IDFC First Bank, Maruti Suzuki, ONGC, BoB, Adani Energy in focus

IDFC First Bank Q1 profit surges on lower provisions

IDFC First Bank's quarterly numbers have caught the Street's attention. The lender's net profit for the April-June quarter more than doubled to Rs 1,075 crore, powered by strong core income growth and a sharp drop in provisions.

Managing director and chief executive V Vaidyanathan said the bank's asset quality is on a clear upward trajectory. "Costs and provisions are down, and we will continue to bolster earnings," he noted. The bank has raised its guidance for return on assets (RoA) and net interest margins (NIM) for FY27, reflecting management's confidence in sustaining the momentum.

Brokerage view: Motilal Oswal maintains 'neutral'

Motilal Oswal has come out with a 'neutral' rating on IDFC First Bank, setting a target price of Rs 90. The brokerage pointed to the improving asset quality as a key positive but appears to be waiting for more consistent delivery before turning more bullish.

The stock has been in focus as the bank continues to reduce its stressed asset pool. Analysts will watch closely whether the lower credit cost trend can be sustained over the next few quarters.

Other stocks in the spotlight

Maruti Suzuki

Maruti Suzuki shares are in news amid reports of a planned price hike on select models from next month. The country's largest carmaker is expected to pass on higher input costs to consumers, a move that could impact near-term demand. Dealers are bracing for a possible inventory build-up ahead of the festive season.

ONGC

Oil and Natural Gas Corporation (ONGC) is watching crude price volatility closely. With global oil prices under pressure from demand concerns, the state-run explorer's revenue visibility remains tied to the trajectory of benchmark rates. The company is also expected to provide an update on its KG basin gas production ramp-up in the coming weeks.

Bank of Baroda

Bank of Baroda (BoB) shares are in focus after the public sector lender reported a marginal uptick in its loan growth numbers. The bank's management has reiterated its focus on improving the CASA ratio and containing slippages. The stock has been a relative outperformer among PSU banks this year.

Adani Energy Solutions

Adani Energy Solutions is in the news after securing a new transmission project. The company, part of the Adani Group, continues to expand its power transmission and distribution footprint. The order book position remains strong, though investors will keep an eye on debt levels and execution timelines.

What to watch next

Market participants will track how these stocks react in Tuesday's trade. For IDFC First Bank, the key question is whether the improved guidance translates into sustained re-rating. For the broader market, quarterly earnings from other lenders and auto majors will set the tone for the week.