Top Stocks to Watch: Airtel, Sun Pharma, Adani Power, YES Bank, ICICI Bank, and More on Key Q2 Results and Major Deals

Indian markets dipped nearly 1% on Friday, breaking a two-day upward pause. As trading kicks off today, several major companies, including Airtel, Sun Pharma, Adani Power, IDFC First Bank, YES Bank, ICICI Bank, and ITD Cementation are under the spotlight for recent developments and Q2 results.

Earnings in Focus Today

• Airtel, Sun Pharma, Adani Power, IOC, Ambuja, PNB, Suzlon, Tata Tech, BHEL, and RailTel will report their Q2 earnings today, likely drawing investor interest.

Key Quarterly Results

• IDFC First Bank: Reported a sharp 73% year-over-year decline in net profit to ₹201 crore.
• REC: Saw a 6.5% rise in Q2 profit, reporting ₹4,038 crore.
• ICICI Bank: Achieved a 14.5% increase in Q2 net profit, reaching ₹11,746 crore.
• YES Bank: Posted a remarkable 145% profit jump to ₹553 crore.
• Titagarh Rail: Recorded a Q2 profit of ₹80.7 crore on revenue of ₹1,057 crore.
• Coal India: Reported a 22% drop in consolidated profit to ₹6,275 crore due to lower sales.
• Macrotech Developers (Lodha): Nearly doubled its profit with a 98% increase, reaching ₹422 crore.
• DLF: Reported a substantial 122% jump in profit to ₹1,381 crore.

Notable Developments

• Sky Gold: Approved a major 9:1 bonus share issue, meaning shareholders will receive nine additional shares per share held.
• BPCL: Entered a joint venture with Oil India to develop city gas distribution in Arunachal Pradesh.
• ITD Cementation: Adani Group eyes a 73% stake in ITD Cementation India for ₹5,759 crore, aiming to expand its in-house construction capabilities.
• Suven Pharma: Received NCLT approval for merging with Casper Pharma.

As companies release their Q2 results and make strategic moves, these updates could set the tone for the trading day.