Stocks in focus: Wipro, L&T InfoTech, Tata Elxsi, Zomato IPO, HDFC AMC, Just Dial are some of the company stocks in news today

On the back of news and first-quarter results, Zee Business Senior Research Analyst Varun Dubey points out that the last session today in this week will be buzzing. He mentions all the important after-market quarterly results are in line with expectations and should be in focus today.

In this, Dubey says Wipro leads the chart, as the Q1 results have justified the buzz in the shares of Wipro. Meeting expectations, the IT major has reported a 12.5 per cent growth in revenue on a quarter-on-quarter basis, while its margin fell by 17.3 per cent and profit up 10 per cent QoQ.

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The company’s both topline and bottom line have been good, while constant currency growth reported at 12 per cent and Q2 revenue guidance is seen at 5-7 per cent, the analyst mentions. He adds this has been the best quarter so far and management is confident of double-digit growth in FY22.

Similarly, L&T InfoTech Q1 results were in line with expectations, as revenue jumped by 6 per cent, margin down to 16.4 per cent from 19.4 per cent, and profit reported at Rs 500 crore versus Rs 460 crore estimates. The company has reported 4.8 per cent cc growth, declared Rs 10 apiece dividend. 

खबरों और नतीजों के दम पर आज किन शेयरों में रहेगा एक्शन?

कैसे रहे विप्रो, L&T इंफोटेक और टाट एलेक्सी के तिमाही नतीजे?

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While Tata Elxsi too reported in-line Q1 results with expectations, revenue grew by 10 per cent, margin down 27 per cent from 31.2 per cent, and profit stood at Rs 113 crore, says the analyst adding further that the company has got a lot of growth from US business.

Cyient Q1 results met expectations, as revenue fell by 3.2 per cent, while margins increased to 13 per cent from 9 per cent and profit stood at Rs 115 crore from Rs 103 crore QoQ.

Broking companies have been surging lately on exchanges, says Dubey. In this regard, he adds, Angel Broking Q1 revenue almost doubled and margin jumped 36.9 per cent from 29 per cent, while profit at Rs 121 crore against Rs 48 crore YoY. He says, the company has proposed a name change to Angel One Limited or Angel One Fintech Ltd.

Tata Steel Long Q1 results were also in-line, with revenue up 9 per cent, margin at 30.8 per cent, profit stood at around Rs 332 crore in the June-end quarter.

Q1 results expected today are: HDFC AMC, L&T Finance, Just Dial (both results and fundraising), says the analyst. Similarly, PNB Housing is in focus amid SAT’s hearing against PNB Housing vs SEBI, and it also last date today for the fourth installment gold bond that is of Rs 4807 per gram.

Similarly, Last for Zomato IPO, Tatva Chintan Pharma’s IPO opens today, BEML has made land asset subsidiary company to demerge surplus land, BPCL privatisation to complete by September, as per petroleum secretary, Bandhan Bank quarter update and Century Textiles JV with Grasim for net fabrics, are the other some news which could impact the companies’ shares, Dubey points out.