According to brokerages, Infosys is likely to report a revenue increase of 2-4 per cent year-on-year between Rs 38,945 crore to Rs 38,432 crore
Street will look for updates on new energy biz commissioning schedule
Jewellery firms may witness strong growth
TCS reported a 9.1 per cent YoY growth in net profit at Rs 12,434 crore for Q4FY24, while revenue from operations rose by 3.5 per cent.
Stocks to watch on Monday, April 15, 2024: IT shares, led by TCS, are expected to be in focus after the Tata group IT major reported better-than-expected Q4 numbers.
Anarock highlighted that listed cos like Prestige Estates, DLF, Godrej Properties, Sobha, Oberoi Realty have been on a land-buying spree since pandemic amid significant demand for their properties
26% volume growth seen in two-wheelers and 12% in passenger vehicles
India, UK drive IT company's growth in the quarters as US business continues to be subdued
The company announced an interim dividend of Rs 28 per share.
Earlier in the day, the stock soared as much as 0.77 per cent to hit an intraday high of Rs 4,013.25
The company's board is scheduled to meet on April 26 to consider the proposal for sub-division/split of equity shares and also announce the March quarter results.
Reversal of furloughs and incremental contribution from the BSNL deal and other deals will fuel the revenues
The company has entered into an agreement with South Korea's largest airline, to implement its flagship aviation software, Ramco Aviation Suite at the airline's Engine Maintenance Center.
In March 2023, there was a surge in the sale of high-value non-participating policies after the Union Government's revision in taxation norms
The BSE benchmark gained the last 5,000 points in just four months, with the rally gaining momentum in the last one week on hopes of stronger-than-expected Q4 corporate earnings.
Hospitals and Diagnostics revenues to grow 13-15% in Q4
In past five months, Castrol has zoomed 66 per cent. Meanwhile, the company has guided margins to be in the range of 23-26 per cent and volume growth of 5 per cent in CY24.
Transformers and Rectifiers (India) hit the 5 per cent upper circuit on Tuesday after the company reported 4-fold jump in Q4 net profit at Rs 35.95 crore.
Brokerages expect revenue growth to remain in low single digits
Transformers and Rectifiers (India) Ltd on Monday posted over four-fold jump in consolidated net profit at Rs 41.62 crore for March quarter FY24. Net profit in the year-ago period stood at Rs 9.60 crore, the company said in a BSE filing. Total income in the quarter rose to Rs 514 crore from Rs 439.50 crore a year ago. In the entire fiscal year, profit increased to Rs 47.01 crore from Rs 42.35 crore in FY23. Total income dipped to Rs 1,300.50 crore from Rs 1,404.66 crore. The company's board at its meeting held on April 8, 2024 recommended a dividend of 20 paise per equity share to all the existing shareholders. The board also proposed issuance of equity shares, and/or equity linked securities and/or securities convertible into equity shares through Qualified Institutional Placement (QIP) or preferential allotment to raise up to Rs 500 crore. It also approved reappointment of Satyen J. Mamtora as Managing Director with effect fom from April 1, 2025, subject to approval of