Stocks To Watch: ICICI Bank, RIL, Tata Consumer, Gland Pharma, Tech Mahindra, Colgate

Losses in metals, healthcare and information technology stocks dragged the markets down on Friday. The S&P BSE Sensex index shed 0.17% to 60,821.62. The NSE Nifty 50 Index fell 0.35% to 18,114.90. Both the benchmarks slipped as much as 0.75% in intraday trade. For the week, Sensex declined 0.79% and Nifty shed over 1%.

Here are the stocks to watch in trade today:

ICICI Bank Q2FY22

• Net profit up 29.6% at Rs 5,510.95 crore Vs Rs 4,251.33 crore (YoY)

• Net interest income up 24.8% at Rs 11,689.7 crore Vs Rs 9,366 crore (YoY)

• Gross NPA ratio at 4.82% Vs 5.15% (QoQ)

• Net NPA ratio at 0.99% Vs 1.16% (QoQ)

RIL Q2FY22 (Consolidated, QoQ)

• Revenue up 20% at Rs 1,67,611 crore Vs Rs 1,39,949 crore

• Net profit up 11.50% at Rs 13,680 crore Vs Rs 12,273 crore

Reliance Retail Q2FY22 (Consolidated, QoQ)

• Revenue up 19% to Rs 39,926 crore Vs Rs 33,566 crore

• Net profit up 76% to Rs 1,695 crore Vs Rs 962 crore

• Ebitda up 50% at Rs 2,913 crore Vs Rs 1,941 crore

• Margins at 7.3% Vs 5.8%

Gland Pharma Q2FY22 (Consolidated, YoY)

• Revenue up 30% at Rs 1,080.46 crore Vs Rs 831.50 crore

• Net profit up 38% at Rs 302.08 crore Vs Rs 218.85 crore

• Ebitda up 27% at Rs 376.59 crore Vs Rs 297.64 crore

• Margin at 34.9% Vs 35.8%

Tata Consumer Products Q2FY22 (Consolidated, QoQ)

• Revenue up 1% at Rs 3,033.12 crore Vs Rs 3,008.46 crore (BBG estimate: Rs 3,092.8 crore)

• Net profit up 9% to Rs 261.39 crore Vs Rs 240.65 crore (BBG estimate: Rs 284.87 crore)

• Ebitda up 3% to Rs 413.3 crore Vs Rs 399.5 crore (BBG estimate: Rs 429.29 crore)

• Margins at 13.6% Vs 13.3% (BBG estimate: 13.9%)

Tata Elxsi Q2FY22 (Consolidated, YoY)

• Revenue up 38% at Rs 595.33 crore Vs Rs 430.17 crore

• Net profit up 59% at Rs 125.33 crore Vs Rs 78.87 crore

• Ebitda up 56% at Rs 183.63 crore Vs Rs 118.04 crore

• Margin at 30.8% Vs 27.4%

Crompton Greaves Consumer Electricals Q2FY22 (Consolidated, YoY)

• Revenue up 14% at Rs 1,385.12 crore Vs Rs 1,213.19 crore

• Net profit up 12% at Rs 158.81 crore Vs Rs 141.68 crore

• Ebitda up 12% at Rs 214.11 crore Vs Rs 191.25 crore

• Margin at 15.5% Vs 15.8%

Stocks To Watch

SBI Cards and Payment Services: Board to meet on Oct. 28 to consider issuance of Rs 2,000 crore worth NCDs.

Petronet LNG: India to press Qatar for past LNG cargoes with contract renewal

Zee: India Court to Give Verdict on Zee-Invesco Case on Oct. 26

Nalco: The company’s Lean Slurry Project at Angul was inaugurated on October 20. The project will help in 100% utilization of ash generated at the company's captive power plant.

Earnings to watch: Tech Mahindra, Colgate-Palmolive (India), Indus Towers, Kansai Nerolac Paints, Aditya Birla Sun Life AMC, Coforge, CEAT, CSB Bank, Gujarat Mineral Development Corporation, HDFC Asset Management Company, Home First Finance Company India, ICRA, Jagran Prakashan, Newgen Software Technologies, Orient Cement, The Ramco Cements, SRF

Brokerage Radar

• Federal Bank raised to Accumulate at Dolat Capital

• JSW Steel raised to Buy at Edelweiss Capital; price target Rs 820

• PVR raised to Accumulate at Stewart & Mackertich Wealth Mgmt

• Biocon raised to Hold at Jefferies; price target Rs 305

• LIC Housing raised to Buy at Nirmal Bang; price target Rs 469

• HDFC Life cut to Neutral at JPMorgan; price target Rs 700

Trading Tweaks

• Ex-Date Interim Dividend: L&T Infotech

• Record Date Rights Issue: Nxtdigital

• Record Date Special Dividend: INEOS Styrolution India

• Move Into Short-Term ASM Framework: Ugro Capital,

• Move Out Of Short-Term ASM Framework: Radico Khaitan, Nxtdigital, Inox Wind, Best Agrolife

• Move Out Of ASM Framework: Karda Constructions, Tata Steel Long Products, PNB Housing Finance, Adani Green Energy, Affle (India), Ashapura Minechem, Borosil Renewables, Hindustan Foods, Neuland Laboratories, Indo Rama Synthetics

• Price Band Revised From 10% To 5%: Paras Defence and Space Technologies

• Price Band Revised From 20% To 10%: Rail Vikas Nigam

• Price Band Revised From 5% To 10%: Godawari Power and Ispat