Stocks To Watch Today: ITC, HDFC Bank, Dabur, Kotak Mahindra Bank, Marico, Bajaj Housing Finance And More

ITC Ltd. will be in focus as the ex-date and record date for demerger its hospitality arm is on Monday. A slew of banks and FMCG companies that released their quarterly business updates including HDFC Bank Ltd., Bank of Baroda, Dabur India Ltd. and Marico Ltd. are also on investors radar in today's trade.

NTPC Green Energy Ltd. and DCX Systems Ltd. announced major order wins.

• ITC: The stock will go ex-trade for demerger. ITC Hotels will be demerged from the parent company.

• HDFC Bank: The lender's third-quarter update revealed a strong performance across key metrics. Total advances grew by 3% year-on-year reaching Rs 25.42 lakh crore. Total deposits saw a significant increase of 15.8% YoY, rising to Rs 25.63 lakh crore. CASA deposits also grew by 4.4%, totaling Rs 8.72 lakh crore.

• Dabur India: The company’s consolidated revenue is expected to register a low single-digit growth in the third quarter, anticipating a flattish operating profit growth.

• Bank of Baroda: Total domestic deposits rose 9.23% year-on-year to Rs 11.66 lakh crore, while global advances grew 11.65% to Rs 11.71 lakh crore.

• Kotak Mahindra Bank: Milind Nagnur, chief operating officer and chief technology officer resigned, effective from the close of business hours on Feb. 15.

• Brigade Enterprises: The company signed a definitive agreement for a prime land parcel located in Bengaluru for developing a residential project spanning about 20 acres. The project will have a total saleable area of approximately 2.5 million square feet with a GDV of about Rs 2,700 crore and a total land cost of about Rs 630 crore through its subsidiary Ananthay Properties.

• Marico: The company’s consolidated business delivered mid-teen revenue growth. Similarly, international business delivered broad based mid-teen constant currency growth, and is expecting modest operating profit growth on a year-on-year basis.

• Bank of India: The lender reported a 13.3% year-on-year growth in total domestic deposits, which stood at Rs 6.8 lakh crore. Similarly, total domestic advances grew by 15% year-on-year, reaching Rs 5.5 lakh crore as against Rs 4.8 lakh crore in the previous year.

• DCX Systems: The company received export purchase order worth Rs 483 crores from Israel's ELTA Systems to manufacture and supply of close-in weapon system.

• Bajaj Housing Finance: The company reported assets under management grew by 26% year-on-year to approximately Rs 1.08 lakh crore. The loan assets stood at approximately Rs 95,550 crore.

• L&T Finance: The company saw a 23% year-on-year rise in its retail loan book to Rs 92,200 crore. Retail disbursements jumped 4% to Rs 15,170 crore. The maximum loans were issued under the urban finance segment at Rs 6,520 crore.

• NTPC Green Energy: The company secured a 1000 MW project in UPPCL’s solar power project auction at a tariff of Rs 2.56 per kWh.