Stocks to Watch: HDFC Bank, JSW Energy, Bandhan Bank, Lupin, Suzlon
HDFC Bank: India's largest private sector lender, is gearing up to announce its financial results for the April-June period on Monday. Analysts predict that the bank will register a standalone net profit of ₹11,580 crore for this period, indicating a substantial 25.9% increase from the same period the previous year.
They also project a 23.2% year-on-year surge in the net interest income (NII) to ₹24,000 crore. The leading private sector bank in India, is preparing to reveal its financial results for the April-June quarter on Monday. Analysts predict that the bank will register a standalone net profit of ₹11,580 crore for this period, indicating a substantial 25.9% increase from the same period the previous year.
They also project a 23.2% year-on-year surge in the net interest income (NII) to ₹24,000 crore. The bank's robust loan growth and consistent credit cost are anticipated to strengthen its financial outcomes, even though there may be some pressure on the net interest margin (NIM) due to escalating provisions.
JSW Energy: The company reported a more than 48% plunge in consolidated net profit, amounting to ₹290 crore for the April-June quarter, attributed to the one-off impact of non-operational costs from the recent acquisitions of Mytrah and the 700 MW Ind-Barath thermal plant under insolvency proceedings. The company noted the existence of a one-off impact of non-operational costs related to the recent Mytrah buyout and the 700 MW Ind-Barath thermal NCLT deal.
Bandhan Bank: The private lender reported an 18.7% decrease in its net profit to ₹721 crore in the first quarter of the present fiscal year. The bank's deposits at the end of the first quarter amounted to ₹1.08 lakh crore, while advances reached ₹1.03 lakh
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