STOCKS IN NEWS 2024:- Infosys, TCS, Bank of India Q3 results

STOCKS IN NEWS  Wipro Q3 results in 2024, quarterly dividend announcement date and time: Profit to jump? Key expectations, preview

Wipro Q3 results 2024, dividend announcement date and time: Wipro will declare its Q3 results for FY24 on Friday after trading hours, i.e. after 3:30 pm. “The IT major released a statement saying, “Results for the Third Quarter ending December 31, 2023, will be announced on January 12, 2024, Friday, after stock market trading hours in India.”

Date and time of the dividend announcement for Wipro Q3 earnings in 2024: This week, Bengaluru-based IT behemoth Wipro is scheduled to release its Q4 2023 profits for October through December. Along with this, the firm will also declare a dividend for its shareholders.

In an exchange filing last month, Wipro said a meeting of the Board of Directors of the company will be held over January 11-12, 2024 to consider and approve, the condensed audited standalone and consolidated financial results along with the declaration of an interim dividend, if any, for the financial year 2023-24.

STOCKS IN NEWS  Infosys q3 Results 2024

The Board of IT major Infosys on Thursday, January 11, announced a definitive agreement to acquire InSemi, a leading semiconductor design and embedded services provider for ₹280 crore. “consideration up to ₹280 crore, subject to customary closing adjustments, that includes earn-outs, management incentives, and retention bonuses, the business said.

Subject to customary closing conditions, the purchase of InSemi is anticipated to occur during the fourth quarter of fiscal 2024.

By providing specialized design expertise at scale, this relationship will help Infosys speed up its Chip-to-Cloud strategy. It will also work in perfect harmony with the company’s current investments in AI/Automation platforms and industry partnerships. The partnership’s goal is to coordinate through end-to-end

STOCKS IN NEWS TCS Q3 RESULTS 2024

Indian IT services giant Tata Consultancy Services (TCS) saw its total workforce strength reduce for the second consecutive quarter in the October to December 2023 quarter, the firm’s quarterly results showed on January 11.

TCS headcount dropped by 5,680 

after the third quarter of the fiscal year 2023–24, to 603,305 personnel. In contrast, there was a drop in employment of 6,333 during the previous quarter. The company had lost about 2,200 workers in the same quarter the previous year.

At TCS, the attrition rate has decreased to 13.3%.

Atul Ltd Stocks 2024

300 tpd caustic and 50 MW power plant

STOCKS IN NEWS  Bank of India Stocks

The lander’s total deposits grew 9 to Rs 7.1 lakh crore in the third quarter, and gross advances rose 11.4% to Rs 5.66 lakh crore

Bank Of India Share Price Insights

Rank 52 – ET 500

2022 RANKING

Intraday fact check

In the last 19 years, only 4.07 % of trading sessions saw intraday gains higher than 5 %.

Loan Book Growth – Beating 5 Yr CAGR

Bank of India reported a YoY increase of 15.53% in its advances, which is higher than its 5-year CAGR of 7.34%. (Source: Consolidated Financials)

Profit Per Employee – Uptrend

Net profit per employee has been continuously increasing over the last 3 years with a growth of 17.29% last year. (Source: Standalone Financials)

Falling Gross NPA and Net NPA

The bank’s gross NPA% and Net NPA% have fallen continuously over the past 4-years to 7.31% and 1.66%, respectively. (Source: Standalone Financials)

Bank of India Share Price Update

Bank of India’s share price moved up by 2.37% from its previous close of Rs 118.20. Bank of India stock’s last traded price is 121.00

STOCKS IN NEWS  Nuvama wealth Stocks

Nuvama Asset Management & Cushman & Wakefield aim to raise a rs 3000 crore commercial

Nuvama Wealth Manage Share Price Update

Nuvama Wealth Management Ltd.’s share price moved up  by 1.36% from its previous close of Rs 3,538.70. Nuvama Wealth Management Ltd. stock’s last traded price is 3,586.80

STOCKS IN NEWS  Phoenix mills Stocks 

Phoenix Mills had higher ever quarterly consumption of  Rs 3,287 crore in the third quarter Retail in Q3 grew by 24% over the same period last year

  STOCKS IN NEWS  M&M Stocks

 Mahindra & Mahindra’s stake in sustainable energy Infra trust diluted to 10.5% from 15.7% earlier.

STOCKS IN NEWS Nifty NSE Stocks

Nifty NSE Ixtrade 18 points _ 0.08 % higher at 21,718