Important results today: HDFC, PNB, RBL Bank, Varun Beverages among others

Orient Cement, Shree Renuka Sugars, and Varun Beverages will release quarterly earnings today.

Aug 02, 2021 09:08 IST India Infoline News Service

Quarterly Results
Quarterly results that are expected today include HDFC, Punjab National Bank, RBL Bank, Castrol India, CG Power and Industrial Solutions.

Emami, Ajmera Realty & Infra, Balaji Amines, Carborundum Universal, Nahar Spinning Mills, Orient Cement, Shree Renuka Sugars, and Varun Beverages will release quarterly earnings today.

According to the media reports, Housing Development Finance Corporation (HDFC) is likely to report a 6.4% yoy decline in net profit to Rs2,856cr for the quarter ended June due to disruption caused by the second wave of the COVID-19 pandemic.

The company is expected to report a growth of more than 38% yoy in net interest income to Rs4,115cr, the media reports added.

RBL Bank net interest income (NII) is expected to decline by more than 9% yoy and profit is expected to decline by 38.5% yoy, the media reports added.

Stock view:

Housing Development Finance Corporation Ltd is currently trading at Rs2,469.90 up by Rs29.15 or 1.19% from its previous closing of Rs2,440.75 on the BSE.

Punjab National Bank is currently trading at Rs39.90 up by Rs0.4 or 1.01% from its previous closing of Rs39.50 on the BSE.

RBL Bank Ltd is currently trading at Rs192.85 down by Rs0.1 or 0.05% from its previous closing of Rs192.95 on the BSE.

Castrol India Ltd is currently trading at Rs139.60 up by Rs1.3 or 0.94% from its previous closing of Rs138.30 on the BSE.

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