Stocks to Watch: SBI, Cello World, IndiGo, Bank of Baroda, L&T, IDFC First Bank

livemint.com:

State Bank of India: India's largest commercial bank, SBI reported an 8% year-on-year jump in the net profit as it grew from ₹13,264.5 crore in Q2FY23 to ₹14,330 crore in the quarter under review. The net interest income (NII) of the State Bank of India jumped 12.3% compared to the same period last year, reaching ₹39,500 crore. Additionally, there was a 21.6% growth in other sources of income, bringing it to ₹10,790 crore.

Cello World: Cello World is set to make its debut on the bourses today. Analysts predict that the company's shares may be listed at a premium of 22-25%. With a significant investor response to the issue, analysts anticipate an initial stock opening range between ₹790 and ₹810, exceeding the offer price of ₹648.

Meanwhile, in the grey market, the stock is currently enjoying a 24% premium. InterGlobe Aviation: The country's largest airline IndiGo on Friday said there will be more grounding of aircraft due to the issues in the fourth quarter and is taking a range of mitigating measures. Currently, around 40 planes of the airline are grounded due to engine issues, according to a senior airline official.

IndiGo is taking various measures, including taking planes on wet lease, retaining aircraft and leasing additional planes from the secondary market. Bank of Baroda: Bank of Baroda reported a net profit of ₹4,252.9 crore in the second quarter of fiscal year 2023-24 (Q2FY24), marking a surge of 28.4% as against the year-ago period, as per the financial results. The jump was credited to robust loan growth.