Rs 493.2 crore.

Network18 Media & Investments

EBITDA Growth Outpaces Revenue

Network18 Media reported a 9.7 per cent increase in operating revenue to Rs 616 crore compared to Rs 561 crore, while operating EBITDA rose 59.5 per cent to Rs 30 crore from Rs 19 crore.

CompanyNet Profit (Rs Cr)NII / Revenue (Rs Cr)
HDFC Bank19,22133,081.6 (NII)
ICICI Bank13,701.722,979 (NII)
Yes Bank1,0682,638 (NII)
Jio Financial Services272.21,018.5 (Revenue)

Corporate Announcement

TVS Supply Chain Solutions

Debt Dispute Resolved

TVS Supply Chain Solutions has settled its debt dispute with ZTE Telecom India and withdrawn its appeal in NCLAT against an order that had rejected insolvency proceedings against the telecom gear manufacturer.

Trent Limited

Board to Consider Bonus and Fundraising

Trent's board will meet on April 22 to consider the issuance of bonus shares and seek approval for raising additional funds through a rights issue or other permissible modes.

IDFC FIRST Bank

Digital Tax Payment Integration

IDFC FIRST Bank has enabled digital payment of customs duty, central excise, and service tax through integration with ICEGATE 2.0 for individual and business customers.

Cipla

USFDA Inspection Completed

The USFDA conducted an inspection at Cipla's manufacturing facility in Goa from April 6 to April 17.

Coforge

Senior Executive Resigns

Coforge's Executive Vice President and Head of M&A, Anup Kumar, has resigned as per a regulatory filing.

Lupin

USFDA Issues Observations

Lupin received a Form 483 with three observations from the USFDA following an inspection of its Somerset, New Jersey, facility.

H G Infra Engineering

New SPV for Highway Project

H G Infra Engineering has incorporated a wholly owned subsidiary, H G Gobindpur Tangi Highway, as an SPV to execute a Rs 1,582.11 crore road project in Odisha awarded by NHAI.

Aurobindo Pharma

USFDA Approval Received

Aurobindo Pharma has received final approval from the USFDA to manufacture and market Dextromethorphan Polistirex extended-release oral suspension (OTC).

CompanyAnnouncement
TVS Supply Chain SolutionsSettled ZTE dispute; withdrew NCLAT appeal
TrentBoard meeting on April 22 for bonus issue and fundraising
IDFC FIRST BankEnabled tax payments via ICEGATE 2.0
CiplaUSFDA inspection at Goa facility
CoforgeEVP & Head of M&A resigned
LupinUSFDA issued Form 483 with 3 observations
H G Infra EngineeringIncorporated SPV for Rs 1,582.11 crore project
Aurobindo PharmaReceived USFDA approval for OTC drug

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)

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