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Stocks To Watch: TCS, Infosys, Wipro, Tata Motors, Mindtree, Tata Metaliks, Nazara Tech, Dixon

Here are the stocks to watch in trade today...

<div class="paragraphs"><p>A bronze bull statue stands at the entrance of the Bombay Stock Exchange  building. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
A bronze bull statue stands at the entrance of the Bombay Stock Exchange building. (Photographer: Dhiraj Singh/Bloomberg)

India's stock benchmarks advanced on Wednesday, aided by gains in energy, telecom, auto, metal, power and realty stocks.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, rose 0.66% to 18,336.50 as of 7:30 a.m.

Earnings Post Market Hours

Tata Consultancy Services Q3FY22 (Consolidated, QoQ)

  • Revenue up 4.31% at Rs 48,885 crore Vs Rs 46,867 crore (BBG estimates: Rs 48,532.93 crore)

  • Net profit up 1.51% at Rs 9,769 crore Vs Rs 9,624 crore (BBG estimates: Rs 9,988 crore)

  • Ebit up 1.98% at Rs 12,237 crore Vs Rs 12,000 crore (BBG estimate: Rs 12,562 crore)

  • Margins at 25% Vs 25.6% (BBG estimate: 25.88%)

  • Approved Rs 18,000 crore buyback proposal

  • Declared interim dividend of Rs 7 per share

Wipro Q3FY22 (Consolidated, QoQ)

  • Revenue up 3.28% at Rs 20,313.6 crore Vs Rs 19,668.9 crore

  • Net profit up 2.25% at Rs 2,996.5 crore Vs Rs 2,930.6 crore

  • Ebit up 2.41% to Rs 3,575.2 crore Vs Rs 3,491 crore

  • Margins at 17.60% Vs 17.75%

  • Declared interim dividend of Rs 1 per share

Infosys Q3FY22 (Consolidated, QoQ)

  • Revenue up 7.65% at Rs 31,867 crore Vs Rs 29,602 crore (BBG Estimate: Rs 30,867.9 crore)

  • Net profit up 7.16% at Rs 5,809 crore Vs Rs 5,421 crore (BBG Estimate: Rs 5,744.65 crore)

  • Ebit up 7.34% at Rs 7,484 crore Vs Rs 6,972 crore (BBG Estimate: Rs 7,281 crore)

  • Margins at 23.5% Vs 23.6% (BBG Estimate: 23.58%)

Here are the stocks to watch in trade today:

  • Tata Motors: Jaguar Land Rover retail sales continued to be constrained by the global semiconductor shortage in Q3. Retail sales declined 13.6% quarter-on-quarter to 80,126 vehicles. However, wholesale volumes were 69,182 units and production volumes were 72,184 units in the period (both excluding China JV), up 8% and 41% respectively compared to the Q2.

  • Cipla: The stockholders agreement between the company’s subsidiary InvaGen Pharmaceuticals and Avenue Therapeutics remains in force and InvaGen will continue to hold shares in Avenue.

  • Kotak Mahindra Bank: The bank’s board has passed a resolution allowing promoters’ voting rights in the bank to be capped at 26% going forward.

  • PB Fintech: The company has reached an annualised loan disbursal rate of $1.1 billion (excluding credit card issuance). The fintech disbursed Rs 695 crore in December 2021 across 668 cities in India.

  • Mastek: The company will consider payment of interim dividend on Jan. 19.

  • IndBank Merchant Banking Services: The company reported a total revenue of Rs 5.45 crore, up by 36.25% on sequential basis. Net profit of Rs 2.99 crore as compared to Rs 1.43 crore QoQ.

  • Titagarh Wagons: The company acquired infrastructure of erstwhile Precision Shipyard to expand its Ship-building business.

  • Sandhar Technlogies: The company has applied under the Production Linked Incentive scheme for Automobile and Auto Components Sector of the Ministry of Heavy Industries.

  • Nazara Technologies: To consider preferential issue of shares on Jan. 17.

  • Mindspace Business Parks REIT: Executive Committee to meet on Jan. 17 to consider raising upto Rs 500 crore through issue of debt securities.

  • Dixon Technologies: The company has signed the joint venture agreement with Rexxam for manufacturing of printed circuit boards for air-conditioners. JV has received approval under PLI scheme.

Earnings

  • Mindtree

  • CESC

  • Tata Metaliks

  • GTPL Hathway

Who’s Meeting Whom

  • DCM Shriram: To meet investors/analysts on Jan. 19

  • Maruti Suzuki: To meet investors/analysts on Jan. 13.

  • Tata Communications: To meet investors on Jan. 20.

  • CCL Products: To meet investors/analysts on Jan. 20.

  • Onward Technologies: To meet investors/analysts on Jan. 17.

Bulk Deals

  • NCC: KBC Eco Fund sold 32.18 lakh (0.52%) shares at Rs 75.21 apiece.

Block Deals

  • Tata Motors DVR:

    Rakesh Jhunjhunwala bought 12.50 lakh (0.24%) shares at Rs 255 apiece.

    Rare Enterprises sold 12.50 lakh shares (0.24%) at Rs 255 apiece.

Trading Tweaks

  • Price Band Revised From 20% To 10%: Greaves Cotton, India Nippon Electricals

  • Move Into Short-Term ASM Framework: Texmaco Rail & Engineering, HCL Infosystems

  • Move Out Of Short-Term ASM Framework: Medicamen Biotech

  • Ex-Date Buyback: Ajanta Pharma

  • Ex-Date Amalgamation: Srikalahasthi Pipes