Stocks to watch, April 20: ICICI Bank, HDFC Bank, YES Bank, NELCO, Groww, UltraTech

The lender, which witnessed the surprise resignation of non-executive chairman Atanu Chakraborty over governance and ethics-related concerns recently, reported a 9.11% jump in the standalone net profit to ₹19,221.05 crore for the January-March period compared to the year-ago period.

The bank's chief executive and managing director, Sashi Jagdishan, refrained from making any further comments on the Chakraborty resignation saga, pointing to the pending report from an external legal agency.

On the asset quality front, the bank reported an improvement in the gross non-performing assets ratio at 1.15% as against 1.24% in the quarter-ago period.

The overall provisions declined to ₹2,610 crore from ₹3,193 crore logged in the March 2025 quarter.

NSE filings showed that ICICI Bank’s net interest income (NII) for the fourth quarter rose by 1.99% to ₹43,275 crore, compared year-on-year (YoY) with ₹42,430 crore in the same period a year earlier.

The standalone statements also showed that the earnings per share (EPS) extended to 19.15 in the March quarter, compared to 17.87 in the same quarter of the previous fiscal year.

Although the lender’s retail banking segment witnessed a marginal decline to ₹40,608 crore, compared to ₹40,617 crore, the wholesale banking portion fuelled the revenue gains for the quarter, rising 7.3% to ₹23,115 crore in the March quarter, compared with ₹21,536 crore in the same period a year ago.

Along with its overseas capacity of 5.4 mtpa, the company’s global capacity stands at 205.5 mtpa.

It ranks as the world’s largest cement company by sales volume and is also the largest single-country cement manufacturer globally (excluding China).

For the financial year 2025-26, the bank's net profit climbed 45% to ₹3,476 crore.

The bank's provisions for bad loans declined 41% annually to ₹188 crore from ₹318 crore in the year ago period.

YES Bank's net interest income, or the difference between interest earned on loans and expended on deposits, advanced 16% to ₹2,638 crore as against ₹2,276 crore.

The bank’s net interest margin (NIM) for Q4FY26 came in at 2.7%, up 20 basis points (bps) year on year (Y-o-Y) and up 10 bps quarter on quarter (Q-o-Q), aided by a lower cost of deposits and a reduction in balances of PSL shortfall deposits. For FY26 NIM came in at 2.6%, up 20 bps year-on-year.

In its press release, the PIB said that the Union Cabinet, chaired by Prime Minister Shri Narendra Modi, on Saturday, April 18, approved the continuation of Pradhan Mantri Gram Sadak Yojana-III (PMGSY-III) beyond March 2025, up to March 2028.

It involves consolidation of through routes and major rural links connecting habitations to Gramin Agricultural Markets (GRAMs), higher secondary schools, and hospitals.

Urging for government intervention, he said the lack of regulatory support could stall growth and innovation in the sector and make it difficult to meet the promises.

“I think the beer industry is in major trouble right now because of the war and the financial impact it has on input costs and the inability to take pricing without government approval,” Gupta told PTI.

The government has to come forward and support the domestic beer industry; otherwise, it will stall innovation. The impact on beer is disproportionately higher than any other industry, he said.

In the corresponding period of the previous fiscal year, its profit was ₹316.11 crore, it said in a regulatory filing.

IEX: Shares will be in focus as the Central Electricity Regulatory Commission (CERC) follows the latest release on power market regulations. The CERC's latest draft on power market regulations includes a formal framework for market coupling.

As per the draft, Grid India will act as the market coupling operator (MCO), which will aggregate bids from all exchanges. The MCO will then determine a uniform market clearing price for the system.

While power exchanges will continue to collect bids, they will not determine the prices post-coupling, as per the draft release.

Shyam Metalics and Energy: The company said that certain investments amounting to ₹159.51 crore have been provisionally attached under the provisions of the Prevention of Money Laundering Act, 2002 (“PMLA”) in connection with an ongoing investigation relating to alleged illegal coal mining and pilferage in the leasehold areas of Eastern Coalfields Limited (ECL).

Out of this, ₹152.48 crore relates to investments in corporate bonds and alternate investment funds by Shyam Sel and Power Limited (SSPL), a wholly owned subsidiary of the company.

Oil prices rose in early trading Sunday as a standoff between Iran and the US prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies.

The price of US crude oil increased 6.4% to $87.88 per barrel after trading resumed on the Chicago Mercantile Exchange. The price of Brent crude, the international standard, climbed 6.5% to $96.25 per barrel.

