Stocks in news: TCS, MCX, Delta Corp, Bajaj Auto, Vinati Organics, Aurionpro Solutions
Here are the companies that will be on investors’ radar on Wednesday:
Tata Consultancy Services
The software major will announce its September quarter earnings after market hours, and the company is seen reporting a mere 1.4% sequential growth in consolidated revenue to Rs 60,218 crore, and a 3% rise in net profit to Rs 11,404 crore, according to the average estimates.
The board will also consider and approve buy back of shares, and the market widely expects it to spend Rs 18,000 crore in the same.
Multi Commodity Exchange
The exchange is set to go live with its new commodity derivative platform from Monday.
The exchange will conduct a mock trading session on October 15.
Read more: Here's the trade setup for today's session
Bajaj Auto
The automaker and UK partner Triumph Motorcycles launched “Triumph Scrambler 400 x”, their second jointly developed motorbike. Prices start at Rs 262,996, ex-showroom.
LTIMindtree
Infineon Technologies AG has selected the company as a strategic partner to implement SAP services.
Phoenix Mills
Five of the company’s subsidiaries have received tax demand notice aggregating Rs 14.4 crore. The company plans to argue the case at an appropriate forum.
HDFC Asset Management
The board of Association of Mutual Funds in India has elected the asset management’s MD and CEO Navneet Munot, as the new chairman of the association.
