Stocks To Watch: Jio Financial Services, Trident, Hindustan Zinc, VIP Ind, Oberoi Realty & More

The top 10 stocks to watch today Monday, November 20th include popular stocks like Jio Financial Services, ESAF SFB, Oberoi Realty, Trident, and VIP Industries. These stocks are probably on the radar of market observers and might lead to price movements that could stimulate day trading.

Jio Financial Services

Shri Sethuraman Kandasamy, Shri Jagannatha Kumar Venkata Gollapalli and Ms Jayashri Rajesh have resigned as directors of the company effective from the end of business hours of November 17, 2023.

Oberoi Realty

The company has executed an Agreement for Sale with Ireo Residences Company Private Limited and others for acquiring land measuring approximately 14.816 Acres equivalent to 59,956.20 square meters at Sector 58, Gurugram, Haryana.

Subject to the terms and conditions of the aforementioned agreement, the consideration for the transaction is in the form of event- or time-linked monetary payment of up to Rs. 597 Crore, as well as up to a specific area in the project for current homeowners and others. According to the present regulations, rules, and policies, the company's entitlement from the project at full potential is now anticipated to be up to ~2.6 million square feet of FAR.

VIP Industries

Mr. Ajit Kolhe, Head- IT & Systems of V.I.P. Industries Limited vide letter dated 17th November 2023 tendered his resignation.

Oriental Rail Infrastructure

Oriental Rail Infrastructure Limited has secured orders worth Rs. 7,27,87,849.88/- from 'Rail Coach Factory (RCF), Kapurthala , Indian Railways for manufacturing and supplying 113 sets of 'Seat and Berths' for LHB SCN coaches. By April 10, 2024, the project shall be executed.

Zen Technologies

Zen Technologies Limited announces the receipt of an export order of around Rs 42 Crores (5.12 million USD). The company's expanding reputation and impact on the global marketplace are reflected in the order win. This friendly nation's order, which includes cutting-edge simulators, is evidence of the Indian government's attempts to boost defense exports and is in line with the country's goal of being a net defense exporter.

Dhanlaxmi Bank

As per a stock exchange filing, Shri. Nageswara Rao Chatradi has been appointed as additional director on the Board of the bank by the Reserve Bank of India, in place of Shri. Jayakumar Yarasi, for a period of two years from November 18, 2023 to November 17, 2025 or till further orders, whichever is earlier.

Hindustan Zinc

CRISIL Ratings ("CRISIL") vide release dated November 17, 2023 has re‐ affirmed the ratings with Long Term Rating - CRISIL AAA/Stable (Reaffirmed) and Short Term Rating - CRISIL A1+ (Reaffirmed) for total bank loan facilities, CRISIL AAA/Stable (Reaffirmed) for non-convertible debentures and CRISIL A1+ (Reaffirmed) for commercial paper.

Steel Exchange India

The board of directors of the company has approved the appointment of Mr. Mohit Sai Kumar Bandi (DIN: 07410118) additional director in the capacity of whole time director w.e.f. 18th November, 2023, subject to shareholder's approval.

Trident

For the September quarter of FY24, Trident Ltd. recorded a consolidated net profit of Rs 90.31 crore, up 141.5 per cent from Rs 37.39 crore in the same period of the previous fiscal year. According to a regulatory filing, the company's total sales jumped by 25% to Rs 17,97.52 crore in Q2FY24 from Rs 14,37.67 crore in Q2FY23. The company has successfully announced commercial production of Bed Linen & Co-Gen Project during the quarter. Its net debt stood at Rs 11,960 million as of 30th September 2023.

ESAF Small Finance Bank

With a robust spike from Rs. 57.58 Crore in Q2, 2022 to Rs. 140.12 Crore in Q2, 2023, the bank's quarterly net profit jumped by 143.35%. From Rs. 210.83 crore for Q2 of 2022 to Rs. 289.65 crore for Q2 of 2023, its quarterly operating profit jumped by 37.39%. Net NPA was 1.19% and Gross NPA was 2.64% during the quarter. The total business jumped from Q-o-Q Rs. 26,284 crore to Rs. 34,906 crore in Q2, 2022, a 32.81% growth. AUM has reached Rs. 17,490 crore, up 37.03% from the previous quarter.

From Rs. 13520 Crore in Q2, 2022 to Rs. 17416 Crore in Q2, 2023, the bank's deposits jumped by 28.82% QoQ. The bank's CRAR as of Q2, 2023, was 20.57%. HY Sep 2023's annualised ROE was 29.31%. According to the bank, in Q2 of 2023, its quarterly net interest income climbed to Rs. 596.50 Crore, up from Rs. 437.27 Core in Q2 of 2022. As of September 30, 2023, gross non-performing assets accounted for 2.64% of gross advances, compared to 8.11% in the same quarter in 2022. As of September 30, 2022, net non-performing assets accounted for 1.19% of net advances, compared to 4.34% in Q2FY23.