The market reaction followed more than two days of growing hopes and dashed expectations involving the Strait. Iran, which effectively controls the passage, said Friday that it would fully reopen the passage off its coast to commercial traffic. Crude prices plunged more than 9% on the news.

ITC has introduced unique protein-focused products across multiple categories, in which it has leveraged consumer insights, innovation, and traceable sourcing strengths to build a differentiated portfolio in the fast-growing health segment.

With consumer preferences shifting rapidly, ITC expects its health-focused portfolio to play a significant role in driving future growth, particularly in protein-based foods that address evolving dietary needs, he said.

The focus of the company is to democratise protein products and make them affordable for consumers.

"Health is one of the fastest-growing segments, and we are closely monitoring the emerging consumer needs in this space," Malik told PTI during an interaction.

Adani Airport City Ltd, a step-down wholly-owned subsidiary of the company, has set up Adani Navi Mumbai Airport City Ltd, Adani Guwahati Airport City Ltd, and Adani Ahmedabad Airport City Ltd.

The new entities will undertake real estate activities, including construction, along with hotels featuring integrated restaurants, banquets, and business centres, according to a regulatory filing by the company.

The newly incorporated entities "shall be engaged in the business of real estate activities with their own or leased property, construction of buildings carried out on their own account basis or on a fee or contract basis – hotels with integrated restaurants, banquets and business centres," it said.

With the integration, customers can initiate tax payments through the ICEGATE portal and complete transactions using banking platforms, IDFC First Bank said in a release.

The platform provides customers with real-time transaction confirmation and the ability to download challans instantly for record-keeping and reconciliation, it said.

"By going live on ICEGATE 2.0, we are enabling importers, exporters, and businesses to meet these obligations digitally with the same ease and reliability they expect across direct tax and GST payments," said Ashish Singh, Head of Retail Liabilities, IDFC FIRST Bank.

Manish Hemrajani, Head of Investor Relations, has also stepped down from his position.

The resignation of both executives is effective immediately, the filing stated.

In his resignation letter, Kumar stated that his decision to resign was based on his desire to pursue an entrepreneurial route.

The USFDA has concluded the inspection at our manufacturing facility located in Somerset, New Jersey, USA, Lupin said in a regulatory filing.

"The inspection was conducted from April 13, 2026, to April 17, 2026, and closed with the issuance of a Form-483 with three observations," it added.

The company further said, "We will address the observations and respond to the USFDA within the stipulated timeframe."

The company reported a net loss of ₹29.09 crore in the January-March quarter a year ago, according to a regulatory filing by Network18 Media, a subsidiary of billionaire Mukesh Ambani-led Reliance Industries Ltd.

Its consolidated revenue from operations rose by 9.7% to ₹615.78 crore in the March quarter compared to ₹561.32 crore in the corresponding quarter in the last fiscal.

Consolidated operating revenue for the quarter increased by 9.7% "despite the multiple headwinds in the macro environment". On a QoQ basis, the revenue grew 14.2%," said Network18 Media & Investments in its earnings statement.

The board has approved the appointment of Arun Kumar Kapoor, Heena Naishadh Bhatt, and Ashok Anant Paranjpe for five years after receiving shareholders' nod through a postal ballot.

As much as 99.49% of shareholders approved the appointments. After approval, the number of directors on the board has increased to six.

Earlier, Dish TV was unable to strengthen its board and have proper representation due to a boardroom tussle among the promoters.

It was subsequently fined by the BSE and the National Stock Exchange over composition and lack of quorum on its board, which was against the SEBI listing regulations.

The company had posted a net profit of ₹34.8 crore in the January-March period a year ago, according to a regulatory filing by Hathway Cable, owned by Reliance Industries Group, on late Friday.

Its revenue from operations increased 6.37% to ₹545.85 crore in the March quarter. It was ₹513.15 crore in the year-ago period.

Hathway's revenue from its cable TV business was ₹391.61 crore and ₹143.15 crore from broadband services in Q4 of FY26.

As part of the celebration of one of India's most auspicious festivals, customers will also stand a chance to win the Ola Sona, a limited-edition scooter with real 24-karat gold-plated elements, the company said in a statement.

Additionally, it is offering its Gen 3 S1 X (2 kWh) and Roadster X (2.5 kWh) at just ₹49,999, along with benefits of up to ₹50,000 across the portfolio, only valid on April 18 and 19 this year, it added.