Positive indices from most Asian markets could rub off on national benchmarks today. Here are the 10 hottest stocks for trading today:
The company reported higher-than-expected revenue for the second quarter of FY22, while raising its constant currency forecast to 16.5-17.5 percent for FY22, from 14-16 percent.
Wipro | The company posted a 17% jump in consolidated net profit to Rs 2,930.6 crore for the September quarter, while revenue rose about 30%.
Mindtree | The company’s net profit for the quarter increased 16.2% sequentially and recorded better-than-expected growth of 13.4% in constant currency terms.
IT companies | Infosys, Wipro and Mindtree released their after-hours results Wednesday while HCL Technologies and Cyient will report their quarterly figures today.
Vodafone idea | The telecommunications operator is in advanced talks to sell a minority stake to global private equity investors, including Apollo Global Management and Carlyle, to raise up to $ 1 billion over the next 2-3 months, according to a report.
Banks | HDFC Bank, Kotak Mahindra Bank, Axis Bank, IndusInd Bank and DBS India are said to be in the race to bid on Citi India consumer companies before the October 26 deadline.
Mahanagar Gas | The company announced revised prices for CNG to Rs 57.54 / Kg and PNG to Rs 33.93 / SCM in and around Mumbai starting October 13 at midnight.
Westlife Development | The company will plan to add 150-200 more stores over the next 3 to 4 years. It will further strengthen its leadership position in the hamburger, chicken and beverage segments and contribute to the growth of the organized catering market. Westlife Development is looking to invest Rs 800-1000 crore in the business over the next 3-4 years.
DB Immo | The tax administration carried out search and seizure operations on the premises of the company and the main executives from October 7 to 12.
KEC International | The company has completed the acquisition of Spur Infrastructure Private Ltd, which is now a wholly owned subsidiary of KEC International.