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.
| Company | Net Profit (Rs Cr) | NII / Revenue (Rs Cr) |
| HDFC Bank | 19,221 | 33,081.6 (NII) |
| ICICI Bank | 13,701.7 | 22,979 (NII) |
| Yes Bank | 1,068 | 2,638 (NII) |
| Jio Financial Services | 272.2 | 1,018.5 (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TVS Supply Chain Solutions has settled its debt dispute with ZTE Telecom India and withdrawn its appeal in NCLAT against an order that had rejected insolvency proceedings against the telecom gear manufacturer.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).
| Company | Announcement |
| TVS Supply Chain Solutions | Settled ZTE dispute; withdrew NCLAT appeal |
| Trent | Board meeting on April 22 for bonus issue and fundraising |
| IDFC FIRST Bank | Enabled tax payments via ICEGATE 2.0 |
| Cipla | USFDA inspection at Goa facility |
| Coforge | EVP & Head of M&A resigned |
| Lupin | USFDA issued Form 483 with 3 observations |
| H G Infra Engineering | Incorporated SPV for Rs 1,582.11 crore project |
| Aurobindo Pharma | Received 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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