Key Stocks in Focus: TCS, Wipro, Vi, TaMo, HUL, CAMS, Dr Reddy's, Adani Total Gas

Key Stocks in Focus: TCS, Wipro, Vi, TaMo, HUL, CAMS, Dr Reddy's, Adani Total Gas
Here are some stocks that are expected to draw attention on Friday, April 12:
TCS is anticipated to reveal moderate Q4FY24 figures, propelled by significant deal wins, despite ongoing weaknesses in key international markets. The company is set to unveil its earnings for the March quarter on Friday, April 12. Analysts predict TCS's revenue growth to be in the lower single digits quarter-on-quarter (QoQ) in constant currency terms. The EBIT margin is expected to hold steady, with operational improvements and cost efficiencies counterbalancing lower margins in the Indian business segment. Apart from key financial metrics, attention will be on deal win trends, attrition rates, and management's insights into near-term demand. According to estimates by Motilal Oswal Financial Services, TCS might report a 5% year-on-year growth in total revenue and an 8% increase in reported PAT for the quarter.
Vodafone Idea has revealed plans for a Follow-on Public Offer (FPO) of equity shares, aiming to raise up to Rs 18,000 crore. The FPO is scheduled to commence next week, with subscriptions open from April 18 to April 22. Offers for anchor investors will be reviewed on April 16, according to the company's filing. Vodafone Idea's Capital Raising Committee is scheduled to meet later on Friday to determine the price band and discount for the FPO. Additionally, the company will engage in roadshows and discussions with investors and analysts from April 15 until the offer concludes.
Wipro Ltd has appointed Malay Joshi as the CEO of its largest market, Americas 1. Joshi, a seasoned veteran with nearly three decades of experience at Wipro, will succeed Srinivas Pallia, who has led the unit since January 2021 until his recent promotion. Joshi's appointment is effective immediately, and he will join Wipro's executive board.
Tata Motors reported an impressive 8% increase in total global wholesales for the fourth quarter ending March 31, 2024, reaching 377,432 units, compared to the same period the previous year. This growth was largely driven by a 15% increase in global wholesales of passenger vehicles, including electric vehicles, totaling 155,651 units in Q4FY24. Jaguar Land Rover (JLR), Tata Motors' subsidiary, recorded an 81% growth in retail sales in India for FY24, selling a total of 4,436 units.
Hindustan Unilever (HUL) has been restrained by the Calcutta High Court from using the 'Glow & Handsome' mark for its men's care products, following a lawsuit filed by competitor Emami. The court order, issued on April 9, grants HUL a month to comply. This legal dispute stems from HUL's rebranding of its men's fairness cream to 'Glow & Handsome' in 2020, which closely resembled Emami's 'Fair & Handsome' product line. The court found merit in Emami's claim of passing-off.
Edelweiss Alternatives-backed platform Infrastructure Yield Plus has acquired a 100% stake in L&T Infrastructure Development Projects Ltd (L&TIDPL), previously owned by Larsen & Toubro (51%) and Canada Pension Plan Investment Board (CPP Investments) (49%). This acquisition expands the infrastructure platform to 26 assets, including roads, power transmission assets, and renewables, with a projected annual revenue of Rs 3,000 crore.
Adani TotalEnergies E-Mobility, a subsidiary of Adani Total Gas, has entered into a Memorandum of Understanding (MoU) with MG Motor India to enhance India's EV charging infrastructure. The collaboration aims to develop charging solutions for EVs and offer value-added services to MG's EV customers across the country. ATEL will install CC2 60 kW DC chargers at future MG dealerships as part of this initiative.
Metropolis Healthcare reported a 10% year-on-year increase in overall revenue, with core business revenue growing even stronger at 15% compared to the previous year. The company's sales volume in Q4FY24 increased by 8% year-on-year, while Revenue Per Patient (RPP) rose by 7% YoY. Metropolis Healthcare achieved a significant milestone by becoming debt-free as of March 31, 2024.
Computer Age Management Services (CAMS) has received authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator. The company's payment business unit, CAMSPay, recorded over 1.2 million mandates for UPI Autopay in the previous month, indicating its growing presence in the online Digital Payments Segment.
Dr. Reddy's has launched its drug-free migraine management device, Nerivio, in Germany via its subsidiary, betapharm. Nerivio, approved by the USFDA and certified by CE-mark, utilizes Remote Electrical Neuromodulation (REN) for the acute and/or preventive treatment of migraines in adults and adolescents aged 12 years and above.
The US FDA issued a comprehensive report outlining procedural observations during its inspection of Alkem Laboratories' Baddi unit last month. The report highlighted issues related to cleanliness and procedural errors, as per the US FDA's findings.
Signature Global reported a 6% increase in net debt to Rs 1,160 crore in the last fiscal year, primarily due to land purchases for housing project development. Despite this, the company achieved record sales bookings of Rs 7,270 crore in 2023-24, doubling from the previous fiscal year. Signature Global sold 1,008 luxury homes in its new Gurugram project for approximately Rs 3,600 crore in March, surpassing its sales target for the fiscal year.