Stocks to watch today: Adani Group, HDFC Bank, Bharti Airtel, Poonawalla Fincorp and others

Stocks to keep an eye on today: Friday’s trading will centre on shares of companies like Adani Group, HDFC Bank, NTPC, Nykaa, Titan, and others.

According to trends on SGX Nifty in early trade, the domestic equity market benchmarks BSE Sensex and NSE Nifty 50 were set to open in the red on Friday. Nifty futures were down 32.5 points, or 0.19 percent, at 17,283.5 levels on the Singapore Exchange. The BSE Sensex closed the previous session 157 points or 0.3% higher at 58,222, and the NSE Nifty 50 increased by 58 points or 0.3% to close at 17,332. Analysts anticipate that Nifty will consolidate in the 17,200–17,400 range before moving towards 17,600–17,700.

The top 10 equities that will be the focus of today’s attention are listed below:

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Poonawalla Fincorp

Poonawalla Fincorp reported on Thursday that its consolidated disbursement for the second quarter of this fiscal year increased by 44% year over year and 8% sequentially to Rs 3,720 crore. Compared to 80% in Q1FY23, organic disbursement represented approximately 97% of the total disbursements.

Adani Group 

As a result of the implementation of the National Master Plan for Multi-Modal Connectivity, the Adani Group, with headquarters in Ahmedabad, plans to expand its logistic business by opening six additional Multi-Modal Logistics Parks (MMLPs) over the course of the next two years in five states, including Uttar Pradesh, Haryana, Rajasthan, Gujarat, and Telangana.

HDFC Bank

The private lender has finished more than half of the digital transformation work it started more than two years ago, and tech spending as a percentage of income has reached its peak. It should be recalled that the RBI took an unprecedented punitive step against the biggest private sector lender in response to concerns on the digital front.

Britannia Industries

In order to establish a manufacturing base and increase sales in the African markets, the top bakery foods company purchased a controlling stake in Kenya-based Kenafric Biscuits. A 51% equity position has been bought by Britannia and Associates Dubai (BADCO), a fully owned subsidiary of Britannia.

Ujjivan Small Finance Bank

At the end of September 2022, the private lender’s gross loan book increased by 44% to Rs 20,938 crore, led by microloans, affordable housing, and personal borrowings. According to the bank, advances increased by 22% from Rs 14,514 crore in September 2021 as a result of consistent rise in distribution.

Future Restail

Expressions of Interest (EoIs) from potential buyers are being accepted through October 20 as part of Future Retail’s (FRL) ongoing bankruptcy procedures, according to the resolution expert.

Ujjivan Small Finance Bank

At the end of September 2022, Ujjivan Small Finance Bank’s gross loan book had increased by 44% to Rs 20,938 crore, driven by microloans, loans for affordable housing, and personal borrowings.

Bharti Airtel

In 8 important Indian cities, Bharti Airtel has introduced Airtel 5G Plus. Customers with 5G smart phones will be able to use Airtel 5G Plus at fast speeds on their current data plans until the rollout is more widespread, according to the firm.

Titan Company 

Titan Company added 105 locations in the second quarter of FY23, resulting in an 18% increase in revenues. The majority of the company’s companies experienced solid double-digit growth, and overall sales increased by 18% year over year.

HCL Technologies

The strategic cooperation between HCL Technologies and Google Cloud has been expanded to speed up digital services for businesses.