Stocks in news: Bajaj Finance, Vedanta, Tech Mahindra, ICICI Sec, SBI Card, SBI Life
Axis Bank and other banking stocks. While the S&P BSE Sensex settled at 74,339.44, up by 486.50 points or 0.66%, the broader Nifty closed at 22,570.35, gaining 168 points or 0.75%.
In today's trade, shares of Maruti Suzuki, Bajaj Finserv, HCL Technologies, Eveready Industries, SBI Cards and Payment Services, SBI Life Insurance Company, Vedanta and Bajaj Finance among others will be in focus due to various related developments or quarterly earnings.
Maruti, Bajaj Finserv, HCL Tech, Eveready Industries, SBI Card, SBI Life, Mastek
Shares of Bajaj Finance, Nestle, Tech Mahindra and IndusInd Bank will be in focus as the companies will announce their quarterly results later in the day.
Read more: Here's the trade setup for today's session
Vedanta
Metal major Vedanta on Thursday reported a net profit of Rs 1,369 crore for the March-ended quarter, down over 27% (YoY) compared to Rs 1,881 crore reported in the year-ago period. Consolidated revenue from operations for the quarter stood at Rs 34,937 crore, down 6% YoY over Rs 37,225 reported by the company in Q4FY23.
Tech Mahindra
IT major Tech Mahindra reported a 41% year-on-year (YoY) drop in its March quarter net profit to Rs 661 crore. The same stood at Rs 1,117.70 crore in the March 2023 quarter. The figure was below ET NOW poll estimate of Rs 700 crore. The revenue from operations for the reported quarter stood at Rs 12,871.30 crore, down 6.2% YoY.
The company has recommended a final dividend of Rs 28 per share which will be paid on or before August 9, 2024.
Baj
