Top stocks to watch — Avenue Supermarts, Jet Airways, RIL, Airtel, Vodafone-Idea, Tata Communications, HDFC Bank and others

• The SGX Nifty was trading 0.64% higher at 7:51 am, indicating a positive start for Nifty50.
• Here’s a list of stocks to watch for in trade today.
• Check out the latest news and updates on Business Insider.

Amidst positive cues from the Asian markets, the Indian equities are likely to open in green on Monday. The SGX Nifty was trading 0.64% higher at 7:51 am, indicating a positive start for Nifty50.

The Hang Seng Index was trading at 1.24% higher at 7:45; even markets in Australia and Shanghai were trading in the green.

These are the stocks to watch out for during the trading session on October 16:

HDFC Bank

India’s largest private sector lender, HDFC Bank, reported an 18.4% year-on-year (y-o-y) growth in profit at ₹7,513.11 crore for the quarter ended September 30. The bank’s net interest income (NII) grew by 16.7% to ₹15,774.4 crore in the quarter and other income, comprising fee and commission, grew 27.9% to reach ₹6,092 crore.

The shares of HDFC Bank ended 2.92% higher on Friday.

Avenue Supermarts

Radhakishan Damani’s Avenue Supermarts retail chain D-Mart reported a 38.5% (Y-o-Y) decline in its consolidated profit for the second quarter. However, the profit grew by five-fold compared to the sequentially quarter amid easing of lockdown restrictions. The revenue during the quarter also fell 11.4% to ₹5,306.2 crore.

The shares of Avenue Supermarts ended over 0.52% higher on Friday.

Tata Communications

Tata Communications posted an around seven-fold jump in its consolidated net profit to ₹384.81 crore for the second quarter ended September 30. The company’s consolidated revenue grew 4.5% to ₹4,477.18 crore during the quarter, the company said in a BSE filing.

The shares of Tata Communications ended 5% higher on Friday.

Jet Airways

Cash-strapped Jet Airways on Saturday approved the resolution plan submitted by London-based Kalrock Capital and UAE-based businessmen Murari Lal Jalan to acquire the airline.

The shares of Jet Airways ended 5% higher on Friday.

RIL, Airtel and Vodafone-Idea

In July, Mukesh Ambani led Reliance Jio added over 2.5 million active subscribers, while its rivals Airtel lost 0.4 million and Vodafone-Idea lost over 3.8 million active users, based on TRAI report.

The shares of RIL ended 1.2% lower on Friday, whereas Airtel and Vodafone-Idea closed nearly a percent higher.

Britannia Industries, HDFC Life Insurance Company, L&T Technology Services and ACC

Britannia Industries, HDFC Life Insurance Company, L&T Technology Services, ACC and few other companies are slated to report their quarterly earnings today.

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