Stocks to Watch:Stocks to Watch: Infosys, Bajaj Housing Finance, BEML, Persistent Systems and more
1 / 9Bajaj Housing Finance Ltd | Subsidiary of Bajaj Finance reported first quarter results with Net Interest Income surging 33.4% to ₹887 crore, while net profit rose 21% to ₹583 crore. Asset quality remained robust: Gross NPA at 0.3%, Net NPA at 0.13%, with 56% coverage for Stage 3 assets.
2 / 9Infosys | The IT company posted a consolidated net profit of ₹6,920 crore, up 8.7% year-on-year, with revenue climbing 7.5% to ₹42,279 crore. Despite muted headcount growth, voluntary attrition saw a slight increase in the June quarter.
3 / 9Persistent Systems | The company reported quarterly revenue of $389.7 million, marking a 4% sequential growth and aligning with CNBC-TV18 estimates. In rupee terms, revenue rose 2.8% to ₹3,333.5 crore, closely matching the forecast of ₹3,353 crore.
4 / 9Dr Reddy’s Laboratories | Dr Reddy’s posted revenue of ₹8,542 crore, surpassing last year’s ₹7,672.7 crore but slightly below estimates. Net profit rose to ₹1,417.8 crore, up from ₹1,392 crore, though trailing CNBC-TV18’s forecast of ₹1,478.3 crore.
5 / 9Tata Consumer Products | Tata Group’s consumer goods company has reported a 15% YoY rise in net profit to ₹334 crore, slightly above estimates. Revenue grew 9.8% to ₹4,779 crore, trailing the projected ₹4,850 crore.
6 / 9BEML | State-run company has secured ₹293.82 crore order from the Defence Ministry to supply high mobility 6×6 vehicles, enhancing military logistics and tactical mobility.
7 / 9IndusInd Bank | Private lender’s board approved fundraising of up to ₹30,000 crore via debt securities and equity instruments, including ADRs, GDRs, and QIP, pending necessary shareholder and regulatory approvals.
8 / 9Bikaji Foods International Ltd | Snacks food manufacturing company reported a 3.4% YoY rise in net profit to ₹60 crore, with revenue jumping 14.2% to ₹652.6 crore. The board also approved a ₹5 crore loan to its wholly-owned subsidiary, Bikaji Bakes Private Ltd, to bolster working capital.
9 / 9Inox Wind | The company will offer a ₹1,249.33 crore rights issue from Aug 6–20, offering shares at ₹120 apiece—a 27% discount—on a 5:78 entitlement ratio, post approvals from BSE and NSE.
Post Comment