CNBC-TV18's top stocks to watch out for on January 20

SUMMARY

Benchmark indices BSE Sensex and NSE’s Nifty 50 are expected to open higher on Monday, tracking positive trends in global markets and Nifty futures. Reliance Industries, HDFC Bank and TCS, which reported their Q3FY20 earnings last week, will be among the key stocks in focus today. Here is a list of stocks that you need to watch out for in today’s trade:

By CNBC-TV18Jan 20, 2020 7:20:36 AM IST (Published)

Reliance Industries reported its highest-ever quarterly consolidated net profit at Rs 11,640 crore for the quarter ended December 31, up by 13.5 percent from the year-ago period. RIL's consolidated revenue for the quarter dipped 1.4 percent to Rs 168,858 crore. Reliance Retail posted a 58 percent jump in pre-tax profit to Rs 2,389 crore and a 27 percent rise in revenue at Rs 45,327 crore. Reliance Jio posted a standalone net profit of Rs 1,350 crore, up 62.5 percent a year ago. (Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

HDFC Bank reported 32.8 percent growth in net profit to Rs 7,416.5 crore for the third quarter ended December 31. Total income rose to Rs 36,039 crore during the quarter from Rs 30,811.27 crore in the year-ago period. Net interest income for the quarter grew to Rs 14,172.9 crore, driven by growth in advances of 19.9 percent and growth in deposits of 25.2 percent.

HCL Technologies reported a 13 percent rise in its consolidated net profit at Rs 3,037 crore for the third quarter. Its revenue from operations grew 15.5 percent to Rs 18,135 crore in the quarter. HCL Tech has revised its revenue growth outlook to 16.5 -17 percent for 2019-20 from its previous forecast of 15-17 per cent topline growth in constant currency terms. HCL Technologies' board has declared a dividend of Rs 2 per share.

Tata Consultancy Services reported a 0.2 percent year-on-year (YoY) rise in consolidated net profit at Rs 8,118 crore for Q3FY20. Its revenue for the quarter grew 6.7 percent to Rs 39,854 crore. The company also declared a third dividend of Rs 5 per equity share of Re 1 each of the company.

L&T Finance Holdings reported a marginal 1.8 percent rise in consolidated net profit to Rs 591.47 crore during the third quarter. Total income during the quarter increased to Rs 3,735.79 crore as against Rs 3,445 crore. Average assets under management (AUM) increased to Rs 71,587 crore from Rs 69,080 crore a year ago. The company raised more than Rs 10,000 crore in long-term borrowing in third quarter, the highest quarterly borrowing since 2016-17.

ICICI Lombard General Insurance reported a 23 percent increase in profit to Rs 294.11 crore for December 2019 quarter. Total income rose to Rs 2,798.90 crore as against Rs 2,416.39 crore in the year-ago quarter. Solvency ratio was 2.18 times as on December 31, 2019, as against 2.26 times till September 30, 2019, and higher than the minimum regulatory requirement of 1.50 times. Solvency ratio was 2.24 times on March 31, 2019, it added.

Bharti Airtel announced its partnership with Bharti AXA Life Insurance to introduce its most affordable prepaid bundle with built in life insurance cover of Rs 2 lakh. Airtel's new prepaid bundle at Rs 179 offers unlimited calling to any network, 2 GB data, 300 SMS along with a term life cover of Rs 2 lakh from Bharti AXA Life Insurance. The pack has a validity of 28 days.

Mahindra & Mahindra its subsidiary, Mahindra First Choice Wheels (MFCWL), has signed a share purchase agreement to acquire Fifth Gear Ventures for up to Rs 30.45 crore. The acquisition is expected to be completed by March 31. Incorporated in September 2015, FGVL is engaged in the business operating the website 'www.carandbike.com’.

L&T Technology Services posted a 10 percent rise in consolidated net profit at Rs 204 crore during the quarter ended December 31. The company's revenue increased 8.1 percent to Rs 1,423 crore in the quarter. L&T Tech’s revenue in North American market grew by 13.7 percent, while it recorded dip in all other main markets.

Power Finance Corporation Ltd (PFC) has raised $750 million through issuance of overseas bonds to fund business expansion plans. The proceeds from bonds will be utilised in accordance with the external commercial borrowing regulations of the Reserve Bank of India including for on lending to power sector utilities.

Prestige Estate Projects said its subsidiary, Prestige Falcon Realty Ventures, has acquired a 50 percent stake in Lokhandwala DB Realty by way of capital account contribution and admitted as a partner of the LLP.

IL&FS Transportation said one of its subsidiaries has reached a pact with National Highways Authority of India (NHAI) for receiving Rs 252 crore claim. The settlement was reached pursuant to the discussions held through the Conciliation Committee of Independent Experts appointed by NHAI, it said.

Blue Dart Express reported consolidated net loss of Rs 31.92 crore for the quarter ended December on 31, 2019, compared to a profit of Rs 32.02 crore a year ago. Total income declined to Rs 859.74 crore as against Rs 862.47 crore in the year-ago quarter.

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