List of 12 stocks that may witness action during Thursday’s trade
Infosys: The board approves share buyback proposal of up to Rs 9,200 crore at Rs 1,750 per share. Revenues in constant currency (CC) grew by 9.6 per cent YoY and 2 per cent QoQ for the quarter ended March 31, 2021. Digital revenue stood at 51.5 per cent of the total revenue with a YoY CC growth of 34.4 per cent. The operating margin stood at 24.5 per cent, an increase of 3.4 per cent YoY but with a decline of 0.9 per cent QoQ. Outlook for FY22: Revenue growth guidance of 12-14 per cent in CC while operating margin guidance of 22-24 per cent. Salil Parekh, CEO and MD of Infosys said, “The company has crossed a milestone of Rs 1,00,000 crore in revenue in FY21.”
Sterlite Technologies: The company announced a strategic collaboration with Openreach, the UK’s largest digital network business. Openreach has chosen Sterlite Technologies as a key partner to provide optical cable solutions for its new, ultra-fast, ultra-reliable ‘full fibre’ broadband network.
Gravita India: Gravita India Limited, a leading recycling company having a global manufacturing presence has been selected for ‘Rajasthan Export Award 2019-20’ for doing the highest export turnover during FY 2019-20.
BAG Films: News24 Broadcast India Limited has launched a brand-new news channel by the name of ‘News 24 Madhya Pradesh & Chhattisgarh’, which is being telecasted across all the districts of both the states.
TCS: TCS has been recognised as a leader in the 2021 Gartner Magic Quadrant for Managed Workplace Services, North America.
5Paisa Capital: The board of 5paisa Capital approves fresh capital raise of Rs 2,508.70 million through preferential issue of equity shares and warrants.
Happiest Minds Technologies: Happiest Minds and BeatRoute collaborate to offer revenue realisation solutions for the consumer packaged goods (CPG) industry.
Future Retail: The company’s advocates are in receipt of communication from advocates of Amazon.com NV Investment Holdings LLC informing that Amazon has filed a special leave petition before Supreme Court of India against the captioned order dated March 22, 2021 passed by the division bench of Delhi High Court.
Route Mobile: The company has clarified that its systems are secure while the posts & claims, which is being circulated about an alleged data breach is not from their current systems.
IIFL Finance: IIFL Finance Limited had purchased its own notes, listed in Singapore Exchange Securities Trading Limited (SGX-ST), amounting to USD 51,96,000 (nominal value) through open market and further initiated for cancellation of notes.
Neuland Laboratories: CRISIL Ratings has assigned credit rating to long-term rating and short-term rating of CRISIL A-/stable and CRISIL A2+, respectively.
Wipro: The IT major will report its quarterly earnings on April 15.