Top stocks to watch out for on April 26: Maruti Suzuki, Yes Bank, SBI Life, Tata Steel

SUMMARY

Indian shares are likely to open little changed on Friday following Asian peers, which remained subdued ahead of the US gross domestic product data. In the previous session, benchmark indices reverse gains and ended around 0.8 percent lower amid rising crude oil prices and ongoing earnings season. The BSE Sensex settled at 38,731, down 324 points, while the Nifty50 ended at 11,642, falling 84 points. Brent crude prices rose above $75 per barrel for the first time in 2019. Here are the top stocks to watch out for in today's trade:

By CNBC-TV18Apr 26, 2019 7:08:50 AM IST (Published)

LIC Housing Finance: LIC Housing Finance on Thursday said Siddhartha Mohanty has been appointed as its chief operating officer. Prior to taking over as the position, he was executive director with LIC of India.

SBI Life Insurance: SBI Life Insurance, a subsidiary of State Bank of India, on Thursday reported a 20 percent increase in net profit to Rs 457.68 crore in the quarter ended March 31. (stock image)

Tata Steel: Tata Steel, the country's oldest steel producer, on Thursday reported an 84.37 percent year-on-year (YoY) drop in net profit at Rs 2,295.2 crore for the January-March quarter of 2018-19.

IndiGo: It is appraisal season for pilots of market leader IndiGo after a gap of three years. The airline has increased salaries of all flight crew, cabin crew and “eligible non-crew” with effect from April 1, 2019.

Axis Bank: Private sector lender Axis Bank on Thursday reported a consolidated net profit of Rs 1,505.1 crore for the January-March quarter of 2018-19 on lower provisions.

Maruti Suzuki: India's largest carmaker Maruti Suzuki India Ltd will phase out all diesel vehicles from April 1, 2020, RC Bhargava, chairman of the company, said on Thursday.

HCL Technologies: IT firm HCL Technologies (HCL) Thursday announced the launch of its CyberSecurity Fusion Center (CSFC) in Frisco, Texas.

Bank stocks: Bank credit rose by 14.19 percent to Rs 96.45 lakh crore while deposits grew 10.60 percent to Rs 125.30 lakh crore in the first fortnight ended on April 12, according to recent RBI data.

Kotak Mahindra Bank: Private sector lender Kotak Mahindra Bank on Thursday said its subsidiary Kotak Mahindra Investments is exiting Matrix Business Services by selling its entire 19.77 percent stake for Rs 10.32 crore.

Oil Marketing Companies: The country's crude oil production fell over 4 percent in the financial year 2018-19 after ageing fields of state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) missed the target, official data released on Thursday showed.

Q4 Results today: Hero MotoCorp, Yes Bank, Piramal Enterprises, HDFC Life insurance, HDFC AMC, ATUL Ltd, Carborundum Universal, IEX, Supreme Petro, Foseco India, DIC (stock image)