Business

Stocks to watch: Reliance Industries, TCS, Vakrangee

TCS reports high consolidated profit of Rs 9,624 cr for the quarter ended Sept 2021

The domestic stock markets are likely to gain marginally on positive cues from Asian markets. Asian markets were strong in early trade, with the Hang Seng and the Nikkei rising 1 per cent each and the Shanghai Composite up 0.5 per cent. And the trends on SGX Nifty indicate a positive start for the domestic markets. Nifty futures were trading 35 points or 0.2 per cent higher at 17,906.50 on the Singapore Stock Exchange at 7:30 am.

On Friday, the BSE Sensex was up 381.23 points at 60,059.06 and the NSE Nifty was up 104.90 points at 17,895.20.

Stocks to watch in trading in today’s session

Reliance Industries

Reliance New Energy Solar Limited (RNESL), a unit of Reliance Industries, will acquire 40 percent of Sterling & Wilson Solar (SWSL) as part of the company’s clean-energy ambitions.

TCS

TCS reported higher consolidated profit of Rs 9,624 crore for the quarter ended September 2021 as against Rs 8,433 crore in Q2FY21, with revenue rising to Rs 46,867 crore from Rs 40,135 crore.

wakrangi

Vakrangee reported a 100.90 per cent growth in net profit at Rs 26.74 crore for the quarter ended September as against Rs 13.31 crore in the year-ago period. Sales during the period under review grew by 195.02 per cent year-on-year to Rs 207.19 crore.

Gland Pharma

Gland Pharma has received provisional approval from the US FDA for Sugamex injection, a single-dose vial, which is used to reverse the effects of the muscle relaxants rocuronium bromide and vecuronium bromide given to patients during surgery.

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