The results were good and bad, yet the dividend was announced, strong action can be seen in these stocks today on the basis of the news
The stock market can open again with a big boom today. Because, the trading with a rise in GIFT Nifty and positive signals are coming from the markets around the world. Since, the earning season is going on in the market and many companies released their fourth quarter results after the market closed yesterday. In such a situation, the effect can be seen in their shares today. Let us tell you about the stocks that are in the headlines in terms of news…
HCL Technology
The country’s leading IT company HCL Technology presented its fourth quarter results. The company said that its profit in Q4 was 4307 crores with a decline of 6.2 percent. However, there has been an increase in revenue. The company has announced a dividend of Rs 18 per share.
Mahindra & Mahindra Financial
NBFC, Mahindra & Mahindra Financial’s profit also fell 9 percent on YoY basis to Rs 563 crore. In the same quarter last year, this figure was Rs 619 crore. However, the company’s net interest income has increased by 9 percent. After these results, brokerages have reduced the target price on M&M Financial shares. The company has announced a dividend of Rs 6.50 per share.
Tata Communication’s Q4 results
The profit of Tata Group company Tata Communication has doubled. The company said that its profit in the fourth quarter has increased by 223 percent to Rs 1040. Along with this, revenue has also increased. The board has also announced a final dividend of Rs 25.
Wari Energies
In the fourth quarter, the profit of Wari Energies increased by 34.1% to Rs 618.9 crore, while last year it was Rs 461.5 crore. At the same time, the company’s revenue increased by 36.4% to Rs 4,003.9 crore, while last year it was Rs 2,935.8 crore.
AU Small Finance Bank
The profit of AU Small Finance Bank fell by about 5 percent to Rs 503.7 crore in Q4. However, the net interest income of the bank has increased by 3.5 percent.
