Stocks to watch: Wipro, Infosys, Bajaj Finance, Havells India

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Bajaj Finance reported net profit of Rs 1,002.4 crore in Q1FY22 vs. Rs 962.3 crore in Q1FY21

Domestic stock markets are expected to open in the green on positive global signals. Wall Street closed positively overnight, Asian markets opened on a firm note and early indications from SGX Nifty futures trading point to a strong open for home indices. The trends on SGX Nifty indicate an opening gap for the Nifty, with a gain of 125 points. As of 7:30 am, Nifty futures were trading at 15,736, up 125 points or 1.2 percent, on the Singapore Stock Exchange.

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On Wednesday, the BSE Sensex lost 354.89 points to 52,198.51 and the NSE Nifty lost 20.30 points to 15,632.10.

Actions to watch for in today’s session

Wipro

Wipro has launched Wipro FullStride Cloud Services and will invest $ 1 billion in cloud technologies, capabilities, acquisitions and partnerships over the next three years.

Infosys

US subsidiary Infosys Public Services has launched a blockchain network to modernize public record keeping for Riverside County in California.

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Bajaj Finance

Bajaj Finance reported higher consolidated profit at Rs 1,002.4 crore in the first quarter of fiscal 22 compared to Rs 962.3 crore in the first quarter of fiscal 21, while net interest income increased to Rs 4,489 crore vs. Rs 4,152 crore year-on-year.

Havells India

Havells India reported higher consolidated profit at Rs 235.78 crore in Q1FY22 versus Rs 63.98 crore in Q1FY21.

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Jubilant FoodWorks

Jubilant FoodWorks reported a net profit of Rs 63 crore for the first quarter ended June (T1FY22), compared to a net loss of Rs 74 crore reported in the corresponding period of FY21.

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