Infosys, Tata Consultancy Services, Dodla Dairy and other stocks to watch on July 15

Jul 15, 2021

By: Rounak Jain

Credit: BCCL

Infosys

The IT major reported a 23 percent increase in net profit in the June 2021 quarter to ₹5,195 crore. Revenue surged 18 percent to ₹27,896 crore, year-on-year.

Credit: Infosys

Tata Consultancy Services

Announced plans to expand in Arizona, US, with an intention to invest over $300 million (approx. ₹2,200 crore) by 2026.

Credit: Tata Consultancy Services

Dodla Dairy

Reported a net profit of ₹9.6 crore in the March 2021 quarter against a loss of ₹2 crore a year ago. Revenue increased marginally to ₹531 crore from ₹527 crore, year-on-year.

Credit: Dodla Dairy

L&T Technology Services

Nearly doubled its net profit in the June 2021 quarter to ₹216 crore from ₹117 crore a year ago. Revenue surged 19 percent to ₹1,563 crore, year-on-year.

Credit: BCCL

Earnings today

Wipro, L&T Infotech, Cyient, Tata Elxsi, Tata Steel Long Products, Angel Broking, Rama Paper Mills, Aditya Birla Money.

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IPO Watch

Zomato IPO fully subscribed on Day 1.

Credit: Flickr

Craftsman Automation

Terminated its joint venture agreement signed with Mitsubishi Corporation and its group companies for selling electric discharge and laser cutting machines. It said it wants to focus on its primary business.

Credit: Craftsman Automation

Rossari Biotech

ICRA has assigned a long-term rating of AA- Stable for its fund-based working capital facilities and a short-term rating of A1+ to its non-fund based limit facilities.

Credit: Rossari Biotech

Marico

Announced that it will acquire a 60 percent stake in Apcos Naturals which makes products under the ayurvedic beauty brand Just Herbs.

Credit: Marico

Adani Transmission

Received shareholder approval to raise ₹2,500 crore through equity shares, debentures and securities.

Credit: Adani Transmission

Adani Enterprises, Infosys, Mindtree and other top stocks to watch out for on July 14