Stocks to Watch Today: RIL, HDFC Bank, ICICI Bank, RBL, Federal Bank, L&T Tech, RVNL in Focus

Stocks to Watch Today: The Indian equities will be enjoying a healthy start on Monday with the Gift Nifty moving about 225 points with an indication of positive start in Dalal Street on Diwali at 25,980. Investors are likely to watch numerous quarterly earnings, significant fund infusion announcements, takeovers, and order victories in industries.

Prashanth Tapse, the senior vice-president (research) of Mehta Equities Ltd, opined, said, “Bullish euphoria and an early Diwali party seem likely at Dalal Street, with sentiment buoyed by hopes of Fed rate cuts, strong global cues, and the IMF’s upward revision of India’s FY26 GDP growth to 6.6%. Technically, Nifty looks poised to extend gains towards 25,670, supported by dovish signals from Fed Chair Powell, easing trade war fears, and soft crude prices near $58.60."

such a festive atmosphere, attention will be paid to the major Q2 results of Reliance, Infosys, and HDFC Bank which are already showing solid performance. Traders can seek to ride the bullish wave under buy-on-dip strategies particularly of the stocks such as Bajaj Finance, HUDCO, DLF, HAL, and Manappuram as the Street prepares to record a potentially shining week ahead, he added.

Reliance Industries (RIL)

Reliance Industries has performed well in its September quarter with consolidated profit increasing by 14.3 percent per annum compared to last year because of increased revenue and better margins. Gross revenue increased by 9.9 percent to 2.83 lakh crore and EBITDA rose by 14.6 percent to 50,367 crore with margins going up by 80 basis points to 17.8.

The subsidiary Jio Platforms was also recording good figures with a 12.8% increase in profits to Rs 7,379 crore and revenue growth of 14.9%. ARPU of the company rose to Rs 211.4, which points to the continued momentum in the digital services.

HDFC Bank

HDFC Bank has reported an increase in standalone profits by 10.8 percent to Rs 18,641 crore, which was backed by a healthy growth in loans. The net interest income increased by 4.8 per cent to Rs 31,551 crore and the provisions increased by almost 30 per cent to Rs 3,500 crore. The quality of assets has improved, and asset gross NPA is reduced to 1.24 and net NPA is reduced to 0.42 respectively.

ICICI Bank

The profit of ICICI bank increased by 5.2 in the second quarter to reach 12,359 crore with an increase in net interest income and reduction in provisions. NII increased by 7.4 to Rs 21,530 crore and the provisions also dropped 26 per cent on year basis. The gross NPA of the bank decreased to 1.58 percent and net NPA increased to 0.39 percent which showed stable asset quality.

With opening signals of a solid Diwali in Dalal Street, Reliance industries, HDFC bank, ICICI bank and RBL bank report major earnings and major deals drive market attention.

RBL Bank

RBL Bank will not pass out of the sight since Emirates NBD Bank (PJSC) has projected the historic agreement to purchase majority voting power by the way of primary capital contribution amounting to 60 percent in the form of $3 billion (Rs 26,850 crore) which is the biggest ever overseas direct investment in the banking sector in India. ENBD will also introduce a compulsory open offer to take up an extra 26 percent by the shareholders of the shareholders. The stock is still on the F&O banlist to-day.

Federal Bank

A decline in profit of 9.6 percent to Rs 955 crore was reported by Federal Bank in comparison with the increase of 5.4 percent to Rs 2,495 crore in NII. Provisions increased more than 130% to Rs 363 crore and this affected the profitability. The bank has a board meeting on October 24, where it is supposed to discuss a proposal to raise some funds and this might affect the movement of stocks.

L&T Technology Services

L&T Technology Services reported 2.8 percent increase in profit to 329 crores on a 15.8 percent increase in revenue to 2, 980 crores in Q 2. An interim dividend of 18 per share has also been declared by the board and this makes the stock appealing to the investors of dividends.

Other Stocks in Focus

Marico: FMCG major has acquired the outstanding 46.02 percent shares in True Elements, which is now an entirely owned subsidiary.

Tata Power: It has been operating the unit of Mundra but on a temporary basis which is to be resumed on November 30.

Sterling and Wilson Renewable Energy: The company won new contracts of EPC totaling to Rs 1,772 crore in India and South Africa adding up to total order inflows in this fiscal to Rs 3,775 crore.

Ircon International: Won a project worth Rs 360.3 crore by Petronet LNG to do civil and structural work at Dahej, Gujarat.

Rail Vikas Nigam (RVNL): It became the lowest bidder in an overhead equipment upgradation project worth 144.4 crore to be executed by South Central Railway.

RPP Infra Projects: Secured a contract worth 125.9-crore to carry out civil works in the National Academy of Defence Financial Management (NADFM), Pune.

Alembic Pharmaceuticals: Alembic got final USFDA approval on its Triamcinolone Acetonide Injectable Suspension USP, boosting its US portfolio.

Bulk Deals and other Major Movements

Delivery: Smallcap World Fund sold 39.17 lakh shares at a value of Rs 175.7 crore at a share price of Rs 448.35.

MTAR Technologies: BNP Paribas Financial Markets bought 3.53 lakh shares at 80.8 crore.

IRB InvIT Fund: LTIMindtree bought 1 crore shares at a price of Rs 60.9 crore and IIFL Finance and Kotak Mahindra Bank sold part of their interests.

Ex-Dividend Stocks Trading Today

The ex-dividend companies of today include Tech Mahindra, Oberoi Realty, Rama Phosphates, and Tips Music.