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Business News/ Markets / Stock Markets/  Stocks to Watch: Wipro, HCLTech, Tata Consumer, Lupin
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Stocks to Watch: Wipro, HCLTech, Tata Consumer, Lupin

Here are some stocks to watch out for ahead of Monday’s trading session.

Tata Consumer has signed agreements to acquire a 100% stake in Capital Foods for ₹5,100 crore and Organic India for ₹1,900 crore. Photo: BloombergPremium
Tata Consumer has signed agreements to acquire a 100% stake in Capital Foods for 5,100 crore and Organic India for 1,900 crore. Photo: Bloomberg

Adani Enterprises: Adani New Industries, a wholly owned subsidiary, has won a contract from Solar Energy Corporation of India (SECI) to set up electrolyser-manufacturing capacity of 198.5 MW a year under the Strategic Interventions for Green Hydrogen Transition Scheme (Tranche-I).

Wipro: The company reported revenue IT services of 22,150.8 crore for the December quarter, down 1.09% from the previous quarter. Revenue in dollar terms fell 2.1% sequentially to $2,656.1 million (1.7% in constant-currency terms).

HCL Technologies: The company clocked 13.5% sequential growth in profit at 4,350 crore in the December quarter, beating analysts' expectations. Revenue grew 6.7% sequentially to 28,446 crore (6% in constant-currency terms).

Tata Consumer Products: The company has signed agreements to acquire a 100% stake in Capital Foods for 5,100 crore and Organic India for 1,900 crore.

Avenue Supermarts: Net profit rose 17.6% to 690.6 crore in the December quarter, while revenue grew 17.3%. Ebitda increased by 16%, while margin remained flat at 8.2%.

Lupin: The company has received USFDA approval for propranolol hydrochloride extended-release capsules that are used to treat hypertension, migraines and anginas. The drug will be manufactured in the company's Pithampur facility. It had sales of $71 million in the US from January to November 2023.

Bharat Heavy Electricals: the company has won a 15,000 crore contract from NLC India for an EPC package for the 3x800 MW NLC Talabira Thermal Power Project (NTTPP) in Jharsuguda, Odisha.

Just Dial: The company recorded a 22.3% year-on-year growth in net profit at 92 crore in the December quarter. Revenue from operations rose 19.7% to 265 crore.

Vikas Lifecare: Its subsidiary Genesis Gas Solutions has accomplished the incorporation of IGL Genesis Technologies, a joint venture with Indraprastha Gas (IGL).

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ABOUT THE AUTHOR
Zaheer Merchant
Zaheer is part of the team that edits and curates Mint's premium content, including Mark To Market pieces, SnapViews and Explainers. He has more than 20 years of experience in journalism, with stints at Mid Day, Mumbai Mirror, Hindustan Times, ESPN and The Economic Times.
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Published: 15 Jan 2024, 06:54 AM IST
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