Bajaj Housing, HDFC Bank, Tata Consumer, and More: Key Stocks to Watch After Big Q2 Earnings

On Friday, domestic markets had a bumpy ride but still managed to close nearly half a percent higher, offering some relief after recent losses. For today’s trading session, stocks like Bajaj Housing, HDFC Bank, Kotak Bank, Jio Financial, and Tata Consumer will be in the spotlight, driven by news developments and Q2 earnings reports.

Stocks to Watch Today

1. Bajaj Housing & 360 One Wam

Both companies will release their second-quarter results today, making their shares ones to watch closely in the market.

2. HDFC Bank

HDFC Bank posted a 5% year-on-year (YoY) growth in Q2 profit, totaling ₹16,821 crore, surpassing market expectations.

3. Kotak Mahindra Bank

Kotak Bank also reported a 5% YoY increase in its Q2 standalone profit, reaching ₹3,344 crore compared to ₹3,191 crore in Q2FY24.

4. Tech Mahindra

Tech Mahindra announced a massive 153.1% YoY jump in its September quarter profit, totaling ₹1,250 crore. Revenue also saw a 3.5% rise to ₹13,313 crore.

5. RBL Bank

RBL Bank faced a 24% drop in profit after tax (PAT), reporting ₹223 crore for Q2. However, its net interest income (NII) grew by 9% YoY.

6. Reliance Infrastructure

Shareholders approved a plan for the company to raise ₹6,000 crore through a preferential share issue and qualified institutional placement (QIP).

7. REC

REC Ltd’s bankruptcy tribunal application against Global Metal & Energy was rejected, citing that the default occurred during Covid when insolvency proceedings were restricted.

8. Alembic Pharma

Alembic Pharma received FDA approval for its Diltiazem Hydrochloride extended-release capsules, used to treat high blood pressure and prevent chest pain.

9. Dalmia Bharat

The company reported a net profit of ₹49 crore in Q2, with revenue from operations at ₹3,087 crore.

10. MCX

MCX reported a net profit of ₹153 crore for the September quarter, with revenue from operations reaching ₹286 crore.

11. Star Cement

CEO Vinit Kumar Tiwari resigned from Star Cement, effective October 18.

12. IndiaMart

IndiaMart posted a net profit of ₹95 crore for Q2, with revenue from operations standing at ₹348 crore.

13. Jio Financial

Jio Financial Services reported a 3% increase in Q2 net profit, amounting to ₹689 crore, up from ₹668 crore a year ago.

14. Tata Consumer

Tata Consumer Products recorded an 8% rise in Q2 net profit, totaling ₹364 crore compared to ₹338 crore in the same period last year.

15. PG Electroplast

PG Electroplast’s board approved raising up to ₹1,500 crore via qualified institutional placement.

16. JM Financial

The Reserve Bank of India (RBI) lifted restrictions on JM Financial Products, a subsidiary of JM Financial.

17. L&T Finance

L&T Finance saw a 17% rise in its consolidated profit after tax, reaching ₹696 crore.

18. Garden Reach

Garden Reach received a letter of intent from the Ministry of Defence for a ₹491 crore project to build an acoustic research ship.

19. JSW Steel

JSW Steel will acquire 100% of Thyssenkrupp Electrical Steel India in partnership with Japan’s JFE Steel Corporation.

With these developments and results in mind, these stocks are set to capture significant attention in today’s trading session. Keep an eye on how these key players perform!