Page 26 - Q2 Results
Infosys can hit Rs 1,700, charts hint; how brokerages decode the Q2 nos
The company also announced its fourth share buyback offer worth Rs 9,300 crore, at a price of Rs 1,850 per share.
 "Infosys can hit Rs 1,700, charts hint; how brokerages decode the Q2 nos")
Anand Rathi Wealth hits record high, soars 8% on strong Q2 results
Anand Rathi Wealth reported strong growth in asset under management (AUM) of 16 per cent YoY at Rs 35,842 crore.
 "Anand Rathi Wealth hits record high, soars 8% on strong Q2 results")
Infosys surges 5%; Q2 earnings, Rs 9,300 cr share buyback lifts sentiment
The IT major has increased the lower end of the revenue guidance keeping upper end constant i.e. revenue guidance changed from 14-16 per cent to 15-16 per cent in constant currency terms.
 "Infosys surges 5%; Q2 earnings, Rs 9,300 cr share buyback lifts sentiment")
Stocks to watch: Infosys, Mindtree, Bajaj Auto, Shree Cement, Power Mech
Stocks to watch today: Bajaj Auto & Shree Cement will post September quarter (Q2FY23) results on Friday, October 14; Infosys posted 11 per cent YoY rise in consolidated net profit to Rs 6,021 cr in Q2
 "Stocks to watch: Infosys, Mindtree, Bajaj Auto, Shree Cement, Power Mech")
Infosys Q2 net profit rises 11% to Rs 6,021 cr, raises its FY23 guidance
Bloomberg had estimated revenue to be Rs 36,564 crore and net profit at Rs 5,902 crore
Mindtree Q2 net profit rises 27.5% to Rs 508 cr; revenue up 31.5%
Mindtree signed total contract value (TCVs) worth $518 million, taking its first half of FY23 TCV to $1 billion for the first time ever
 "Mindtree Q2 net profit rises 27.5% to Rs 508 cr; revenue up 31.5%")
Mindtree Q2 net profit rises 27%, beats estimates on strong order wins
BENGALURU (Reuters) - Mindtree Ltd reported a 27.5% jump in second-quarter earnings on Thursday, as the Larsen & Toubro Ltd-backed Indian IT services provider secured more outsourcing orders.
Top headlines: Infy announces Rs 9.3k-cr share buyback; Sep PV sales up 92%
Business Standard brings you top news of the evening
 "Top headlines: Infy announces Rs 9.3k-cr share buyback; Sep PV sales up 92%")
Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7%
CLOSING BELL: The NSE Nifty 50 swung wildly in a range of 17,112 to 16,957 as the weekly F&O expiry was in focus. The index finally settled with a loss of 107 points at 17,017 .
 "Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7%")
Contra bets in HCL Tech and Wipro could give up to 20% gains; Here's why
If Wipro fails to defend the 200-WMA placed at Rs 378, the stock can slide to near Rs 300-mark. On the other hand, HCL Technologies seems to be on course to test Rs 1,200.
 "Contra bets in HCL Tech and Wipro could give up to 20% gains; Here's why")
Wipro slips 6%, hits 52-week low on weak Q3 revenue growth guidance
Wipro expect sequential revenue growth of 0.5 per cent to 2.0 per cent for October-December quarter
 "Wipro slips 6%, hits 52-week low on weak Q3 revenue growth guidance")
Bajaj Auto Q2 preview: Ebitda may rise up to 34% YoY, margins seen flat
Bajaj Auto Q2: Brokerages tracking the company expect it to report a double digit sequential growth in net profit on the back of healthy volume-based sales during the quarter
 "Bajaj Auto Q2 preview: Ebitda may rise up to 34% YoY, margins seen flat")
Brokerages positive on HCL Tech as co ups FY23 revenue outlook; stock up 4%
The company raised its full-year revenue growth guidance to 13.5-14.5 per cent, from 12-14 per cent on a constant currency (CC) basis, citing strong order bookings and pipeline.
 "Brokerages positive on HCL Tech as co ups FY23 revenue outlook; stock up 4%")
Stocks to watch: Infosys, Mindtree, HCL Tech, Wipro, Adani Ports, PVR, SBI
Stocks to watch today: Infosys, MindTree will report September quarter (Q2FY23) results on Thursday, October 13; HCL Tech saw 7 per cent YoY rise in consolidated net profit to Rs 3,489 crore in Q2FY23
 "Stocks to watch: Infosys, Mindtree, HCL Tech, Wipro, Adani Ports, PVR, SBI")
HCLTech revenue growth guidance raised to 13.5-14.5%; Q2 profit up 7%
Revenue grows 19.5% to Rs 24,686 crore in Q2
 "HCLTech revenue growth guidance raised to 13.5-14.5%; Q2 profit up 7%")
Wipro's Q2 profit slips 9.2% amid high employee costs; revenue up 14.6%
Attrition for the quarter was at 23 per cent, down from 23.3 per cent from last quarter
 "Wipro's Q2 profit slips 9.2% amid high employee costs; revenue up 14.6%")
Reliance Retail's brand partnerships increase three-fold in the past decade
A Business Standard analysis found that while the number of Reliance retail stores has grown fourfold in six financial years, this growth has not been uniform
 "Reliance Retail's brand partnerships increase three-fold in the past decade")
Weak volumes remain an overhang on Whirlpool stock; Q2 sales hit
Volatility in commodity prices and rise in competitive intensity are expected to weigh on margins
 "Weak volumes remain an overhang on Whirlpool stock; Q2 sales hit")
Sensex snaps 3-day losing streak, ends 479pts higher; Nifty reclaims 17,100
CLOSING BELL: Power majors - PowerGrid, NTPC along with FMCG and select financial shares were the major gainers in trade among the Sensex 30 on Wednesday.
 "Sensex snaps 3-day losing streak, ends 479pts higher; Nifty reclaims 17,100")
Infosys Q2 preview: Revenue could rise by up to 26% YoY; share buyback eyed
Infosys Q2 results preview: The company's margins are expected to improve by around 30 basis points (bps) on a quarterly basis (QoQ) to 20.3 per cent vs 20.1 per cent in Q1FY23 and 21.5 per cent in Q4
 "Infosys Q2 preview: Revenue could rise by up to 26% YoY; share buyback eyed")
