Wipro, L&T Infotech, Tata Motors and other top stocks to watch out for on July 16

Jul 16, 2021

By: Rounak Jain

Credit: BCCL

Wipro

Reported a 36 percent jump in profit in the June 2021 quarter at ₹3,243 crore, while revenue surged by 22 percent to ₹18,252 crore, year-on-year. This is the company’s best ever quarter.

Credit: Wipro

L&T Infotech

Reported a net profit of ₹497 crore, up from ₹416 crore a year ago. Revenue jumped to ₹3,463 crore from ₹2,949 crore, year-on-year.

Credit: L&T Infotech

Tata Motors

Its board will consider a fundraising proposal worth ₹500 crore via non-convertible debentures.

Credit: BCCL

Earnings today

HDFC Asset Management Company, L&T Financial Holdings, Just Dial, Visagar Polytex, Den Networks.

Credit: Pixabay

Bandhan Bank

Its deposits in the June 2021 quarter reached ₹77,336 crore, up by 28 percent, while advances reached ₹80,128 crore, up by 8 percent, year-on-year.

Credit: Bandhan Bank

Cyient

Reported a 41 percent jump in profit to ₹115 crore in the June 2021 quarter, while revenue increased by 7 percent to reach ₹1,058 crore, year-on-year.

Credit: Cyient

Sona Comstar

Partnered with Israeli firm IRP Nexus Group to co-develop a new electric motor that does not need rare earth elements.

Credit: Sona Comstar

Tata Elxsi

Reported a 65 percent surge in net profit to ₹113 crore, from ₹69 crore a year ago. Its revenue surged by 39 percent to ₹558 crore, year-on-year.

Credit: Tata Elxsi

IPO Watch

Zomato IPO oversubscribed by 5 times on Day 2. Tatva Chintan Pharma Chemical’s IPO to open today.

Credit: Flickr

Indian Oil

Its Paradip refinery has been hit by glitches. The company is planning a partial shutdown to sort it out.

Credit: BCCL

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