Ratings on Avenue Supermarts by Morgan Stanley and Credit Suisse have depreciated while CLSA has anticipated a combined annual growth of 18 per cent in HDFC Bank's earnings over FY21-24. The domestic stock markets are expected to trade in green on Monday after building on the momentum witnessed last week. Trends on SGX Nifty have also indicated a positive opening for the markets.
The Nifty futures were trading at 18,445.20, 90.20 points or 90.20 per cent higher on the Singapore Stock Exchange.
BSE Sensex had on Thursday surged to 568.90 points or 0.94 per cent nearly close at 61,305.95 and the Nifty plunged 176.70 points or 0.97 per cent to end at a record closing high of 18,338.50.
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Check out the stocks you should be watching today:-
Vodafone Idea: New rules have been released for the settlement of the retrospective tax dispute with the British telecom company, Vodafone Plc. by the Central Board of Direct Taxes (CBDT). The company has been given 45 days to approach the government for settlement.
Route Mobile: As per Route Mobile's regulatory filing, the company has received shareholders' approval to raise Rs 2000 crore through security sales. The company has also approved increased limits of foreign portfolio investments by shareholders.
HDFC Bank: The private lending firm reported a consolidated net profit of Rs 9096 crore at an 18 percent increase for the quarter ending September 2021. In July-September 2021, the total consolidated income rose to Rs 41436.35 crore from Rs 38428.47 crore.
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Avenue Supermarts (Dmart): DMart chain's owner and operator, Avenue Supermarts has reported a consolidated profit of Rs 418 crore for the quarter ending in September 2021 as compared to the Rs 199 crore reported in the same period last year.