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Stocks in News today: The shares of Wipro, Havells India, Polycab India, Infosys, and Axis Bank will be in focus on October 18, 2024 (Friday).
Trending Stocks on October 18, 2024: Wipro, Havells, Polycab, Axis Bank, Infosys (Pic: News9live and Pixabay)
Mumbai: The shares of Wipro, Havells India, Polycab India, Infosys, and Axis Bank are in news on October 18, 2024 (Friday). The trends showed that the mentioned stocks are creating high search volumes as large number of people are looking for queries.
The BSE Sensex and NSE Nifty slumped as unabated foreign fund outflows drag markets lower today. The 30share index barometer dropped 570.45 points to 80,436.16 while the Nifty fell 178.3 points to 24,571.55.
Wipro share price
Wipro shares were trading with nearly 5 percent gains at Rs 553.95 apiece. The IT major will be declaring its Q2 Results of 2024-25 today. The stock has gained around 25 per cent in the last six months and 35 per cent in the past one year.
Polycab share price
Polycab India shares were down over 5 per cent and were trading at Rs 6,728.95 per equity share. The shares of Polycab India are in news today as the company declared its Q2 Results of 2024-25 on October 17, 2024. The company reported a 3.6 percent year-on-year (YoY) increase in net profit to Rs 445.2 crore in the quarter. The wires and cables maker declared an increase in total income to Rs 5,574.6 crore in the June quarter of the current fiscal.
Axis Bank share price
Axis Bank shares were trading with over 3 percent gains at Rs 1171 per equity share. The banking stock gained after Axis Bank declared an impressive Q2 Results 2024-25. The lender declared that its consolidated net profit for the second quarter of the current financial year increased 19.29 per cent to Rs 7,401.26 crore. The third largest private sector bank announced that its net profit jumped 18 per cent to Rs 6,917.57 crore in the second quarter of FY2024-25.
Infosys share price
Infosys share price was down nearly 3 per cent and trading at Rs 1913.10 per equity share. The second largest IT company by market share declared its Q2 Results of 2024-25 on 17th October. The company reported a near 5 per cent rise in its second quarter net profit. The company declared that its consolidated net profit stood at Rs 6,506 crore in July-September quarter.
Revenues in CC terms grew by 3.3% YoY and 3.1% QoQ
Reported revenues at `40,986 crore, growth of 5.1% YoY
Operating margin at 21.1%, decline of 0.1% YoY and flat QoQ
Havells share price
Havells India shares were trading marginally at Rs 1813.75. The consumer electrical goods maker registered a surge of 7.5 per cent in its consolidated net profit to Rs 267.77 crore in the second quarter of 2024-25. The company declared that its revenue from operations increased 16.38 per cent to Rs 4,539.31 crore.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
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