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Sunday, October 17, 2021

Buzzing Stocks- Infosys, Wipro, UltraTech Cement and other stocks in headlines and focus today

Today i.e. on 14th October HCL Technologies, Indiabulls Real Estate, Benares Hotels, Century Textiles, Cyient, Den Networks, Ganesh Housing Corporation, GTPL Hathway, Inox Wind, Inox Wind Energy, Mahindra CIE Automotive, Radhe Developers, Superior Finlease, Vikas EcoTech and Companies like Vikas Lifecare will declare their September 2021 quarter results.

On Saturday, October 16, the September 2021 quarter results of companies like HDFC Bank, Avenue Supermarts, Aarnav Fashions, Artson Engineering, Infomedia Press, Sangam (India) and VR Woodart will be announced.

Infosys: The company posted a consolidated profit of Rs 5,421 crore in Q2FY22 as against Rs 5,195 crore in Q1FY22. Income on a quarterly basis increased to Rs 29,602 crore from Rs 27,896 crore. The company’s dollar earnings increased from $3,782 million to $3,998 million in the same period.

WiproQ: Q2FY22 IT Services earnings of the company grew 6.9% to $2,5800 million on a quarter-on-quarter basis. On a quarterly basis, the company’s IT Services’ constant currency earnings grew by 8.1% in the same period. On the other hand, the company expects IT Services’ constant currency earnings to grow by 2-4% in Q3FY22.

Mindtree: The company’s profit grew 16.2% to Rs 399 crore and income grew 12.8 per cent to Rs 2,586.2 crore in Q2FY22. At the same time, the company’s dollar earnings increased by 12.8 percent to $ 3501 million.

Bajaj Hindusthan SugarAccording to the bulk deal data, Ramlal Kanwarlal Jain sold 67,74,582 equity shares in the company at a price of Rs 14.58 per share on NSE.

ArvindAccording to the data of the bulk deal, Okoworld Growing Markets 2.0 bought 15,15,985 equity shares in the company at a price of Rs 122.72 per share on NSE.

UltraTech Cement: The company commissioned a 1.2 MTPA cement capacity plant in October 2021. This will help the company to meet the rapidly growing cement demand in the eastern markets.

KEC InternationalThe company has completed the acquisition of Spur Infrastructure. Now Spur Infrastructure is a wholly owned subsidiary of the company.

Hero MotoCorpThe company has introduced many new and attractive retail finance schemes for the customers.

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Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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