Stocks to watch: Icici Bank, Hdfc Bank, Reliance, Railtel


Here is the list of the top 10 stocks likely to take center stage on Monday:

ICICI Bank: The bank announced on Saturday a 58% jump in its consolidated net for the March quarter to 7,719 crores, helped by a sharp decrease in money set aside for bad debts. On an individual basis, the second largest private sector lender reported a 59% jump to 7,019 crores for the January to March quarter 2021-22. It ended fiscal year 22 with a 44% growth in net income at 23,339 crores.

Trust Industries: The company headed by Mukesh Ambani said on Saturday that its The 24,713 crore deal to acquire the assets of Future Group cannot be implemented after secured creditors of Kishore Biyani-led companies voted against the proposal. Several listed future group entities – Future Retail Ltd, Future Enterprises Ltd (ELF), Future Market Networks Ltd, Future Consumer Ltd, Future Supply Chain Solutions Ltd and Future Lifestyle Fashions Ltd – in their respective regulatory filings on Saturday also said the composite scheme of arrangement with Reliance Group entities cannot now be implemented due to the vote result.

HDFC Bank: The bank on Saturday declared a dividend of 1550% or 15.50 per share to its shareholders for the 2021-22 financial year. The board at its meeting recommended a dividend of 15.50 per share of Re 1 (1550%) on net earnings for the year ended March 31, 2022, HDFC Bank said in a regulatory filing.

Hindustan Zinc: Vedanta group company Hindustan Zinc Ltd on Friday announced an 18% increase in its consolidated net profit to 2,928 crore for the quarter ended March 31, 2022, driven by higher volumes and higher metal prices.

Capital Aditya Birla: Vishakha Mulye, a veteran of ICICI Bank, will take over the general management of Aditya Birla Capital, the non-bank lender announced on Saturday. Mulye, who was the executive director of ICICI Bank in charge of the wholesale banking portfolio, will take office on June 1, according to an announcement by Aditya Birla Capital on the stock exchanges.

RailTel Corporation of India: RailTel Corporation of India, a Mini Ratna Central Government PSU under the Ministry of Railways, has received a work order from Rail Vikas Nigam Limited (RVNL) is worth 11.57 crores for the installation of Multiprotocol Label Switching (MPLS) Virtual Private Networks (VPNs) in 33 locations across the country.

Power of torrents: Torrent Power has signed a share purchase agreement to acquire 100% of the capital of a 50 MW solar power plant from the SkyPower group at an enterprise value of 417 crore.

Aurobindo Pharmacy: Pharmaceutical leaders Aurobindo Pharma, Sun Pharma and Radiant are recalling different products from the US market for various reasons, according to the latest enforcement report from the United States Food and Drug Administration (USFDA).

Tata Metaliks: The company on Friday announced a 30% drop in net profit to 52.46 crores for the quarter ended March due to increased expenses. The company had recorded a 74.99 crore net profit in the January-March period of the previous fiscal 2020-21, Tata Metaliks said in a BSE filing.

Nykaa: The firm announced on Friday its strategic investments in three companies involved in clean beauty, athleisure and nutricosmetics. The company has acquired stakes in Earth Rhythm, Nudge Wellness and KICA.

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