Watchlist Stocks: Wipro, HCLTech, Tata Consumer, Lupin
Adani Enterprises: Adani New Industries a subsidiary, won a contract from Solar Energy Corporation of India (SECI) to establish an electrolyzer-manufacturing capacity of 198.5 MW per year under the Strategic Interventions for Green Hydrogen Transition Scheme (Tranche-I).
Wipro: The company reported a decline of 1.09% in revenue for IT services in the December quarter, with revenue in dollar terms falling 2.1% sequentially to $2,656.1 million ($2,700.9 million in constant currency terms).
HCL Technologies: The company clocked 13.5% sequential growth in profit at Rs 4,350 crore in the December quarter, beating analysts' expectations. Revenue grew 6.7% sequentially to Rs 28,446 crore (6% in constant-currency terms).
Tata Consumer Products: The company has agreed to purchase 100% stakes in Capital Foods and Organic India for Rs 5,100 crore and Rs 1,900 crore, respectively.
Avenue Supermarts: Revenue and net profit increased by 17.3% and 17.6% respectively in Q4. EBITDA increased by 16% and the margin remained flat at 8.2%.
Lupin: The company has received USFDA approval for propranolol hydrochloride extended-release capsules that are used to treat hypertension, migraines and anginas. The drug will be manufactured in the company's Pithampur facility. It had sales of $71 million in the US from January to November 2023.
Bharat Heavy Electricals: The Talabira Thermal Power Project (NTTPP) in Jharsuguda, Odisha has awarded a Rs 15,000 crore contract to the company for an EPC package to build three 800 MW units. .
Just Dial: The company's net profit grew by 22.3% YoY to Rs 92 crore in Q3. Revenue from operations increased by 19.7% to Rs 265 crore.
Vikas Lifecare: Genesis Gas Solutions, a subsidiary, has incorporated a joint venture with Indraprastha Gas (IGL) called IGL Genesis Technologies.
