STOCKS TO WATCH TODAY 17 JANURAY

HDFC Bank

The private sector lender reported a 34% year-on-year (YoY) growth in net profit for the December quarter to Rs 16,372 crore.

Indigo Paints

American investment firm Smallcap World Fund, Inc has sold partial stake in Indigo Paints through the open market on Tuesday for Rs 104 crore.

L&T Tech

Mid tier IT services company L&T Tech reported net profit of Rs 336 crore for the quarter ended December, which was up 13% compared with Rs 297 crore in the same quarter last year.

ICICI Lombard

ICICI Lombard reported net profit of Rs 431 crore for the quarter ended December, which was up 22% year-on-year.

Ultratech Cement

Ultratech Cement has incorporated a wholly-owned subsidiary viz Letein Valley Cement, which will carry on the business of mining of limestone and other raw materials, manufacture and sale of cement.

TV18 Broadcast

TV18 Broadcast reported a net loss of Rs 12 crore as against a profit of Rs 42 crore a year earlier. Revenue from operations declines 5% to Rs 1,676 crore.

PNC Infratech

PNC Infratech has received a letter of award (LoA) for a project worth Rs 1,174 crore from MP Road Development Corporation (MPRDC).

HDFC_Bank – LCR is at 110%

Key takeaway from result:
Credit-deposit ratio at 110%
LCR at 110%

Slippages at Rs7000cr (vs analyst est of Rs6300cr-Rs6500cr)
GNPA ratio at 1.26% vs 1.34%QOQ
Core fee income is weak despite strong loan growth; at Rs6940cr, up…