News

Hitesh Sethia, Jio Financial On CNBC-TV18: 

Lending Growth Has Been Primarily Around Mortgages, Also Corporate

Expenses Are A Function Of Accounting For Payments Bank As Well This Time

Focused On All Businesses Generating Operating Bottomline

Will Leverage The Balance Sheet, While We Will Invest In Key Businesses

Product Pipeline Is Very Strong For AMC

Aim To Expand The Distribution Channel For The AMC Biz

Low Penetration Offers Long Runway In Insurance Business

Work Is Under Way In Insurance, Will Make Announcements Post Binding Pact With Allianz

Advantage We Have Is Being A ‘AAA’ Rated Company

Our Cost Of Funds At 7% Is Among The Best In The Industry

We Are At The Conservative End Of The Risk Business

Ambarish Kenghe, Angel One On CNBC-TV18:

New Biz To Contribute 8-10% To Operating Profits In The Next Few Years

Saw A 48% Increase In  Orders MoM From Feb To March

Hope Macro Environment Changes For The Better

Don’t See STT Hikes  Impacting Volumes For Us

Futures Form A Small Portion Of Our Vols, Most Vols Come From Options & Cash

Expect To See A Bounceback In  Cash Market Share In April

Nifty is back below 23,300.

The top loser Jio Financial Services is down 3.5%.

Sterling & Wilson bags domestic orders worth around ₹3,550 Crore for development of a 875 MW (AC) grid connected Solar PV Project in Bikaner, Rajasthan.

The company also received an order for a 50 MW AC project in Maharashtra.

Popular Vehicles surges 13% on strong Q4 biz update impact.

BHEL rises over 2% after co posts 18% FY26 turnover growth.

ICICI Bank shares rise over 1%, while HDFC Bank down 1% post Q4 results

EMS shares buzzing in trade by nearly 10% on order win impact

Nifty is now above 24,350 inching towards 24,400, while Sensex is above 78,600.

Trent is the top Nifty gainer, up nearly 3%.

IEX shares fell up to 6% post the latest CERC release on power market regulations.

The latest draft includes a formal framework for market coupling.

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Nifty is at 24,296

Jio Fin, Hindalco, Tata Motors PV, HDFC Bank, BEL are the top Nifty losers.

Market opens higher, Nifty near 24,400

Rupee opens at 92.83 Vs USD

Rupee closed at 92.93 Vs USD on Friday

Ashok Atluri, Zen Tech On CNBC-TV18:

New Product Line Will  Not Be Very Capex Heavy

New Weapon Systems Will Create An Independent Revenue Line For The Co

Hardware Will Be An Integral Part Of Future Growth For The Co

Target 35% EBITDA Margin  For Hardware Products Biz

Can See A 50:50 Rev Split B/w Simulators & Anti-Drone Hardware Sys Going Forward

Aavas Fin: Sachinderpalsingh Jitendrasingh Bhinder Resigns As MD & CEO w.e.f April 20, 2026

Approves appointment of Manu Yeshpal Singh as MD & CEO

HDFC Bank shares are in focus on Monday, April 20, after the lender reported its fourth quarter earnings on Saturday.

Brokerages are constructive on the stock post its earnings with a ‘consensus buy’ from all 47 analysts who have coverage on the stock.

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Asian Paints has announced a second round of price hikes of 3-5%, effective May 5, with higher increases in solvent-based products. This takes the cumulative price hike to high-single-digit to double-digit levels, according to channel checks.

This follows an earlier 6-8% price increase implemented in April, as continued supply-chain disruptions have pushed up costs of raw materials, packaging and logistics.

Volumes are unlikely to be impacted, while improved realisations are expected to support sales growth and margins.

Despite elevated competition, pricing discipline across the sector appears intact.

Jefferies on L&T:

Buy rating, Target Price at Rs 4500

L&T has recovered most of share price losses since Iran-US-Israel conflict

Address three questions that are top of mind for investors –

1) L&T’s role in Middle East (ME) reconstruction opportunity

2) Impact of oil prices on global and India business

3) Margin impact of higher commodity/ logistics costs

Remain positive given expectations of medium-term double-digit growth & likely discussion on semiconductor investments with FY26 results.

JPM on RIL:

Overweight raitng. Target Price Rs 1675

RIL stock has given up recent outperformance on uncertainty related to nearterm O2C margins.

