By keeping a close watch on every movement of stocks, your investment can definitely be protected. Here we are telling such stocks which will remain in the news today and on which the market will be eyeing.
INFOSYS IN FOCUS
Infosys has presented its results for the third quarter ended December 31, 2021. The company has made a profit of Rs 5,809 crore during this period. The company’s profit has grown by 12% on a yearly basis. Let us inform that in the same quarter last year, the company’s profit stood at Rs 5,197 crore. In the third quarter, the company’s income grew by 23 per cent year-on-year at Rs 31,867 crore as compared to Rs 25,927 crore in the same quarter last year. Was on Rs. The company has raised its earnings estimates for FY22 from 16.5-17.5 per cent to 19.5-20 per cent. The company’s earnings grew 7 per cent in the third quarter on a quarter-on-quarter basis. Inspired by this, the company has increased its revenue guidance.
TCS buy back
The board of TCS has approved SHARE BUY BACK worth Rs 18000 crore. The price will be Rs 4500 per share with around 16% premium. On the other hand, 3% DOLLER REVENUE was higher than the estimate in the third quarter. The brokerage is BULLISH on this stock and they say that the stock can show levels up to 4747.
Wipro in focus
WIPRO’s results for the quarter were below expectations. Dollar revenue saw an increase of 2.3%, lower than expected. WIPRO’s ADR in the US has slipped by about 9%.
Trade setup for today: Take a look at these figures before the market opens, it will be easy to catch profitable deals
TATA MOTORS IN FOCUS
Retail sales declined 37.6% to 80,126 units, while sales in China declined 6.9% on a quarter-on-quarter basis, while sales in Europe declined 6.8%. Chip problems have hit sales. Although the company says that the demand for JLR vehicles has been good. On the other hand, the wholesale sales grew by 8% on a quarterly basis. JLR has an order book of 154,000 units.
real estate in focus
Property tax is waived in Maharashtra on flats up to 500 sqft. The Maharashtra cabinet has approved the proposal.
KOTAK MAHINDRA BANK IN FOCUS
The voting rights of the promoter will be limited to 26%. The bank has approved the proposal.
NAZARA TECH IN FOCUS
The board will consider issuing new shares in a meeting on January 17.
LUMAX IND IN FOCUS
Will start commercial production from the new plant in Haryana. The company will start production of EV components.
CIPLA IN FOCUS
Cipla has said in the conference call that the company will stick to its guidance. In 3-5 years, the revenue from the US will increase by $ 300 million. Injectable segment growth is expected at 25% in the US by FY26-27. Sales in the respiratory portfolio are expected to increase from 28% to 35%.
SPARC in focus
The company will get $5 million from its partner. The company will get the money when the target is achieved.