Top Stocks to Watch: The stock market is looking bright before Diwali. Tremendous growth was seen for the second consecutive day. Now on Friday, investors will keep an eye on 5 big stocks, regarding which big updates came on Thursday. Movement may be seen in these stocks.
5 Stocks to Watch: On Thursday, before Diwali, the stock market registered tremendous gains for the second consecutive day. Sensex rose 862 points to close at 83,468 and Nifty jumped 262 points to close at 25,585. But the real action will now be seen on Friday, as it is the last trading day before the weekend and Diwali holidays. Today, after the stock market closed on 16th October, big news came about many companies, the impact of which can be seen on their stocks on 17th October. Every investor has an eye on these 5 big stocks.
Wipro share
IT giant Wipro released its September quarter results. The company’s income increased from ₹ 22,080 crore to ₹ 22,641 crore on quarter-on-quarter (QoQ) basis, i.e. an increase of about 2.5%. However, it was slightly below market estimates (₹22,700 crore). On Thursday, the company’s shares closed at ₹253.70 with a rise of 1.39%. Movement may be seen in this stock on Friday.
Infosys Share
Infosys has made investors happy before Diwali. The company’s profit increased by 6.4% compared to the first quarter at ₹7,365 crore. Income also increased to ₹ 44,490 crore, whereas the estimate was ₹ 44,142 crore, i.e. the company has given better performance than expectations. The company has also announced a dividend of ₹ 23 per share to its shareholders. The stock closed marginally lower at ₹1,470.90 on Thursday.
Cyient Share
Cyant Limited’s results were a bit weak, but the stock still showed strength. The company’s profit fell 28.8% to ₹127.5 crore in the September quarter. Income also declined to ₹1,781 crore, from ₹1,849 crore in the previous quarter. Yet the stock closed at ₹1,168 on Thursday with a gain of 3.82%. The company board announced an interim dividend of ₹16 per share to investors.
LTIMindtree Share
LTIMindtree has also presented better results than expected. The company’s profit increased by 10.1% compared to the first quarter to ₹ 1,381.2 crore. Income also increased by 5.6% and stood at ₹10,394.3 crore, which was better than the estimate of ₹10,308 crore. On Thursday, the stock closed in the green at ₹5,615.
Punjab & Sind Bank Share
Public sector bank Punjab and Sindh Bank has also given good results. The bank’s profit increased from ₹240 crore to ₹295 crore in the September quarter. Net interest income (NII) also increased to ₹950 crore, which was earlier ₹873.8 crore. On Thursday, the stock closed with a slight gain at ₹30.24.
Disclaimer: The information given in this article is only for general awareness. The shares, companies or investment options mentioned herein are not investment advice of any kind. Investing in the stock market is subject to market risks. Before investing, please consult your financial advisor.
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