Stocks To Watch: HDFC Bank, BEML, HDFC


BEML has bagged orders from Ministry of Defence to supply high mobility vehicles valued at Rs 758 crore.

The domestic stock markets are likely to open on a flat note, after surging for ten sessions in a row, going by early indications from SGX Nifty trading. Trends on SGX Nifty indicate a flat start for the broader index in India, with a loss of 11 points. At 7:30 am, the Nifty futures were trading at 14,216, lower by 11 points on the Singapore Stock Exchange.

Here are few stocks to watch in Wednesday’s trade (January 6, 2021):

HDFC Bank

Total advances rose 4 per cent quarter-on-quarter to Rs 10.82 lakh crore in Q3 and 16 per cent on a year-on-year basis. The bank’s deposits rose 3 per cent quarter-on-quarter to Rs 12.7 lakh crore, up 19 per cent year-on-year. The bank’s CASA ratio stood at 43 per cent as on December 31, compared with 41.6 per cent in September.

HDFC

Newsbeep

HDFC, the country’s largest mortgage lender, will issue non-convertible debentures (NCDs) worth Rs 2,000 crore on private placement basis on January 7, with an option to retain oversubscription upto Rs 3,000 crore at a coupon rate of 6.83 per annum for a tenor of 10 years.

BEML

BEML has received orders from the Ministry of Defence for supply of high mobility vehicles at an approximate value of Rs 758 crore. These vehicles would play a key role in the logistics management of the Indian Army. The equipment will be manufactured at BEML’s Palakkad plant in Kerala and will be supplied to the Indian Army in a span of a year.

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