Stocks in news: TCS, HCL Tech, Anand Rathi Wealth, Prestige Estates, RIL

Domestic markets closed steady with focus on TCS, HCL Tech, Anand Rathi Wealth, and others for their first quarter results. Companies like RIL's Ethane Crystal LLC and Prestige Estates face challenges. GTPL Hathway shows growth in revenue. Oriental Rail Infra secures a significant order from Indian Railways. Adani Wilmar expands stake in OCIPL.

Domestic markets traded volatile and closed almost unchanged on Thursday, in continuation to the previous trading session. In today's trade, shares of , , , , among others will be in focus due to various news developments and first quarter results.

HCL Tech, IREDA
Shares of HCL Tech and IREDA will be in focus as the companies will announce their respective first quarter results today.

TCS
The IT bellwether company reported 8% year-on-year growth in its consolidated net profit at Rs 12,105 crore. Revenue for the June quarter improved 5% year-on-year to Rs 62,613 crore.

Anand Rathi Wealth
Anand Rathi Wealth reported a 38% year-on-year jump in its June quarter consolidated net profit at Rs 73.4 crore.

RIL
A unit of India’s largest company Reliance Industries, Ethane Crystal LLC, is planning to borrow at least $500 million to refinance debt.

Prestige Estates
Prestige Estates Projects, a real estate development firm, experienced a 22% decrease in sales for the first quarter of FY25 at Rs 3029 crore in Q1 FY24 due to the general election and delays in project approval.

Vinod Jain resigned as the Chief Financial Officer (CFO) and Chief Risk Officer (CRO) of the company with effect from July 11.

GTPL Hathway reported net profit of Rs 14.2 crore in the first quarter. Revenue from operations during the same period increased 9% year-on-year to Rs 843 crore.

Oriental Rail Infra’s arm Oriental Foundry received an order worth Rs 432 crore for manufacture and supply of 1,200 BVCM-C Wagons from Indian Railways.

FMCG major Adani Wilmar has acquired 67% stake in Omkar Chemical Industries (OCIPL) on Thursday.

Source: Stocks-Markets-Economic Times