Stocks To Watch On April 5: Domestic markets rebounded sharply to hit record fresh highs on Thursday, propped up by status quo expectations in the interest rate decision of the RBI’s monetary policy committee. In today’s trade, shares of HDFC Bank, IndusInd Bank, Ultratech, Bajaj Finance, Prestige Estates among others will be in focus due to various news developments.
Rate sensitives: Shares of financial, automobile, and real estate companies would be on radar as the Reserve Bank of India is set to announce the first repo rate decision of FY25.
HDFC Bank: The ADR of HDFC Bank climbed 5 per cent on the New York Stock Exchange (NYSE) on Thursday after the lender posted healthy loan, and deposit growth numbers for Q4FY24. The stock advanced 3 per cent in the domestic market yesterday.
Bajaj Finance: The non-bank finance company (NBFC) added 3.23 million customers in Q4FY24, taking the total customer franchise to 83.64 million.
Its new loans booked during the quarter grew 4 per cent year-on-year (Y-o-Y) to 7.87 million during Q4FY24, with AUM rising 34 per cent to Rs 3.3 trillion.
IndusInd Bank: The private lender posted an 18 per cent Y-o-Y growth in advances at Rs 3.43 trillion during the March quarter. The bank’s deposits, meanwhile, rose 14 per cent to Rs 3.85 trillion.
Nestle India: The National Consumer Dispute Redressal Commission, New Delhi (NCDRC) has dismissed the Central government’s plea against Nestle India regarding the unfair trade practice in selling Maggi Noodles.
Cello World: The company will set up a glassware manufacturing facility in Rajasthan to boost manufacturing capabilities across product categories.
Sobha: The real estate player said sales value in Q4FY24 grew by 2.8 per cent Y-o-Y to Rs 1,504 crore. The average price realization in Q4FY24 jumped 13.5 per cent to Rs 11,230 per square foot compared to the year-ago period.
Prestige Estate Projects: Prestige Group has acquired 21 acres of land in Whitefield, Bengaluru for Rs 450 crore.
Cipla: The USFDA has issued six inspectional observations in Form 483 for the Patalganga facility in Maharashtra.
Bandhan Bank: The lender’s loans and advances increased by 17.8 per cent Y-o-Y to Rs 1.28 trillion, while deposits jumped by 25.1 per cent to Rs 1.35 trillion in Q4FY24.
Hero MotoCorp: The two-wheeler maker has received notices for a tax demand of Rs 308.65 crore, coupled with interest of Rs 296.22 crore for six assessment year.
Ultratech Cement: The company has completed a 100 MW solar energy project under the group captive scheme in Rajasthan.
Nazara Technologies: Next Wave Multimedia Private Limited, a subsidiary of the company will acquire intellectual property rights pertaining to Ultimate Teen Patti from Games24x7 for Rs 10 crore.
Equitas Small Finance Bank: The SFB’s gross advances improved by 23 per cent Y-o-Y and 5 per cent Q-o-Q to Rs 34,337 crore during Q4FY24. Total deposits, too, jumped 43 per cent Y-o-Y/12 per cent Q-o-Q to Rs 36,129 crore. CASA deposits were Rs 11,552 crore, up 8 per cent Y-o-Y/9 per cent Q-o-Q.
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