Infosys, Wipro, Vodafone Idea and other hot stocks in focus on October 14 as results season heats up

Oct 14, 2021

By: Rounak Jain

Infosys

Reported a 4 percent jump in net profit to ₹5,421 crore, quarter-on-quarter, thanks to significant deal wins like Daimler and increased digital adoption by its clients.

Credit: Infosys

Infosys

The company also increased its revenue growth guidance to 16.5-17.5 percent from 14-16 percent earlier. It declared a dividend of ₹15 per share.

Credit: Infosys

Wipro

Reported a 9.6 percent decline in net profit to ₹2,931 crore, quarter-on-quarter, despite a healthy addition of clients spread across the $10 million to $100 million bands.

Credit: Wipro

Mindtree

Reported a net profit of ₹399, an increase of 16 percent quarter-on-quarter, while revenue surged 13 percent to ₹2,586 crore. It declared an interim dividend of ₹10 per share.

Credit: Mindtree

Vodafone Idea

A media report stated that the telco is in advanced talks to sell a minority stake to Apollo Global Management and Carlyle to raise up to $1 billion over the next 2-3 months.

Credit: BCCL

Earnings today

HCL Tech, Indiabulls Real Estate, Cyient, Inox Wind, Inox Wind Energy, GTPL Hathway, Century Textiles, Mahindra CIE Automotive.

Credit: Pixabay

Reliance, Zee Entertainment

Reliance said its merger talks fell apart with Zee due to Zee-Invesco clashes. Invesco, on the other hand, alluded to corporate governance issues at Zee.

Credit: Reliance-Zee

Westlife Development

The McDonald’s franchise holder said it will add 150-200 stores and invest up to ₹1,000 crore over the next 3-4 years.

Credit: Unsplash

HDFC Bank, Axis Bank and others

HDFC Bank, Axis Bank, IndusInd Bank and Kotak Mahindra Bank are reportedly in the race to acquire Citi India’s consumer businesses, including the lucrative credit cards vertical.

Credit: Citi-Bank

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