Stocks to watch: HDFC Bank, Future Retail, Adani Green, Macrotech Developers, ICICI Prudential, Agro Tech Foods

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Here is the list of top stocks that could be in focus on April 19.

Future Retail: Lenders of the debt-ridden Future Retail Ltd have approved a plan to restructure the existing financial debt of the company under an RBI announced resolution framework for COVID-19 related stress.

HDFC Bank: HDFC Bank on Saturday posted 18.17% year-on-year (YoY) growth in standalone net profit at Rs 8,186.51 crore for the quarter ended March 31. It had reported a profit of Rs 6,927.69 crore in the same quarter last year. Net interest income of the lender increased by 12.60% YoY to Rs 17,120.15 crore, driven by advances growth of 14%, and a core net interest margin of 4.2%.

Adani Green Energy: The company’s arm AREHFifteenL has bagged a 150 MWac solar energy project capacity from Torrent Power.  Adani Renewable Energy Holding Fifteen Ltd (AREHFifteenL), a wholly-owned subsidiary of Adani Green Energy Ltd (AGEL), participated in a Tender issued by Torrent Power Ltd for procurement of power through competitive bidding process, from grid connected solar photovoltaic power projects to be setup in Gujarat.

Earnings today: ACC, Bajaj Consumer Care, Crisil and ICICI Prudential Life Insurance are slated to announce their March quarter earnings on Monday.

Agro Tech Foods: Rekha Rakesh Jhunjhunwala raised stake in Agro Tech Foods to 3.49% in March quarter 2021, from 3.28% stake in December quarter 2020.

Bharti Airtel: The Government of Ghana, Bharti Airtel (Airtel) and Millicom International Cellular S.A. (Millicom) (through their respective subsidiaries), on Friday announced that they have executed the definitive agreement for the transfer of ‘AirtelTigo’ (Airtel Ghana Limited and Millicom Ghana Limited) to the Government of Ghana on a going concern basis.

In the proposed agreement, the Government of Ghana will acquire 100% shares of AirtelTigo along with all customers, assets and liabilities. Basis the agreement, the transaction will entail a seamless takeover by the Government of Ghana post which AirtelTigo would become and operate as a State entity.

Macrotech Developers: Shares of Macrotech Developers (earlier known as Lodha Developers) will debut on the bourses today, 19 April 2021. The issue price has been fixed at Rs 486 per share and the company raised Rs 2,500 crore through its public issue.

Mindtree: Mindtree reported a 2.8% decline in consolidated net profit to Rs 317.30 crore on 4.2% increase in revenues to Rs 2,109.30 crore in Q4 March 2021 over Q3 December 2020.

In dollar terms, the company posted a decline of 1.9% in consolidated net profit to $43.3 million on a 5.2% increase in revenues to $288.2 million in Q4 FY21 over Q3 FY21.

Kolte-Patil Developers: The company announced sales volume of 0.85 million square feet (msf) in Q4FY21 against 0.67 msf in Q4FY20. Realisation per square feet increased to Rs 5,988 from Rs 5,333 in same period.

KEC International: The firm has signed project/ novation agreements with Warora-Kurnool Transmission Limited (WKTL), a subsidiary of Adani Transmission Limited (ATL) for Rs. 477 crores to complete the balance work of the Transmission lines in the states of Andhra Pradesh, Maharashtra and Telangana and release of the earlier dues of this project.