Stocks in Focus on October 15: Likhitha Infrastructure, Infosys, Tata Elxsi, TCS to Hindustan Zinc; here are the 5 Newsmakers of the Day

Equity benchmarks on Wednesday, October 14, 2020, climbed for the tenth consecutive session even as the global cues were negative. The BSE 30-share index, Sensex gained 169.23 points or 0.42 per cent to settle at 40,794.74. The NSE Nifty-50 index also rose 36.55 points or 0.31 per cent to settle at 11,971.05. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Thursday, October 15, 2020. List of such five stocks:

Triggers: Certain events, like Results, Nifty/Bank Nifty expiry, Likhita Infra and Unlocking, can create positive/ negative reactions in the share market when it opens today. Find them in detail:

Results 

F&O: Mindtree (post-market) 

Weekly Expiry: The weekly index options will expire on Nifty and Bank Nifty, today.

Likhitha Infrastructure: The oil and gas pipeline infrastructure service-provider Likhitha Infrastructure will make its market debut today, i.e. on October 15, 2020, with the final issue price fixed at Rs 120 per share. The company has earlier opened its initial public offering of Rs 61 crore and saw 9.51 times subscription. Following a poor response from qualified institutional buyers (QIBs) on the final day of bidding, the company extended the closing date to October 7,2 2020, from October 1, 2020, and also revised the price band to Rs 116-120 per share from Rs 117-120 earlier. The issue opened for subscription on September 29.

Unlocking: Cinema halls, theatres and multiplexes in the Delhi and Uttar Pradesh are reopening today with only 50 per cent seating capacity. Railways will run 200 special trains between October 15, 2020, and November 30, 2020, to cater to passengers travelling during the festive season. The government has allowed the opening of the entertainment parks. The number of local trains on the Western Railway route of Mumbai will increase

Infosys: The IT consulting company Infosys on Wednesday reported 14.5% quarter-on-quarter (QoQ) jump in consolidated profit at Rs 4,845 crore for the quarter ended September 30, 2020. It had posted a net profit of Rs 4,233 crore in the quarter ended June 30, 2020. Consolidated revenue from operations grew 3.8% to Rs 24,570 crore in Q2FY21 compared to Rs 23,665 crore posted in Q1FY21. $ Revenue grew 6.1% to $ 3331.2 crore against $312.1 crore posted in the previous quarter. EBIT stood at Rs 6,228 crore up 16.1% from Rs 312.1 crore. The EBIT margin grew by 25.3% in Q2FY21 against 22.7% in Q1FY21. Besides, the company announced an interim dividend of Rs 12 per share and fixed October 26, 2020, as the record date for the purpose. Apart from this, the company also announced that it will roll out salary increases and promotions across all levels effective January 1, 2021. Infosys also said it is giving 100% variable pay along with a special incentive for Q2.

Tata Elxsi: The Company on Wednesday reported a 14.5% quarter-on-quarter increase in consolidated profit at Rs 78.9 crore for the quarter ended September 30, 2020. It had posted a consolidated profit of Rs 68.9 crore in the previous quarter. Consolidated revenue of the company grew 5% to Rs 434.5 crore in July-September quarter FY21 against Rs 413.9 crore posted in April-June quarter FY21. EBIT grew by 16.8% to Rs 111.3 crore against Rs 95.3 crore posted in Q1FY21. The margin grew to 25.6% in Q2FY21 against 23% reported in Q1FY21. 

Tata Consultancy Services (TCS): India’s largest software services company on Wednesday said it has seen a surge in demand for its services and expects to recruit 10,000 individuals in the US by 2022.

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Hindustan Zinc: Vedanta Group firm Hindustan Zinc Ltd (HZL) on Wednesday said it has signed a pact with the Gujarat government to set up a greenfield zinc smelter in the state. The project will entail an investment of up to Rs 10,000 crore.