Top Stocks to Watch: HDFC Bank, Titan, IndusInd, REC & Godrej Properties

Market Focus: Key Stocks Making Headlines Today

Today’s trading session is set to shine a spotlight on several prominent stocks as they report impressive growth metrics and significant market developments. Below is a detailed look at these key players:

HDFC Bank’s Remarkable Deposit Growth

HDFC Bank has shown a commendable performance in Q2FY25, reporting a deposit growth exceeding ₹1.2 trillion. This growth surpassed analysts’ expectations, as deposits rose by 5.1% sequentially, bringing the total deposit base to an impressive ₹25 trillion. Year-on-year, this reflects a substantial increase of 15.1%. Furthermore, the bank’s gross advances reached ₹25.19 trillion, marking a 7% increase from the previous year. Following its merger with HDFC, HDFC Bank aims to improve its loan-to-deposit ratio, an essential measure for ensuring financial stability. Analysts also predict that HDFC Bank will witness significant foreign investment inflows due to an anticipated increase in its weight within the MSCI indices, potentially attracting over $1.8 billion.

Titan’s Strong Performance in Jewellery

Titan has reported a robust growth trajectory, particularly in its jewellery sector, where domestic operations surged nearly 25% year-on-year. This growth has been largely influenced by a spike in consumer demand, especially after the reduction in customs duty on gold imports. While the non-solitaire segment experienced high double-digit growth, the solitaire category faced challenges due to price volatility and supply constraints. Additionally, Titan’s Watches and Wearables division grew by 19% YoY, and the EyeCare segment saw a 6% increase in domestic sales. Taneira, Titan’s ethnic wear brand, also recorded an 11% growth in revenue year-over-year, underscoring the diverse strengths of the brand.

IndusInd Bank’s Steady Rise

IndusInd Bank showcased a solid performance with a 13% year-on-year increase in net advances, which reached ₹3.56 lakh crore. This reflects a sequential growth of 3%. In terms of deposits, IndusInd Bank experienced a 15% YoY increase, totaling ₹4.12 lakh crore, with a quarterly growth of 4% since June. However, it is notable that the CASA (Current Account Savings Account) ratio saw a slight decline, dropping to 35.9% from 39.4% YoY and 36.7% from the last quarter, indicating a need for strategic focus on improving low-cost deposits.

REC’s Commitment to Renewable Energy

REC has made significant strides in financing renewable energy projects, reporting loan disbursements of ₹90,955 crore in H1FY25. This achievement marks a remarkable 20.1% year-on-year increase, demonstrating REC’s commitment to sustainable financing. Notably, green loans accounted for 13% of total loans disbursed in Q2FY25, aligning with global trends towards environmental responsibility.

Bank of Maharashtra Amid Rising Shareholding

Bank of Maharashtra has seen an increase in the shareholding of the Life Insurance Corporation of India (LIC), which rose from 4.05% to 7.10% after a Qualified Institutional Placement (QIP). LIC’s acquisition of 3.376% equity at an average price of ₹57.36 indicates strong institutional confidence in the bank’s potential for growth and stability.

Federal Bank’s Solid Growth in Deposits

Federal Bank has reported a 15.6% year-on-year growth in total deposits, now standing at ₹2.69 lakh crore. Advances also showed a robust performance, rising by 19.3% YoY and reaching ₹2.33 lakh crore, up 4.3% sequentially. However, the CASA ratio has slightly declined to 30%, down from 31.17% in the previous year. This trend may require further exploration to optimize banking operations.

Godrej Properties Achieves Strong Sales Performance

Godrej Properties has excelled in its sales performance, recording bookings exceeding ₹13,800 crore in H1FY25. The company has set an ambitious target of ₹27,500 crore in sales for FY25, driven by strong demand in the premium housing market, highlighting the vibrant real estate climate.

Macrotech Developers Achieves Record Pre-sales

Macrotech Developers achieved remarkable success with record pre-sales amounting to ₹4,290 crore in Q2FY25, representing a 21% year-on-year increase. Additionally, the company reported collections of ₹3,070 crore, indicating a healthy growth of 11% from the previous year. Macrotech’s performance not only reflects consumer confidence in the real estate sector but also signals positive economic conditions.

Summary Table of Key Stock Performances

As the market reacts to these developments, investors will be closely monitoring the implications of these performances on future trading activities. Understanding these dynamics will be crucial for making informed investment decisions.