Top stocks in focus: Infosys, Wipro, Mindtree, UltraTech Cement, KEC International

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

Oct 14, 2021 07:10 IST India Infoline News Service

Infosys reported a higher consolidated profit at Rs5,421cr in Q2FY22 against Rs5,195cr in Q1FY22, revenue jumped to Rs29,602cr from Rs27,896cr qoq. Dollar revenue increased to $3,998 million from $3,782 million in the same period.

Wipro reported a 6.9% qoq growth in IT services segment revenue at $2,580 million in Q2FY22, and its constant currency IT services segment revenue increased by 8.1% qoq in the same period. It expects 2-4% growth in constant currency IT services segment revenue in Q3FY22.

Mindtree net profit increased by 16.2% to Rs399cr and revenue grew by 12.8% to Rs2,586.2cr in Q2FY22 on sequential basis. The dollar revenue at $350.1 million grew by 12.8% sequentially.

UltraTech Cement commissioned 1.2 mtpa cement capacity in October 2021, which will help the company to service the fast-growing cement demand in the Eastern markets.

KEC International has completed the acquisition of Spur Infrastructure and hence, Spur Infrastructure is now a wholly owned subsidiary of the company.

DB Realty: Income Tax authorities carried out search and seizure operations at the premises of the company and key managerial personnels from October 7, 2021 upto October 12.

Results today: HCL Technologies, Indiabulls Real Estate, Benares Hotels, Century Textiles, Cyient, Den Networks, Ganesh Housing Corporation, GTPL Hathway, Inox Wind, Inox Wind Energy, Mahindra CIE Automotive, Radhe Developers, Superior Finlease, Vikas EcoTech, and Vikas Lifecare

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