Stocks in Focus on Jan 13: TCS, Infosys, Tata Motors & More

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Stocks in Focus on Jan 13: TCS, Infosys, Tata Motors & More

By Malvika Gurung -- TCS (NS: TCS ): The country’s largest IT company reported a 12.2% rise in net profit at Rs 9,769 crore in the Dec-ending quarter, amid healthy revenue growth, rising 4.3% to Rs 48,885 crore on a QoQ basis. Besides, the company approved a buyback of upto 4 crore shares of the company, for not more than Rs 18,000 crore, priced at Rs 4,500/share.

Infosys (NS: INFY ): The IT giant posted a 11.8% YoY rise in consolidated net profit to Rs 5,809 crore in Q3, and a 30% jump in revenue from operations to Rs 31,867 crore. Infosys has upgraded its revenue growth for FY22 from 16.5%-17.5% estimated in October 2021 to 19.5%-20% on a constant currency basis.

Wipro (NS: WIPR ): The IT major reported an almost 30% jump in revenue from operations to Rs 20,313.6 crore in Q3, on a YoY basis, with an estimated constant currency revenue growth at 2-4% for Q4.

Power Grid Corporation of India Ltd (NS: PGRD ): The state-owned transmission major has signed an agreement with Africa50 to continue the development of the Kenya Transmission Project.

Tata Motors (NS: TAMO ): Retail sales of Jaguar Land Rover has dropped 37.6% to 80,126 units in Q3 FY22, as sales in China declined 6.9% and in Europe, by 6.8%, in comparison to the previous quarter.

Kotak Mahindra Bank (NS: KTKM ): The private lender has passed a resolution to cap the voting rights of promoters at 26%.

Dixon Technologies (India) Ltd (NS: DIXO ): The contract manufacturer in electronic goods entered into a JV with Rexxam Co Ltd (Japanese company), to manufacture PCBs for air conditioners for international and domestic markets.

Companies including Mindtree (NS: MINT ), Tata Metaliks Ltd (NS: TMET )s, Aditya Birla Money Ltd (NS: ABML ), CESC (NS: CESC ), GTPL Hathway Ltd (NS: GTPH ), and Athena Global Technologies Ltd (BO: ATHN ), including others will release their earnings report for the Dec-ending quarter today.

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