Stocks in news: Infosys, Wipro, Bajaj Auto, Jio Financial, HDFC AMC, Hindustan Zinc
Software services exporter Infosys forecast annual revenue below expectations on Thursday as global macroeconomic uncertainty pressures client spending on discretionary projects. Revenue for Q4 grew just 1%, while profit was up 30%.
Equity markets were under pressure for the fourth straight day on Thursday with huge volatility owing to ongoing geopolitical concerns. In today's trade, shares of , , , , HDFC AMC, Hindustan Zinc will be in focus due to various news developments.Wipro, Jio Financial, HDFC AMC, Hindustan Zinc
Shares of Wipro, Jio Financial, HDFC AMC and Hindustan Zinc will be in focus as the companies will announce their quarterly results today.
Infosys
Software services exporter Infosys forecast annual revenue below expectations on Thursday as global macroeconomic uncertainty pressures client spending on discretionary projects. Revenue for Q4 grew just 1%, while profit was up 30%.
Read more: Here's the trade setup for today's session
Bajaj Auto
Bajaj Auto reported a 35% increase in PAT at Rs 1,936 crore for the quarter ended March 2024, riding on the back of robust sales.
Suzlon Energy
Suzlon Energy has secured an interim stay from Gujarat High Court against nearly Rs 261 crore penalty.
ICICI Securities
ICICI Securities reported a consolidated net profit of Rs 536 crore for the quarter ended March 2024, which was up by 104% year-on-year.
Gokaldas Exports
Gokaldas Exports launched a QIP on Thursday and the floor price for the same is fixed at Rs 789.99 per share.
RVNL
RVNL has signed an MoU with Turkish Engineering Consulting & Contracting - TUMAS India for Partnership & collaboration in public transportation projects and infrastructure projects.
Federal Bank
Federal Bank has received the Reserve Bank approval to establish a representative office in Saudi Arabia.
Mahindra Lifespace
Mahindra Lifespace sold homes worth Rs 350 crore in just two days at Bengaluru’s Mahindra Zen.
ITC’s
ITC's subsidiary ITC Infotech to acquire 100% share capital of Blazeclan Technologies for Rs 485 crore.
Source: Stocks-Markets-Economic Times
