Stocks to Watch: TCS, Wipro, Vi, TaMo, HUL, CAMS, Dr Reddy's, Adani Total Gas
TCS: The IT company is expected to present moderate figures for Q4FY24, driven by the acceleration of significant deal victories, despite the ongoing weakness in crucial international markets. The company will disclose its earnings for the March quarter on Friday, April 12. Industry experts estimate TCS's revenue growth to be in the lower single digits on a quarter-on-quarter (QoQ) basis in constant currency terms.
The EBIT margin is likely to remain steady as operational enhancements and cost efficiencies are expected to balance out the lower margins in the Indian business. In addition to the primary figures, the focus will be on trends in deal wins, attrition rates, and management's commentary on near-term demand. For the quarter, TCS might report a 5% year-on-year growth in total revenue and an 8% growth in reported PAT, as per Motilal Oswal Financial Services's estimates.
Vodafone Idea: The telecom major announced early Friday that it plans to initiate a Follow on Public Offer (FPO) of equity shares, aiming to raise up to ₹18,000 crore. The FPO is scheduled to commence next week. The FPO will be open for subscription from April 18 to April 22.
Offers for anchor investors will be approved on April 16, as stated in the company's exchange filing. Vodafone Idea's Capital Raising Committee is set to convene later on Friday to discuss and finalize the price band and discount for the FPO. Starting from April 15 until the offer closes, Vodafone Idea will engage in road shows and discussions with investors and analysts.
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