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

By Malvika Gurung

Investing.com — TCS (NS:): The nation’s largest IT firm reported a 12.2% rise in internet revenue at Rs 9,769 crore within the Dec-ending quarter, amid wholesome income progress, rising 4.3% to Rs 48,885 crore on a QoQ foundation. In addition to, the corporate authorised a buyback of upto 4 crore shares of the corporate, for no more than Rs 18,000 crore, priced at Rs 4,500/share.

Infosys (NS:): The IT big posted a 11.8% YoY rise in consolidated internet revenue to Rs 5,809 crore in Q3, and a 30% leap in income from operations to Rs 31,867 crore. Infosys has upgraded its income progress for FY22 from 16.5%-17.5% estimated in October 2021 to 19.5%-20% on a relentless forex foundation.

Wipro (NS:): The IT main reported an virtually 30% leap in income from operations to Rs 20,313.6 crore in Q3, on a YoY foundation, with an estimated fixed forex income progress at 2-4% for This autumn.

Energy Grid Company of India Ltd (NS:): The state-owned transmission main has signed an settlement with Africa50 to proceed the event of the Kenya Transmission Undertaking.

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

Kotak Mahindra Financial institution (NS:): The non-public lender has handed a decision to cap the voting rights of promoters at 26%.

Dixon Applied sciences (India) Ltd (NS:): The contract producer in digital items entered right into a JV with Rexxam Co Ltd (Japanese firm), to fabricate PCBs for air conditioners for worldwide and home markets.

Corporations together with Mindtree (NS:), Tata Metaliks Ltd (NS:)s, Aditya Birla Cash Ltd (NS:), CESC (NS:), GTPL Hathway Ltd (NS:), and Athena World Applied sciences Ltd (BO:), together with others will launch their earnings report for the Dec-ending quarter immediately.