HomeMarket InsiderStocks To Watch Today: HDFC Bank, M&M Finance, Marico, Cyient, IndusInd Bank,...

Stocks To Watch Today: HDFC Bank, M&M Finance, Marico, Cyient, IndusInd Bank, Bandhan Bank

Today’s SGX Nifty forecasts a dismal start for the Sensex and Nifty. American market cues were also bearish, with the Dow Jones, S&P 500, and Nasdaq all ending the day with 0.5% gains. Markets in India were closed on Tuesday to commemorate Mahavir Jayanti. Analysts predict that the Nifty will find immediate support around 17,336 and immediate resistance at 17,424 today.

Today’s top stocks to watch are HDFC Bank, M&M Finance, Marico, Cyient, IndusInd Bank, and Bandhan Bank, among others.

HDFC Bank: Shares of HDFC Bank will be in focus today as the bank revealed in its Q4 business update that deposits increased 20.8% year over year to Rs 18,835 billion, up 8.6% quarter over quarter. The bank’s advances were Rs 16,005 billion, the highest level in four quarters.

M&M Finance: Shares of M&M Finance will be closely watched after the company said that disbursements and collections went well in Q4.The NBFC’s business assets were Rs 2,13,384 crore, up 17.4% year over year and 5.9% quarter over quarter.

Marico: Marico stock will be under focus today as the firm said that their India division had modest improvement in volume growth on an annual basis in Q4. The FMCG company’s consolidated sales increased in the low single digits year on year.

Cyient: Cyient shares will be scrutinised after changes to the company’s senior management. The company’s board of directors has nominated Krishna Bodanapu as Executive Vice Chairman and MD and Karthikeyan Natarajan as ED and CEO.

Other banks, such as IndusInd Bank, Suryoday SFB, South Indian Bank, Bandhan Bank, and AU SFB, will be scrutinised after their Q4 business reports.

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