HDFC Bank will remain in focus on Tuesday, as the company is expected to announce its July-September quarter financial results. Analysts expect the bank to report a 18-23 per cent growth in profit after tax in the second quarter of the current financial year. Net interest income, the difference between interest earned and interest expended, may grow 15-20 per cent. Another factor to watch out is its commercial vehicles portfolio, which declined in the previous quarter.
Order booster for BGR Energy
BGR Energy, in a post-market hours announcement informed the exchanges that it had bagged order worth ₹250 crore from Tamil Nadu Transmission Corporation for establishment of substations. The company, whose order book stands in excess of ₹11,000 crore, reported a net profit of ₹9.19 crore for the quarter ended June 2014 and ₹110 crore for the fiscal ended March 2014. The stock has been on the decline over the last five months from a high of ₹243.
Jewellery stocks, gold ETFs may feel the heat
Jewellery company stocks such as PC Jeweller, Tara Jewels, TBZ and Rajesh Exports and gold exchange-traded funds could witness selling pressure on import curbs. Finance Minister Arun Jaitley on Monday said he would look into the import curbs on gold after Diwali. Gold imports surged 450 per cent till September to $3.75 billion, data last week released by the Ministry revealed. Gold is the second largest item in the country's import basket next to crude oil.
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