Here is a list of top 10 stocks that may be in focus on Monday: Kotak Mahindra Bank: The private lender plans to raise capital through sale of 4% promoter stake worth ₹8,000 crore, according to a Mint report.
The stake sale will not only help the bank’s founder and chief executive officer (CEO) Uday Kotak lower his stake to 26% to comply with regulatory norms but also augment the bank’s capital adequacy.
HDFC Bank: The private lender on Saturday reported a 17.7% year-on-year (YoY) rise in its net profit to ₹6,927.6 crore for the quarter ended March led by a rise in net interest income (NII) and other income.
The bank’s profit, however, was lower than the ₹7,253.8 crore estimated by eight analysts polled by Bloomberg due to doubling of