Indian Stock Market Updates: Top Stocks to Watch Today
The Indian stock market is expected to be volatile today, with several top stocks in focus due to their quarterly results and other major corporate actions. In this article, we will discuss the top stocks to watch today and their potential impact on the market.
TCS Q3FY26 Results
TCS, one of the largest IT companies in India, has announced its Q3FY26 results. The company’s revenue grew by 1.95% to Rs 67,087 crore, while its net profit declined by 11.74% to Rs 10,657 crore. The company’s EBIT margin remained flat at 25.17%. The results were largely in line with estimates, but the profit was a miss due to the impact of new labour codes and restructuring.
TCS has also announced a bumper dividend of Rs 57, including Rs 46 per share as a special dividend. The company’s annualized AI revenue grew by 17.3% QoQ in CC to $1.8 billion. The attrition rate was 13.5%, and the headcount declined by 11,151 QoQ in Q3.
HCLTech Q3 FY26 Results
HCLTech, another major IT company in India, has announced its Q3 FY26 results. The company’s revenue grew by 6.04% to Rs 33,872 crore, while its net profit declined by 3.77% to Rs 4,076 crore. The company’s EBIT margin grew by 133 bps to 18.55%.
HCLTech has upgraded its service revenue guidance to 4.75% – 5.25% (vs 4 – 5%). The company’s software business grew by 28.1%, and its IT business grew by 1.5% QoQ CC. The TCV was $3 billion, up 17.0% QoQ vs $2.6 billion in Q2.
Anand Rathi Q3 Results
Anand Rathi, a leading financial services company in India, has announced its Q3 results. The company’s total income declined by 0.4% to Rs 306 crore, while its revenue grew by 22.18% YoY to Rs 289.62 crore. The company’s PAT grew by 29.61% YoY to Rs 100.19 crore.
The company’s AUM grew by 30% YoY to Rs 99,008 crore, and its mutual fund distribution revenue grew by 21% YoY to Rs 366 crore. The net inflows were Rs 10,078 crore, up 10% YoY.
Other Stocks in Focus
Other stocks that will be in focus today include Sical Logistics, KP Energy, Mazagon Dock, Biocon, and ICICI Lombard. Sical Logistics has received a LoA worth Rs 4,038 crore from Southeastern Coalfields for a project in Chhattisgarh. KP Energy has partnered with the Gujarat government to develop renewable energy projects worth Rs 4,000 crore.
Mazagon Dock has clarified that it is in negotiations with the Indian Navy on project P75(I), which is already commenced and ongoing. Biocon has opened a QIP at a floor price of Rs 387.74 per share, which is at a premium of 4% from the last trading price.
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Conclusion
In conclusion, the Indian stock market is expected to be volatile today, with several top stocks in focus due to their quarterly results and other major corporate actions. It is essential to stay up to date with the latest market news and trends to make informed investment decisions. You can visit our website https://sharemarketcoder.in/?s=stock+market+tips to get the latest stock market tips and updates.
