Top 10 stocks to watch today Infosys: Showcasing a sequential | ACEink Official

Top 10 stocks to watch today

Infosys: Showcasing a sequentially weak quarter growth, Infosys recorded a 16 per cent decline in its total profit after tax (PAT) in Q4FY24. The IT giant's Q4 PAT stood at ₹6,128 crore, which was down by 16 per cent on a sequential basis. Its revenue also dropped by 2.2 per cent on a quarterly basis to ₹37,441 crore.

Reliance Industries: Bodhi Tree,has reduced its planned investment in Reliance's broadcast venture Viacom18 by 70% and will now pump in 43.06 billion rupees, Viacom18 said late on Thursday. Qatar Investment Authority-backed Bodhi Tree would spend 135 billion rupees out of a planned 151.45 billion rupees investment in the media behemoth that is also backed by Paramount Global.

HDFC Bank: Leading private sector lender, HDFC Bank posted 19.8% growth year-on-year in net profit to ₹12,047.5 crore for the fourth quarter ending March 31, 2023 (Q4FY23). Net interest income (NII) jumped by 23.7% to f 23,351.8 crore in the quarter under review. The bank showed healthy growth in deposits and credit, while provisions dropped steeply in Q4. Also, the bank's asset quality continued to be stable.

Tata Motors: Tata Motors has announced its decision to increase the prices of its passenger vehicles, citing rising input costs and regulatory changes that have made car production more expensive. This marks the second time in 2023 that the Indian automaker has implemented such a price hike. The Indian automaker has stated that the weighted average increase in prices for its passenger vehicles will be 0.6%.

Vodafone Idea: Vodafone Idea has reportedly placed an order of approximately ₹200 crore with Chinese company ZTE for network gear, according to three sources familiar with the matter. The order pertains to broadband network equipment in the telecom circles of Gujarat, Maharashtra, and Madhya Pradesh-Chhattisgarh (MP-CG), as informed by the sources to PTI.

Zee Entertainment: Invesco Developing Markets Fund, an investor in Zee Entertainment Enterprises Ltd (ZEEL), is poised to sell its entire 5.65% stake in the company for as much as ₹1,130 crore. In October, Invesco sold 5.51% of ZEEL for around ₹1,395.9 crore, paring its shareholding in the Indian broadcaster to 5.65%.

Tata Steel: Tata Steel's CEO, T V Narendran, stated that the company is continuing its pursuit of a financial package from the UK government, in response to a question about their stance on exiting the UK business. Narendran, who also serves as the Managing Director of Tata Steel, made these comments.

HCL Tech: Homegrown information technology (IT) services firm, HCL Technologies Thursday said Anand Birje, head of Digital Business Services, has resigned, to pursue another opportunity. Birje, who joined HCL Technologies in 2003 in Infrastructure services sales, moved on to lead the D&A (data and analytics) practice in 2017, and later became the head of Digital Business Services in 2021.

Adani Green: Adani Group’s renewable energy division—Adani Green—on Friday announced a 49% increase in its operational capacity, reaching 8,086 MW by the end of the fiscal year 2023. This marks the most substantial capacity expansion by any domestic renewable energy company to date. As the nation’s leading green energy firm, Adani Green boasts a total installed capacity of 20,000 MW.

Vedanta: The board of Vedanta Ltd. authorised the issuing of non-convertible debentures (NCDs) worth up to Rs. 2,100 crore on Thursday on a private placement basis. Vedanta in its filing at the stock exchange said that it has considered and approved for raising, on a private placement basis, up to 21,000 secured, unrated, unlisted, redeemable, non‐convertible debentures of face value ₹10,00,000/‐ each aggregating up to ₹2,100 Crores in one or more tranche(s).