Markets took a breather after the recent surge and ended marginally higher on Wednesday. In today’s trade, shares of Bajaj Finance, Nestle, Tech Mahindra, IndusInd Bank, Axis Bank, HUL, Kotak Bank among others will be in focus due to various related developments or quarterly earnings.
Bajaj Finance, Nestle, Tech Mahindra, IndusInd Bank
Shares of Bajaj Finance, Nestle, Tech Mahindra and IndusInd Bank will be in focus as the companies will announce their quarterly results later in the day.
Axis Bank
Axis Bank announced a fundraising plan along with the fourth quarter results, where the lender reported a profit of Rs 7,130 crore as against a loss a year earlier.
LTIMindtree
IT services company LTIMindtree reported consolidated net profit of Rs 1,100 crore for the March quarter, which is down 1% year-on-year.
Read more: Here’s the trade setup for today’s session
Motilal Oswal AMC
Motilal Oswal Group on Wednesday announced strategic leadership changes to continue accelerating growth with transformative strategies in the AMC.
HUL
FMCG major Hindustan Unilever Ltd (HUL) reported 6% drop in its standalone net profit at Rs 2,406 crore for the quarter ended March 2024.
Delhivery
Canada Pension Plan Investment Board (CPPIB) is looking to sell part stake in logistics services provider Delhivery for an estimated value of $110 million, according to reports.
Indian Hotels
Indian Hotels Company Limited (IHCL) today reported a consolidated net profit of Rs 418 crore in the March ended quarter which was up by over 27%.
Dalmia Bharat
Dalmia Bharat reported a net profit of Rs 320 crore for the March quarter. Revenue from operations stood at Rs 4,307 crore.
Kotak Mahindra Bank
Kotak Mahindra Bank said it has received an order from the Reserve Bank to temporarily pause onboarding of new customers though the lender’s online and mobile banking channels and issuance of fresh credit cards.
Syngene International
Syngene International posted net profit of Rs 189 crore for the quarter ended March 2024. Revenue from operations were at Rs 917 crore.
SBI
The Financial Services Institutions Bureau (FSIB) has recommended Rana Ashutosh Kumar Singh for the position of MD in SBI.
