HDFC Bank, Avenue Supermarts, HCL Tech and other stocks to watch out for on October 18

Oct 18, 2021

By: Rounak Jain

HDFC Bank

Reported a 17.6 percent jump in net profit to ₹8,834 crore, while revenue surged 7.4 percent to ₹38,754 crore, year-on-year.

Credit: BCCL

Contd...

Its net interest income surged 12.1 percent to ₹17,684 crore. Its net non-performing assets grew to 0.4 percent from 0.17 percent in the same period last year.

Credit: BCCL

Avenue Supermarts

Its net profit more than doubled to ₹418 crore in the September quarter, while revenue surged 47 percent to ₹7,789 crore, year-on-year.

Credit: BCCL

HCL Tech

Reported a 1.6 percent increase in net profit to ₹3,265 crore in the September quarter, while revenue increased 2.9 percent to ₹20,655 crore, quarter-on-quarter.

Credit: HCL-Tech

Earnings today

Ultratech Cement, L&T Infotech, Route Mobile, Craftsman Automation, Tata Coffee, among others.

Credit: Pixabay

Coal India

Temporarily halted coal supplies to industries amidst a worsening energy crisis in the country.

Credit: BCCL

InterGlobe Aviation, SpiceJet

The government has lifted all its restrictions on the aviation sector, allowing airlines to operate at 100 percent capacity starting today.

Credit: BCCL

PNB Housing Finance

Its board has decided not to go ahead with the preferential allotment of shares to investors led by the Carlyle group after a delay due to legal proceedings.

Credit: PNB-Housing-Finance

Reliance Industries

Its subsidiary, Reliance Brands, has acquired a 40 percent stake in MM Styles owned by fashion designer Manish Malhotra.

Credit: BCCL

Lupin

Has recalled all batches of two hypertension drugs from the US market after concerns about the potential presence of a substance that could cause cancer.

Credit: Lupin

IndusInd Bank

Its board will meet on October 21 to consider a proposal for raising funds via unsecured, redeemable bonds.

Credit: BCCL

Israel strikes Iran, according to multiple reports