Stocks in News
Infosys: The company reported higher consolidated profit at Rs 5,421 crore in Q2FY22 against Rs 5,195 crore in Q1FY22, revenue jumped to Rs 29,602 crore from Rs 27,896 crore QoQ. Dollar revenue increased to $3,998 million from $3,782 million in the same period.
Wipro: The company 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: The company's net profit increased by 16.2% to Rs 399 crore and revenue grew by 12.8 percent to Rs 2,586.2 crore in Q2FY22 on sequential basis. The dollar revenue at $350.1 million grew by 12.8 percent sequentially.
UltraTech Cement: The company 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: The company 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, 2021.
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