Stocks to Watch: Infosys, Wipro, HCL Tech, Dish Tv, HDFC Bank, Zee

Stocks to Watch: Infosys, Wipro, HCL Tech, Dish Tv, HDFC Bank, Zee


The look set to cheer the good show by and this morning. However, volatility in the second half of the trading session cannot be ruled out owing to weekly F&O expiry and an extended weekend. At 08:30 AM, the SGX Nifty was up 78 points at 18,255. Here are the top stocks to focus in trade today:

Infosys: Beating Street expectations, reported net profit of Rs 5,428 crore, up 11.7 per cent YoY and 4.3per cent sequentially. Revenue for the quarter was up 20 per cent to Rs 29,602 crore. Further, the company raised its revenue growth guidance for FY22 to 16.5-17.5 per cent, from the earlier 14-16 per cent. ADR jumps 3.5 per cent. READ MORE

Wipro: Revenue rose 30 per cent on a YoY basis and 7.7 per cent on QoQ basis to Rs 19,667 crore; net income for the quarter was at Rs 2,930.7 crore, down of 9.6 per cent on a quarter-on-quarter QoQ basis, but up 18.8 per cent YoY. READ MORE

MindTree: Net profit soared 57 per cent to Rs 398.90 crore in Q2FY22 when compared with Rs 253.70 crore in Q2FY21. Consolidated revenue grew by 34.3 per cent to Rs 2,586.20 crore from Rs 1,926 crore in the same period. READ MORE

HCL Technologies: Analysts expect a double-digit revenue growth between 12 and 13 per cent year-on-year for Q2FY22. The strong recovery, they say, will be led by the ramp-up of large deals won in the earlier quarters. READ MORE

Other Results Today: Century Textiles, Cyient, Indiabulls Real Estate, Den Networks, Ganesh Housing Corp, GTPL Hathway, Inox Wind, Inox Wind Energy, Mahindra CIE Automotive and Radhe Developers.

HDFC Bank and Avenue Supermarts (Dmart) are also likely to be in focus as these companies are scheduled to announce earnings on October 16 (Saturday).

UltraTech Cement: Commissions 1.2 mtpa cement capacity in October 2021, which will help the company to service the fast-growing cement demand in the Eastern

Dish TV India: Board unanimously agreed that the extraordinary general meeting cannot be called, as proposed by Yes Bank, citing regulatory limitations and absence of prior approvals from the government and lenders. READ MORE

Zee Entertainment: The corporate battle between Zee Entertainment and its largest shareholder Invesco has intensified, with the latter revealing that it had facilitated talks for a merger between media companies owned by Reliance Industries and the Zee Group in February. READ MORE

Welspun India: Launched one of the largest traceability and ESG transparency rollouts in the textile industry with Wel-Trak 2.0 blockchain, an upgrade to Wel-Trak.

DB Realty: Informed exchanges that IT authorities carried search operations at the company and key managerial personnels from October 7 to 12, 2021.

KEC International: Completed acquisition of Spur Infrastructure.

Capital Trust: CARE assigns BBB- rating to the company’s various borrowing programmes.

Westlife Development: To add 150-200 stores and invest Rs 800 – 1,000 crore over the next 3-4 years.

Future Retail: Promoter Future Corporate Resources invokes 4.76 lakh pledge shares on October 11.

Stock Split: Seven Hills Industries, Sword-Edge Commercials and Zeal Aqua will trade ex-split w.e.f today. All three companies had approved stock split in the ratio 10:1.

Stocks in F&O ban: BHEL, Bank of Baroda, Indiabulls Housing Finance, NALCO, PNB, SAIL, Sun Tv and Vodafone Idea.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *