Stories
Stocks to Watch Today: TCS, ITC, KEC and Key Earnings in Focus
- •Tata Consultancy Services reported a 7.6 percent rise in consolidated net profit to Rs 13,884 crore and declared a dividend of Rs 12 per share for Q2.
- •KEC International secured new orders worth Rs 1,030 crore, pushing its total year-to-date order intake past Rs 8,600 crore.
- •NCC received a Letter of Acceptance for a major infrastructure project worth Rs 1,286.03 crore from Hyderabad Growth Corridor.
- •GQG Partners and Alliance Witan sold a combined 2.92 percent stake in ITC through block deals valued at thousands of crores.
- •Lupin received US FDA approval for its Phytonadione Injectable Emulsion USP to treat vitamin K deficiency and related conditions.
Key Questions Answered
For the second quarter, TCS reported a 7.6% rise in consolidated net profit to Rs 13,884 crore and an 11.2% growth in revenue to Rs 73,188 crore. Additionally, the company announced a dividend of Rs 12 per share.
KEC International secured orders worth Rs 1,030 crore across various businesses. NCC received a Rs 1,286.03 crore contract from Hyderabad Growth Corridor for road construction, and Pace Digitek obtained an LoI for a BESS project in Delhi with an outlay of Rs 179.4 crore.
GQG Partners Emerging Markets Equity Fund and Alliance Witan Plc offloaded a total stake of 2.92 percent in ITC through block deals. The shares were sold to 14 institutional buyers, including SBI Mutual Fund, ICICI Prudential Mutual Fund, and Nippon India Mutual Fund.
