Top stocks to watch — Future Retail, RIL, IndusInd Bank, Kotak Mahindra Bank, ICICI Bank, Tata Motors, Tech Mahindra, Yes Bank and others

Top stocks to watch — Future Retail, RIL, IndusInd Bank, Kotak Mahindra Bank, ICICI Bank, Tata Motors, Tech Mahindra, Yes Bank and others
BCCL
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Amidst positive cues from the global markets, the Indian equities are likely to open higher on Monday. The SGX Nifty was trading 0.23% higher at 7:55 am, indicating a positive opening for Nifty50.

These are the stocks to watch out for during the trading session on October 26:

Future Retail and RIL

The Singapore arbitration court ruled in favour of American e-commerce giant Amazon with regard to the Future-RIL deal. The court has directed Kishore Biyani’s led Future Group to not proceed with Mukesh Ambani’s Reliance Retail deal until the outcome of the arbitration process.

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The shares of Future Retail and RIL ended 4% and 0.24% higher, respectively, on Friday.

DHFL

According to PTI reports, the committee of creditors (CoC) of debt-ridden DHFL is scheduled to meet today to take a call on four bids received as part of the resolution process for the beleaguered firm.

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The four bidders include Adani Group, Piramal Enterprises, US-based Oaktree and Hong Kong-based SC Lowy. The shares of DHFL ended 5% lower on Friday.

IndusInd Bank and Kotak Mahindra Bank

The Mauritius-based, IndusInd Bank promoter, IndusInd International Holdings Ltd (IIHL) refuted media reports claiming that Kotak Mahindra Bank may take over the bank.

The shares of IndusInd Bank and Kotak Mahindra Bank ended 0.3% and 0.5% lower, respectively, on Friday.
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ICICI Bank

The Indian multinational Bank, ICICI Bank has shut its operations in Sri Lanka after getting approval from the Sri Lankan monetary authority.

The shares of ICICI Bank ended 0.84% higher on Friday.

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Vedanta

Vedanta on Saturday said its board has approved the first interim dividend of ₹9.50 per share amounting to ₹35 billion.

The shares of Vedanta ended flat on Friday.

Tata Motors

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Tata Motors on Friday told investors that it has bagged an order for 6,413 vehicles from Andhra Pradesh State Civil Supplies Corporation. The company said it emerged as the top bidder under the terms and conditions set by the government.

The shares of Tata Motors ended 3% higher on Friday.

Tech Mahindra

Tech Mahindra reported a 5% year-on-year drop in its profit to ₹1,065 crore for the quarter ended September 30. Although the profit was up 9.5% compared to the sequential quarter. The company generated revenue of ₹9,372 crore, up 3.3% year-on-year.
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The shares of Tech Mahindra ended 1% higher on Friday.

Yes Bank

The private sector lender, Yes Bank is back in the black after reporting a net profit of ₹129 crore for the second quarter ended September 30. The bank had posted a net loss of ₹600 crore in the corresponding quarter last year. However, the bad loans in Yes Bank’s portfolio remained elevated.
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The shares of Yes Bank ended 5% higher on Friday.

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