Sunday, December 22, 2024

Stocks in news: Infosys, Tata Technologies, Asian Paints, Nazara Technologies, Adani Green

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Domestic markets settled at record high levels in their third straight day of gains on Tuesday. In today’s trade, Infosys, Tata Technologies, Asian Paints, Nazara Technologies, Adani Green among others will be in focus due to news developments and first quarter results.

Infosys, Tata Technologies, Polycab
Shares of Infosys, Tata Technologies and Polycab will be in focus as the companies will announce their first quarter results today.

Asian Paints
Asian Paints reported first-quarter earnings below estimates on Wednesday, hurt by weak demand and price cuts taken to stave off tight competition.

LTI Mindtree
IT services company LTIMindtree on Wednesday reported a 1.5% decline in net profit to Rs 1,135 crore for the June quarter, mainly on lower profit margins.

Angel One
Angel One reported profit after tax (PAT) of Rs 292.7 crore in the first quarter, showing a de-growth of 14% on quarter-on-quarte basis.Nazara Technologies
Nazara Technologies’ two subsidiaries have received show cause notice and intimation for GST liability adding up to nearly Rs 1,120 crore.Godrej Consumer Products
Godrej Consumer Products said its global manufacturing footprint will reduce by 40% by FY26.

Bajaj Electricals
Anuj Poddar to resign from post of MD and CEO of the company with effect from September 30, 2024 to explore an external opportunity.

Adani Green
Adani Green on Tuesday said its sale of energy rose 22% year-on-year to 7,356 million units during the first quarter, backed by robust capacity addition.

Glenmark Pharma
Glenmark Pharma received ANDA approval for Topiramate Capsules USP. Topiramate is used to treat Epilepsy and are also called Anti-Epileptic medicines.

L&T Finance
L&T Finance reported all-time high net profit of Rs 685 crore in the first quarter. Net interest income during the same period jumped 31%.

Bajaj Finance
Insurance regulator Irdai levied a penalty of Rs 2 crore for violation of provisions of regulations.

TV18 Broadcast
TV18 Broadcast reported a 3% decline in its revenues for the first quarter at Rs 3,069 crore. Operating EBITDA loss for the same period was at Rs 109 crore.

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