Top 10 Stocks to watch Today Infosys: On Thursday, April 18, | ACEink Official
Top 10 Stocks to watch Today
Infosys: On Thursday, April 18, Infosys reported a 30% YoY increase in its net profit for Q4FY24, at ₹7,975 crore, compared to a profit of ₹6,134 crore in Q4FY23. Its revenue for the quarter was ₹37,923 crore, marking a 1.3% YoY increase. In terms of constant currency (CC), the revenues remained unchanged YoY and saw a 2.2% decrease QoQ. Its operating margin at 20.1%, decreased 0.9% YoY and 0.4% QoQ.
Wipro: Wipro is projected to announce subdued earnings for the fourth quarter of FY24 due to a soft demand environment. The company is set to release its Q4 results on Friday, April 19. For Q4FY24, Wipro is anticipated to report a consolidated net profit of ₹2,746 crore, marking a modest growth of 1.92% from ₹2,694.2 crore in Q3FY24.
Bajaj Auto: The company reported an 18% increase in consolidated net profit in Q4FY24, at ₹2,011.43 crore, up from ₹1,704.74 crore in the same period last year. It reported a revenue of ₹11,249.8 crore for the January-March quarter, marking a 30% increase from ₹8,660 crore in the corresponding period last year. For the fiscal year ending on March 31, 2024, the company reported a 33% increase in net profit, reaching ₹7,479 crore, compared to ₹5,628 crore in the FY23 fiscal.
ICICI Securities: On Thursday, April 18, ICICI Securities reported a consolidated net profit of ₹536.5 crore for Q4FY24, compared to the ₹262.7 crore profit declared in Q4FY23.Its consolidated revenue increased 74.4% YoY, at ₹1,543.2 crore, from ₹884.8 crore posted in the corresponding period last year. The company's consolidated EBITDA increased over 96%, reaching ₹1,079.3 crore in Q4FY24, from ₹550 crore in Q4FY23.
Tata Motors: Tata Motors is poised to bolster its manufacturing capabilities with a proposed $1 billion investment in a new facility in Tamil Nadu, in the southern part of India. Insiders familiar with the company's strategy have disclosed that the plant will primarily focus on the production of luxury vehicles under the Jaguar Land Rover (JLR) brand, as reported by Reuters.
ITC: ITC Infotech, a fully-owned subsidiary of ITC, has signed a share purchase agreement to acquire a 100% stake in Blazeclan Technologies for ₹485 crore, as stated in an exchange filing on April 18. The transaction is expected to be finalized in the next 6-8 weeks, subject to the fulfillment of standard closing conditions, as per the filing.
Suzlon Energy: In an exchange filing today, Suzlon Energy announced that the Gujarat High Court has issued an ad interim stay against the ₹261 crore penalty levied by the National Faceless Assessment Centre, Income Tax Department, New Delhi, in March.
Rail Vikas Nigam Ltd: RVNL, as per an exchange filing, has entered into a memorandum of understanding (MoU) with Turkish Engineering Consulting and Contracting-TUMAS India Pvt Ltd. The agreement is aimed at fostering partnership and collaboration in public transportation and infrastructure projects within India.
Vodafone Idea: The company's follow-on public offer (FPO), the largest in India at ₹18,000 crore, kicked off on a high note on Thursday. On the first day of bidding, the issue saw a 26% subscription, primarily fueled by robust demand from qualified institutional buyers (QIBs).
Gokaldas Exports: The company has initiated its Qualified Institutional Placement (QIP) on Thursday, April 18, with an aim to raise up to ₹600 crore. Its floor price has been set at ₹789.99 per share. By raising funds from institutional investors, the company seeks to fortify its financial standing and seize growth opportunities in the vibrant textile industry, the company said in an exchange filing.
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