The market closed flat despite the IT stocks gaining on Friday. The trend is likely to continue to today due to weak global cues.

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Here are the stocks you should watch out for:

HDFC Bank:

The bank reported a net profit of Rs 4,799.2 crore in its Q$ results. CLSA, ratings agency, foresees a 21% compound annual growth rate in its earnings between financial years 2018-2019 and 2021-2022.

Oil Marketing Firms: Petrol price hit Rs 74.40 a litre, the highest level under the BJP-led government, while diesel rates touched a record high of Rs 65.65, renewing calls for cut in excise duty to ease burden on consumers.

Mahindra & Mahindra: Mahindra Electric, part of the diversified $19 billion Mahindra Group and Meru, technology-enabled cab services company, announced a collaboration for a pilot Electric Vehicle project.

Punjab National Bank: The government has intervened in the bankruptcy proceedings of Nirav Modi firms in the US to protect the interests of Punjab National Bank, Union minister P P Chaudhary said, amid multi-pronged efforts to deal with the nearly Rs 13,000 crore scam.

Fortis Healthcare: Under fire from Foreign Institutional Investors (FII), the Fortis Healthcare board formed a panel for evaluation of binding bids by April 26.

Bharti Infratel, LIC Housing, Indiabulls Ventures, Reliance Infra, Delta Corp, among others will declare their quarterly results today.

TCS: TCS closed at record high, with the market cap less than 2% away from the $100 billion mark.

Unichem Laboratories: Unichem Laboratories said it has not received any observations from the US health regulator after completion of inspection of its Ghaziabad facility in Uttar Pradesh.

First Published:Apr 23, 2018 7:42 AM IST