HomeMarket InsiderStocks to Watch Today: Infosys, HDFC Bank, Zee Ent, GTPL Hathway, Max...

Stocks to Watch Today: Infosys, HDFC Bank, Zee Ent, GTPL Hathway, Max Health

Today’s SGX Nifty forecasts a dismal start for the Sensex and Nifty. US market cues remained negative, with the Dow Jones, S&P 500, and Nasdaq all finishing in the red on Friday. Markets in India maintained their upward trend and closed the holiday-shortened week higher on Thursday. The Sensex and Nifty have already gained more than 5% from their March lows.

Today’s top stocks to watch are Infosys, HDFC Bank, Zed Entertainment, GTPL Hathway, and Max Health, among others.

Infosys’ Q4 sales growth in constant currency terms was 3.2% lower than the previous quarter, while revenue in dollar terms was 2.2% lower. The company’s net profit for the fourth quarter was Rs 6,128 crore, compared to a CNBC-TV18 poll of Rs 6,553 crore.

HDFC Bank: Private lender HDFC Bank announced a great performance in its fourth-quarter profits on Saturday. The bank’s net profit for the fourth quarter was Rs 12,047 crore, up from Rs 10,055 crore at the same time last year. The bank’s operational profit was Rs 18,621 crore, up from Rs 16,357 crore the previous year.

Zed Ent: Shares of Zed Ent will be in focus today as Oppenheimer is set to sell a 5.6% interest in the company in a block sale at an average price of Rs 199.8-208.15 per share, according to CNBC-TV18, citing sources. The total value of the transaction is Rs 1,130 crore.

GTPL Hathway: GTPL Hathway posted a disappointing set of Q4 figures, with sales increasing 13% year on year to Rs 6,925 crore from Rs 6,104 crore in the same period last year, but the business recorded a loss of Rs 107 crore compared to a profit of Rs 566 crore.

Max Health: Shares of Max Healthcare will be under scrutiny today after the business announced the acquisition of an additional 34% stake in Eqova Healthcare for Rs 69 crore.

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