Stocks in news: TCS, HCL Tech, Anand Rathi Wealth, Prestige Estates, RIL
TCS, HCL Tech, Anand Rathi Wealth, Prestige Estates, RIL among others will be in focus due to various news developments and first quarter results.
HCL Tech, IREDA
Shares of HCL Tech and IREDA will be in focus as the companies will announce their respective first quarter results today.
TCS
The IT bellwether company reported 8% year-on-year growth in its consolidated net profit at Rs 12,105 crore. Revenue for the June quarter improved 5% year-on-year to Rs 62,613 crore.
Anand Rathi Wealth
Anand Rathi Wealth reported a 38% year-on-year jump in its June quarter consolidated net profit at Rs 73.4 crore.
RIL
A unit of India’s largest company Reliance Industries, Ethane Crystal LLC, is planning to borrow at least $500 million to refinance debt.
Prestige Estates
Prestige Estates Projects, a real estate development firm, experienced a 22% decrease in sales for the first quarter of FY25 at Rs 3029 crore in Q1 FY24 due to the general election and delays in project approval.
Bombay Dyeing
Vinod Jain resigned as the Chief Financial Officer (CFO) and Chief Risk Officer (CRO) of the company with effect from July 11.
GTPL Hathway
GTPL Hathway reported net profit of Rs 14.2 crore in the first quarter. Revenue from operations during the same period increased 9% year-on-year to Rs 843 crore.
Oriental Rail Infrastructure
Oriental Rail Infra’s arm Oriental Foundry received an order worth Rs 432 crore for manufacture and supply of 1,200 BVCM-C Wagons from Indian Railways.
Adani Wilmar
FMCG major Adani Wilmar has acquired 67%