Yet, even as supply chains normalize, both refining and petchem margins for Reliance should turn out higher than earlier assumed.

At the very least, higher crude and a weaker rupee should drive upgrades to FY27 O2C EBITDA.

These can be large enough to compensate for any delays to the modeled increase in pricing at other businesses.

With relative valuations comfortable, maintain O/W

Nomura on Yes Bank:

Neutral rating, Target Price at Rs 21

4Q26: Improving fundamentals; core-ROAs still catching up

Broad-based strength across growth, margins and profitability

ROA at 0.95%; SR recoveries to moderate from FY26 levels

Levers for profitability at play, but core-ROA profile build up would take time

Strategic execution of new management is a key monitorable

Majority of the analysts that have coverage on ICICI Bank continue to maintain their optimistic stance after the lender reported its Q4 results on Saturday, which beat Street estimates.

Click here to know the five factors that analysts cite for their bullish view on the stock

MS on HDFC BanK:

Overweight rating, Target Price Rs 1025

PAT beat MSe by 4% as sharply lower provisions and lower operating costs offset slightly lower core revenue (2% below MSe).

Commentary was anchored on loan growth with LDR no longer a constraint.

Earnings resilience and attractive valuation make it one of key picks amid geopolitical risks.

CLSA on ICICI Bank:

Outperform, Target Price Rs 1,700

4QNII & PPOP were largely in line with estimates, while PBT was a 10% above due to negligible credit costs

Latter was driven by sharp recoveries from written-off accounts.

However, even excluding that, core asset quality was better than estimates

Key +ve was pickup in loan growth, up from 12% YoY last quarter to 16% YoY in 4QFY26

This should put to rest worries that ICICIB’s loan growth is slowing.

NIM was largely stable QoQ; a decent outcome in this environment.

Fee income remains sluggish as credit card spending is muted.

Lastly, asset quality continues to surprise positively with the gross/net slippage ratios improving 40bps/10bps YoY.

The lender’s Net Interest Income, or core income grew by 16% year-on-year to ₹2,637.7 crore from ₹2,276.3 crore last year. Net profit also grew by 44.8% from last year to ₹1,064.8 crore from ₹738 crore last year. Gross NPA improved to 1.3% from 1.5%, while Net NPA stood at 0.2% from 0.3% in the December quarter. Provisions though, increased on a sequential basis to ₹187.6 crore from ₹21.9 crore in the previous quarter.

The lender’s net profit grew 8.5% from the same quarter last year to ₹13,701.7 crore, higher than the CNBC-TV18 poll of ₹12,949 crore. Net Interest Income (NII) grew by 8.4% year-on-year to ₹22,979.2 crore from ₹21,193 crore. Core income was also marginally higher than the poll figure of ₹22,755 crore. Gross NPA improved to 1.4% from 1.53%, while Net NPA improved to 0.33% from 0.37% last quarter. Board has recommended a dividend of ₹12 per share.

India’s largest private lender reported net profit of ₹19,221 crore, marginally higher than the CNBC-TV18 poll of ₹19,024.8 crore. Net Interest Income stood at ₹33,081.5 crore compared to the CNBC-TV18 poll of ₹33,738 crore. Net profit on a year-on-year basis grew 9.1%, while Net Interest Income grew 3.2% from last year. Asset quality improved with Gross NPA at 1.15% from 1.24%, while Net NPA improved to 0.38% from 0.42% in the previous quarter. Provisions were largely flat sequentially.

GIFT Nifty is higher, trading at a premium of nearly 100 points from Nifty Futures Friday’s close, indicates a start in the green for the Indian market

The Nifty Bank has been a key factor behind the recovery seen on the Nifty from the recent lows.

That will again be the index to watch as HDFC Bank, ICICI Bank and Yes Bank, all react to their quarterly results that were reported on Saturday.

HDFC Bank had a subdued quarter, while ICICI Bank and Yes Bank reported a strong quarter.

24,000 has now become the most important level on the downside for the Nifty.

The index for now is comfortably above that but the bulls would hope that even if the market reacts negatively to the weekend developments, it does not fall below those levels.

On the upside, last week’s high of 24,400 will be an important one to watch for the Nifty.

All eyes will be on the GIFT Nifty as to how it reacts to all the developments that have taken place over the weekend.

The GIFT Nifty had surged as much as 400 points on Friday when Iran had declared the Strait of Hormuz to be open, only to shut it on Saturday.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.