Top Stocks to Watch on October 21: HDFC Bank, JSW Steel, MRPL, Dalmia Bharat, MCX, Tata Consumer Products, Oberoi Realty

Top Stocks to Watch on October 21: On Monday, the Indian stock market is expected to begin the day low though global market are trading in the green this morning.

There are some stocks to watch today October 21, these stock in focus are HDFC Bank, JSW Steel, MRPL, Dalmia Bharat, MCX, Tata Consumer Products, and Oberoi Realty.

Let’s get into a more detailed view of these stocks:

Also Read: Diwali 2024: Enjoy 20-25% Discounts on Domestic Flights for Festive Travel

HDFC Bank

The private sector lender reported that its consolidated net profit in the September quarter rose by 6% to Rs 17,825,91 crore. The company’s post-tax net went up to Rs 16,820.97 crore compared to Rs 15,976.11 crore in the year-ago period.

Its core net interest income also increased by 10% to Rs 30,010 crore soon after gross advances went up by 7% and margins stayed the same at 3.46%.

JSW Steel

JSW JFE Electrical Steel Private Ltd fully owned subsidiary, Jsquare Electrical Steel Nashik Private Ltd has signed a share purchase deal to buy 100% equity interest in Thyssenkrupp Electrical Steel India Private Ltd (tkES India).

Some closing changes will bring the total transaction amounts to Rs 4,051.40 crore.

MRPL

The company reported that in the second quarter ended September 30, 2024, the company inquired about a loss of Rs 683.6 crore. In a regulatory report, Mangalore Refinery and Petrochemicals said that it made a net profit of Rs 1,059 crore against a year ago period.

The company revenue from operations went up by 29% to Rs 24,967.9 crore compared to Rs 19,353.3 crore in the same period of the previous year.

Dalmia Bharat

The cement manufacturing company reported that its net profit declined by 60.5% year-over-year (YoY) to Rs 49 crore in the second quarter that ended on September 30, 2024 compared to Rs 124 crore a year ago period.

Also Read: Disney-Reliance JV has partnered to provide all live sports programming on Hotstar: Report

MCX

Leading commodity exchange reported that in the second quarter that ended on September 30, 2024, it made a net profit of Rs 153.6 crore against a loss of Rs 19.1 crore in the same period the previous year.

The company revenue increased 73% to Rs 285.6 crore as against Rs 165.1 crore in a year ago period.

Tata Consumer Products

In the second quarter that ended on September 30, 2024, the company made a net profit of Rs 359.3 crore. The company's revenue from operations hiked by 13% to Rs 4,214.5 crore as against Rs 3,733 crore in a year ago period, performing a little less than the expectation.

Oberoi Realty

The real estate development and hospitality company reported that its net profit increased by 28% year-on-year (YoY) to Rs 589.4 crore in the second quarter that ended September 30, 2024.

The company's revenue from operations went up by 8.4% to Rs 1,320 crore compared to Rs 1,217.4 crore in the same period of the previous year.

Also Read: Indigo Flight From Saudi Arabia Makes Emergency Landing in Jaipur Following Bomb Threat