The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.48% lower by 117.50 points at 24,416.50, indicating that the domestic benchmark indices are likely to make a negative start on Monday. 

On Friday, 19 July, Domestic benchmark indices S&P BSE Sensex slumped 738.81 points or 0.91%, to end at 80,604.65 while the Nifty50 traded 269.95 points or 1.09% higher and settled at 24,530.90.

Here are some stocks that are likely to remain in focus on 22 July.

HDFC Bank: In its quarterly earnings for April-June, the company reported its net interest income to Rs 29,837.1 crore and its net profit to Rs 16,174 crore. However, the return on assets decreased to 1.88% during the quarter from 1.24%.

Reliance Industries: The company reported a 5.5% YoY decline during the April-June quarter in net profit to Rs 15,138 crore, while the revenue from operations during the quarter grew by 11.5% YoY to Rs 2.32 lakh crore. 

HDFC Life Insurance: The Assistant Commissioner of Income Tax, Mumbai, has issued an income tax rectification order, which reduces the tax and interest demand to Rs 1,868.12 crore from Rs 4,178.8 crore for the assessment year 2020-21.

Kotak Mahindra Bank: The bank reported its consolidated net profit to Rs 7,448 crore, marking a 79% YoY increase, which includes the company’s divestment of 70% stake in Kotak General Insurance Company to Zurich Insurance Group. 

PVR Inox: The cinema company’s net loss widens to Rs 179 crore during the Q1FY25 from Rs 82 crore net loss reported in Q1FY24 as bollywood fails to bring the audience back to cinemas. 

RBL Bank: In its quarterly earnings for April-June, the bank reported a 29% YoY increase in net profit to Rs 371.5 crore, while net interest income during the same quarter grew 19.5% to Rs 1,700 crore. 

IRCTC: The Government of India has announced the upgradation of the Indian Railway Catering and Tourism Corporation (IRCTC) from a ‘Schedule B’ to a ‘Schedule A’ category Central Public Sector Enterprise (CPSE).

India Hotels: The revenue for the quarter ending 30 June grew by 5.7% to Rs 1,550.2 crore and the net profit during the quarter climbed 11.7% to Rs 248.4 crore. 

JSW Infra: The company has acquired the Under Development Slurry Pipeline Project from the wholly-owned subsidiary of JSW Steel, JSW Utkal Steel, for a total consideration of Rs 1,700 crore. 

KPI Green Energy: The company has announced securing a letter of award for developing a 100 MWAC solar power project from MAHAGENCO.

ONGC: ONGC Videsh has signed a definitive Sale Purchase Agreement to acquire a 0.615% stake in the Azeri Chirag Gunashli oil field in Azerbaijan from Equinor.