Top Stocks to Watch On October 11: Bandhan Bank, IREDA, Uno Minda, Tata Elxsi, Oberoi Realty, TCS

Top Stocks to Watch On October 11

Top Stocks to Watch On October 11: The Indian Stock market is expected to begin the day on a flat note today. The Indian stock market benchmark Nifty opened positive but couldn’t hold it for long while the Sensex began the day in negative.

On Friday, October 11, there are some stocks to watch today, these stocks are Bandhan Bank, IREDA, Uno Minda, Tata Elxsi, and Oberoi Realty.

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Bandhan Bank

The private sector bank reported that it has received approval from the RBI for the appointment of Partha Pratim Sengupta, a seasoned public sector banker, as the new Managing Director and Chief Executive Officer (MD and CEO) of a private lender.

This appointment is expected to come into effect no later than November 10, 2024, and Sengupta will serve a three-year term. The appointment will be finalized after the approval of the Nomination and Remuneration Committee of the bank's sanction.

IREDA

IREDa reported Net Interest Income (NII) went up by 51.9% to Rs 547 crore during the quarter compared to Rs 360 crore in a year ago period.

The company’s net profit also increased by 36% year-over-year to Rs 387 crore compared to Rs 284 crore in the same quarter last year. The gross net profit of the company stayed the same at 2.19% and the Net NPA went up by 1.04% from 0.95% in the June quarter.

Also Read: Mukesh Ambani’s Heartfelt Farewell to Ratan Tata: ‘You Will Always Remain in My Heart'

Uno Minda

The automotive company reported that the Toyoda Gosei Uno Minda India Pvt. Ltd. which is a Joint Venture of Uno Minda Ltd has begun its production at its manufacturing factory located at Neemrana, Rajasthan.

Tata Elxsi

The design and technology service providers reported that its net profit went up by 15% to Rs 229 crore in the second quarter and the operating profit increased by 8% to Rs 955 crore.

Oberoi Realty

The real estate development company reported that its boards have agreed to a proposal to use various financial instruments to raise up to Rs 6,000 crore.

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