The important stocks on which you have to focus today are TCS, Wipro, Vodafone Idea, Tata Motors, HUL, and Adani Total Gas.
These quality stocks are in the news today due to their various updates. Let us know why these stocks are in the news today.
TCS Ltd
Tata Group’s IT company will present results for the March quarter today i.e. on Friday, April 12. Experts estimate the TCS’s revenue growth to be single digits for the quarter in constant exchange rates.
EBIT margins are likely to remain in a stable range. In the current quarter, TCS is likely to post 5% growth year-over-year in revenue total and an increase of 8% in the PAT. This is according to Motilal Oswal Financial Services estimates.
Tata Motors Ltd
Tata Motors, on the 10th of April, announced an impressive 8% increase in global wholesale sales for the fourth quarter that ended the 31st of March, 2024 up to 377,432 units from the same period last year.
Global wholesales of passenger vehicles including electric vehicles in the period of 154,551 units, which is an impressive increase of 15% in comparison to Q4FY23.
The subsidiary of the company Jaguar Land Rover (JLR) has reported an increase of 81% in sales to retail customers in India which amounted to an overall sales total of 4,436 units.
Vodafone Idea Ltd
The company is planning to launch a follow-on public offering (FPO) of its major equity shares, to raise to the amount of Rs18,000 crore.
FPO is scheduled to begin next week. This FPO will be available for subscription between April 18 and 22nd April.
Wipro Ltd
Wipro recently announced its selection of its veteran company employee for the US the largest and fastest-growing market.
He will succeed the CEO who is currently in charge, Srinivas Palliya, who has been in charge since January 2021.
He who has more than three decades of experience at the IT firm based in Bengaluru that will take on his new job immediately.
Adani Total Gas Ltd
Adani Total Energies e-Mobility which is an affiliate of Adani Total Gas, and MG Motor India have signed an agreement to develop India’s electric vehicle charging infrastructure.
In the MoU, ATEL will install 60 kW DC chargers CC2 in future MG dealerships to improve the charging network and increase customer accessibility.
Hindustan Unilever Ltd
The Calcutta High Court has issued an order against Hindustan Unilever, restraining it from using the ‘Glow & Handsome’ brand for its men’s care products. This follows an action brought by an Emami, a competitor.
HUL was given a month to abide by the directive. HUL had named its men’s fairness cream ‘Glow & Handsome’, which is similar to Emami’s ‘Fair & Handsome’.
Larsen & Toubro Ltd
Edelweiss Alternatives’ platform Infrastructure Yield Plus Strategy has succeeded in acquiring a 100 percent part of L&T Infrastructure Development Projects Limited (L&TIDPL) that was previously owned by Larsen & Toubro (51%) and Canada Pension Plan Investment Board (CPPIL).
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