Stocks to watch: HDFC Bank, HCL Bank, L&T Bank, RIL, Tata Coffee

Stock Market

Stock Market

The stocks regarding the HDFC Bank, HCL Technologies are further likely to react to their earnings this morning, and while on the other side L&T Infotech, Ultratech Cement and Tata coffee are the others are in the focus ahead of the declaration of their results today. The marketers are furthermore going to open on a positive note as mentioned and informed by SGX Nifty. But on the other side,

The global cues may cover out the sentiment due to the rising price of oil continuing to weigh on the world’s market sentiment. At 8:20 A.M. The SGX Nifty went on to indicate a gap up of the opening of the 66 points at 18,421. And here are the top stocks related to the focus of trade today.The Reliance Industry: just a week after it made its announcement regarding a couple of deals in the renewable energy space, the Ambani controlled firm now aims at global tie-ups in the same space.

On the other hand, meanwhile, one of the firm’s retail divisions- which is Reliance Brands acquires a 40% stake in Manish Malhotra’s Styles PVT. Ltd for an undisclosed sum. 

HDFC Bank: The Q2FY22 net profit rose by 17.6% to Rs 8,834.31 crore against Rs 7,513.11 crore in one year period. The total income was up to 7.4% which is at RS 38,754.16 Crore from Rs 36,069.42 within the same period. 

HCL Technologies: The IT Firm has maintained FY22 forecast, while on a report of 3.9% YoY growth in the Q2 net at Rs 3,265 crore at the 11.1% YoY growth in the revenue at Rs20,655 crore within the quarter end of September 2021.  

The results today:  Alok Textiles, Gujarat Hotels, Hathway Bhawani Cable, Hatsun Agro, Lloyds Steels, Larsen & Toubro Infotech, SVP Global Ventures, Tanfac Industries, Tata Coffee, and UltraTech Cement are some of the prominent companies to announce earnings.

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