Watch these stocks during Friday's trade: HDFC Bank, Oberoi Realty, Jindal Steel & Power, among others, will be in focus

Stocks to Watch Today

Stocks in the auto, financial, FMCG, and HDFC groups supported the market. A 345 point jump in the BSE Sensex led to a 110.5 point gain in the Nifty50.

On July 18, watch HeidelbergCement India, Nelco, Bank of Maharashtra, Alok Industries, Ganesh Housing Corporation, Onward Technologies, Sudal Industries, and Tanfac Industries.

Results Today 

Its standalone profit grew 19% year-on-year to Rs 9,196 crore for the quarter ended June 2022, due in large part to a decrease in provisions for bad loans.

HDFC Bank 

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 Loans and deposits both increased by 22.5 percent, driving net interest income growth. To Rs 15,367.8 crore, pre-provision operating profit increased by 14.7%.

HDFC Bank 

A strong operating income drove the company's 1,401 percent year-on-year growth in consolidated profit for the quarter ended June 2022.

Bharat Electronics

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Due to the second C-19 wave, the base was low in the year-ago quarter. Compared to the same period last year, revenue in Q1 grew by 90.5 percent to Rs 3,140.6 crore.

Bharat Electronics

Last year, the company lost Rs 185.73 crore. This year, it earned Rs 155.7 crore. A 4.3 percent increase in net premium income was reported.

ICICI Prudential Life Insurance Company

In the quarter ended June 2022, the company lost Rs 48.3 crore as bond yields increased (135-150bps QoQ for 2-3 year AAA bonds). Operating revenue increased by 12.2% in Q1FY23.

Just Dial

From Rs 80.81 crore in Q1FY22 to Rs 403.48 crore in Q1FY23, profits increased fivefold. Revenue tripled to Rs 934.81 crore, and EBITDA nearly quadrupled.

Oberoi Realty

In Q1FY23, adjusted profits declined 23 percent despite lower operating profits. Q1FY23 net debt was reduced by Rs 1,149 crore from JPL's divestment.

Jindal Steel & Power

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Revenues increased 26 percent YoY to Rs 14,738 crore. One-off forex gains of Rs 446 crore.

Jindal Steel & Power

MedPlus Insurance Brokers is the company's wholly-owned subsidiary. All kinds of guarantee and indemnity business will be conducted through the subsidiary.

Medplus Health Services

For the quarter ended June 2022, the consolidated profit fell by 69 per cent year-on-year to Rs 12.71 crore. In Q1FY23, revenue fell 6.5% YoY to Rs 283.36 crore.

Den Networks