Stocks to Watch: HDFC Bank, Kotak Bank, Tata Motors, Apollo Tyres, IIFL Finance

Kotak Mahindra Bank intends to raise capital through the offer of 4% advertiser stake worth ₹8,000 crores, as per a Mint report
S&P Global Ratings has confirmed the rating of BBB-for ICICI Bank and overhauled its viewpoint from stable to negative
Here is a rundown of top 10 stocks that might be in the center around Monday:
Kotak Mahindra Bank: The private moneylender intends to raise capital through an offer of 4% advertiser stake worth ₹8,000 crores, as indicated by a Mint report. The stake deal won’t just assistance the bank’s organizer and (CEO) Uday Kotak bring down his stake to 26% to conform to administrative standards yet additionally expand the bank’s capital ampleness.
HDFC Bank: The private loan specialist on Saturday revealed a 17.7% year-on-year (YoY) ascend in its net benefit to ₹6,927.6 crores for the quarter finished March drove by higher net premium salary (NII) and other pay. The bank’s benefit, nonetheless, was lower than ₹7,253.8 crores assessed by eight investigators surveyed by Bloomberg because of the multiplying of arrangements to ₹3,784.4 in the wake of the coronavirus episode.
Goodbye Motors: The auto significant’s extravagance vehicle brand Jaguar Land Rover’s deals declined a sharp 30.9% year-on-year (YoY) to 109,869 units in the quarter finished March, inferable from the coronavirus pandemic. The deals were down 12.1% YoY at 508,659 units in fiscal 2020.
Motherson Sumi: Fitch Ratings has reaffirmed the rating of AAA to the auto part producer’s non-convertible debentures (NCDs) worth ₹500 crore and put the obligation instrument under rating watch negative (RWA).
ICICI Bank: S&P Global Ratings has confirmed the rating of BBB-for the private moneylender and changed its viewpoint from stable to negative.
Happy Life Sciences: The organization, reseller’s exchange hours on Friday, said it has given business paper (CP) worth ₹100 crores at a yearly financing cost of 7%.
Apollo Tires: The tire creator’s board on Friday affirmed raising ₹1,000 crore through the issuance of NCDs, in at least one tranches. The raising money is dependent upon endorsement from controllers and investors.
Lakshmi Vilas Bank: JM Financial Ltd purchased a 2.78% stake in the bank in the March quarter and SREI Infrastructure Finance Ltd raised its stake to 3.34% from 1.92%, as indicated by the private loan specialist’s shareholding design advised to stock trades on Friday.
IIFL Finance: Crisil has reaffirmed the rating of CRISIL AA with a steady viewpoint to the organization’s long haul appraised bank credit offices worth ₹2,000 crores.
Muthoot Finance: S&P Global Ratings has insisted the rating of BB/B and changed its standpoint to negative from stable for the non-banking account organization (NBFC).