Top 10 Stocks to watch Today TCS: The IT company is expected | ACEink Official
Top 10 Stocks to watch Today
TCS: The IT company is expected to present moderate figures for Q4FY24, driven by the acceleration of significant deal victories, despite the ongoing weakness in crucial international markets. The company will disclose its earnings for the March quarter on Friday, April 12. Industry experts estimate TCS's revenue growth to be in the lower single digits on a quarter-on-quarter (QoQ) basis in constant currency terms.
Vodafone Idea: The telecom major announced early Friday that it plans to initiate a Follow on Public Offer (FPO) of equity shares, aiming to raise up to ₹18,000 crore. The FPO is scheduled to commence next week. The FPO will be open for subscription from April 18 to April 22. Offers for anchor investors will be approved on April 16, as stated in the company's exchange filing.
Wipro: Wipro Ltd has announced the appointment of company veteran Malay Joshi as the chief executive officer of its largest and rapidly expanding market, Americas 1. Joshi will take over from the current CEO, Srinivas Pallia, who has been leading the unit since January 2021 until his recent promotion. Joshi, with nearly three decades of experience at the Bengaluru-based IT firm, will assume his new role immediately.
Tata Motors: On April 10, Tata Motors reported an impressive 8% rise in total global wholesales for the fourth quarter ending March 31, 2024, reaching 377,432 units, compared to the same period the previous year. The company's statement revealed that the global wholesales of its passenger vehicles, including electric vehicles, during Q4FY24 were at 155,651 units, representing a substantial 15% increase compared to Q4FY23.
Hindustan Unilever, Emami: The Calcutta High Court has issued a restraining order against Hindustan Unilever (HUL), prohibiting the use of the 'Glow & Handsome' mark for its men's care products. This follows a lawsuit filed by competitor Emami. HUL has been given a month to comply with the order, which was issued on April 9.
Larsen & Toubro: Edelweiss Alternatives-backed platform Infrastructure Yield Plus strategy has successfully acquired a 100% stake in L&T Infrastructure Development Projects Ltd (L&TIDPL), previously held by Larsen & Toubro (51%) and Canada Pension Plan Investment Board (CPP Investments) (49%).
Adani Total Gas: Adani TotalEnergies E-Mobility, a subsidiary of Adani Total Gas, and MG Motor India have entered into a Memorandum of Understanding (MoU) to enhance India's EV charging infrastructure. This joint initiative aims to develop charging solutions for electric vehicles (EVs) and offer value-added services to MG's EV customers across the country, thereby supporting the growth of India's rapidly evolving EV ecosystem.
Metropolis Healthcare: The medical diagnostics company on April 10 said it has delivered a 10% year-on-year increase in overall revenue. The core business revenue witnessed even stronger growth, surging by 15% compared to the previous year. Its Q4FY24 sales volume increased 8% year-on-and Revenue Per Patient (RPP) increased 7% YoY.
Computer Age Management Services: The mutual fund transfer agency announced to the stock exchanges on April 10 that it has been authorized by the Reserve Bank of India (RBI) to function as an online payment aggregator. The company had initially received an in-principle authorization from the RBI in February 2023, as per the company's statement.
Signature Global: The real estate company saw a 6% rise in its net debt to ₹1,160 crore in the last fiscal year, up from ₹1,090 crore in FY23. This increase was primarily due to land purchases for housing project development. The company announced on Sunday that its sales bookings had more than doubled to ₹7,270 crore in 2023-24, up from ₹3,430 crore in the previous fiscal year.
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