The US markets were in red for another day. European markets did well despite rising UK inflation and spike in bond yields. Asian markets look optimistic. Especially Chinese markets jump as China cuts key lending rates. Realty stocks are doing well today. The US futures are indicating a flat trend. SGX Nifty indicates a negative opening for Indian markets.
The following stocks will be in focus today:
L&T Infotech: The company’s profit was up 11 percent at Rs. 612.5 Cr. from Rs. 551.1 Cr. and rupee revenue grew to 9.8% at Rs. 4,137.6 Cr. from Rs. 3,767 Cr., QoQ.
Rallis India: The company reports 30% fall in consolidated net profit of Rs. 39.56 Cr. from Rs. 56.49 Cr. and revenue was down 13% at Rs. 628.08 Cr. from Rs. 727.80 Cr., QoQ.
HCL Technologies: It appoints Prabhakar Appana as Senior Vice President and the Global Head of its AWS Ecosystem Business Unit.
Aptech: The company’s consolidated profit fell 76% to Rs. 12.75 Cr. from Rs. 7.23 Cr., while revenue was up 43% at Rs. 37.20 Cr. from Rs. 25.91 Cr., YoY.
Ceat: It reports consolidated loss at Rs. 20.18 Cr. against profit of Rs. 132.34 Cr., YoY.
Tata Communications: The company’s net profit down 7% to Rs. 395.21 Cr. from Rs. 425.38 Cr. and revenue was up to Rs. 4,184.89 Cr. from Rs. 4,174.02 Cr., QoQ.
Power Finance: The company transfers its wholly owned subsidiary Karur transmission and Khavda-Bhuj Transmission to Adani Transmission.
TVS Motor: The company announces the launch of its motorcycle TVS Star HLX 150 Disc Variant in Egypt.
Some important results to come today include HUL, Asian Paints, Bajaj Finserv, Persistent Systems, Biocon, Cyient, Bajaj Holdings & Investment, Havells India, Datamatics Global Services, Mphasis, Sasken Technologies, Shoppers Stop, Century Textiles & Industries, Container Corporation Of India, etc.