Top Indian stocks to watch today: ICICI, HDFC, Yes Bank, Coal India, Infosys & more amid strong earnings and RBI liquidity boost.

📈 Stocks to Watch: April 22, 2025

Indian equities are poised for a steady start today, bolstered by robust domestic earnings and liquidity support from the Reserve Bank of India (RBI). The RBI's recent liquidity-enhancing measures, including allowing banks to maintain a lower-than-expected buffer rate on digitally linked deposits, could inject ₹2.5–3 trillion into the system, potentially boosting credit growth by 1.4%–1.6% . Foreign portfolio investors (FPIs) have shown renewed interest, purchasing ₹19.7 billion worth of Indian shares on Monday, aided by a weakening U.S. dollar

🏦 Banking & Financial Services

ICICI Bank & HDFC Bank: Both banks reported stellar Q4 results, with ICICI Bank posting a record profit of ₹126.3 billion and HDFC Bank projecting above-industry loan growth by FY27. Their strong performance has driven their stock prices to record highs, contributing significantly to the Nifty 50's gains .
Yes Bank: The bank's shares surged nearly 5% after reporting a profit beat and targeting 12–15% loan growth for the year

⚡ Energy & Infrastructure

Coal India: Announced plans to construct a 1,600 MW coal-fired power plant in Jharkhand in partnership with Damodar Valley Corporation, involving an investment of ₹165 billion. This is part of India's broader strategy to expand its thermal power capacity to meet increasing electricity demand .
Tata Power: Partnering with Tata Motors on a 131 MW wind-solar hybrid project, reinforcing its commitment to renewable energy initiatives .
JSW Energy: Technical analysts recommend buying between ₹520–525, citing a flag pattern breakout and positive momentum indicators .

🏗️ Industrials & Real Estate

Vedanta: In focus due to sectoral movements and potential developments in the metals space .
Oberoi Realty: Recommended for purchase between ₹1,655–1,675, with positive technical indicators supporting the uptrend .
NCC & Rites: Identified as breakout stocks with strong technical setups, suggesting potential for upward movement .

🧪 Technology & Consumer Goods

Infosys: Despite reporting weaker quarterly earnings and issuing cautious FY2026 guidance, the stock rose 2.5%, indicating investor confidence in its long-term prospects .
HCL Technologies & Hindustan Unilever (HUL): Both companies are on investors' radar today due to upcoming earnings announcements and sectoral trends
📊 Market Outlook

The Nifty 50 and BSE Sensex have extended their gains for a fifth consecutive session, rising 0.82% and 0.79%, respectively. This surge is fueled by strong performances in the financial sector, better-than-expected earnings from major banks, and a depreciating U.S. dollar . Analysts suggest maintaining a stock-specific approach amid the ongoing Q4 results season, focusing on sectors less exposed to international volatility, including banking, power, telecoms, autos, and consumer goods .

Source: Taken from multiple websites

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