The stock market started the day on a quiet note. Some well-known companies are in focus because of their latest results, business deals, and leadership changes. Stocks to watch include TCS, Zee Entertainment, JSW Infrastructure, PC Jeweller, and Hindustani Unilever. Here’s why these stocks are important today.
Stocks to Watch
TCS
Tata Consultancy Services (TCS) reported a 6% increase in net profit for the April to June quarter, reaching RS 12,760 crore. The company’s operating profit was Rs 15,514 crore, with a 24.5% margin. The company declared an interim dividend of Rs 11 per share for its investors.
Zee Entertainment
Zee Entertainment’s proposal to raise Rs 237 crore in two days through a separate issue was rejected by shareholders. The proposal needed support from at least 75% of shareholders, but 40% voted against it.
JSW Infrastructure
JSW Infrastructure got approval to take over the NCR rail infrastructure. The takeover will happen under the Insolvency and Bankruptcy Code. This movie is expected to help expand its infrastructure business.
PC Jeweller
PC Jeweller has collected 500 crore rupees by selling shares and warrants to private investors through a private placement. The company plans to use the funds to support its business growth and operations.
Hindustan Unilever
Hindustan Unilever has named Priya Nair its next Managing Director and CEO, effective August 1. She will succeed Rohit Java, who is set to step down from the position on July 31. Priya is currently heading the beauty and well-being division at Unilever, bringing years of experience to her new position.
