Top stocks to watch — Avenue Supermarts, Jet Airways, RIL, Airtel, Vodafone-Idea, Tata Communications, HDFC Bank and others

• The SGX Nifty was trading 0.64% higher at 7:51 am, indicating a positive start for Nifty50.
• Here’s a list of stocks to watch for in trade today.
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Amidst positive cues from the Asian markets, the Indian equities are likely to open in green on Monday. The SGX Nifty was trading 0.64% higher at 7:51 am, indicating a positive start for Nifty50.

The Hang Seng Index was trading at 1.24% higher at 7:45; even markets in Australia and Shanghai were trading in the green.

These are the stocks to watch out for during the trading session on October 16:

HDFC Bank

India’s largest private sector lender, HDFC Bank, $4growth in profit at ₹7,513.11 crore for the quarter ended September 30. The bank’s net interest income (NII) grew by 16.7% to ₹15,774.4 crore in the quarter and other income, comprising fee and commission, grew 27.9% to reach ₹6,092 crore.

The shares of HDFC Bank ended 2.92% higher on Friday.

Avenue Supermarts

Radhakishan Damani’s Avenue Supermarts retail chain D-Mart reported a 38.5% (Y-o-Y) decline in its consolidated profit for the second quarter. However, the profit grew by five-fold compared to the sequentially quarter amid easing of lockdown restrictions. The revenue during the quarter also fell 11.4% to ₹5,306.2 crore.

The shares of Avenue Supermarts ended over 0.52% higher on Friday.

Tata Communications

Tata Communications posted an around seven-fold jump in its consolidated net profit to ₹384.81 crore for the second quarter ended September 30. The company’s consolidated revenue grew 4.5% to ₹4,477.18 crore during the quarter, the company said in a BSE filing.

The shares of Tata Communications ended 5% higher on Friday.

Jet Airways

Cash-strapped Jet Airways on Saturday approved the resolution plan submitted by London-based Kalrock Capital and UAE-based businessmen Murari Lal Jalan to acquire the airline.

The shares of Jet Airways ended 5% higher on Friday.

RIL, Airtel and Vodafone-Idea

In July, Mukesh Ambani led Reliance Jio added over 2.5 million active subscribers, while its rivals Airtel lost 0.4 million and Vodafone-Idea lost over 3.8 million active users, based on TRAI report.

The shares of RIL ended 1.2% lower on Friday, whereas Airtel and Vodafone-Idea closed nearly a percent higher.

Britannia Industries, HDFC Life Insurance Company, L&T Technology Services and ACC

Britannia Industries, HDFC Life Insurance Company, L&T Technology Services, ACC and few other companies are slated to report their quarterly earnings today.

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