Stocks to Watch Today: Wipro, Infosys, RBL Bank, and More

Indian markets are expected to be volatile on Thursday, with several key stocks in focus due to various corporate announcements and Q2 results. Stock market news and updates will be crucial for investors to make informed decisions.

Notable Corporate Announcements

Several companies made notable announcements after Wednesday’s market hours. Dabur saw its tax demand from the Delhi Income Tax Department reduced from Rs 279.13 crore to Rs 202.01 crore. Zee Entertainment received a favorable ruling from the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), which dismissed an appeal by the Commissioner of Service Tax – I, Mumbai, effectively vacating a contingent service tax liability of Rs 46.2 crore.

RBL Bank‘s board will meet on October 18 to consider a proposal for raising funds. Network18 will acquire IBN Lokmat news from Lokmat Media for Rs 25 crore, making IBN Lokmat a wholly-owned subsidiary of Network18.

Q2 Results: Axis Bank, HDFC Life, and More

Axis Bank reported a 26.4% decline in net profit at Rs 5,090 crore, compared to Rs 6,918 crore in the same period last year. HDFC Life saw its net premium income rise 13.6% to Rs 18,871.00 crore, with a net profit of Rs 448 crore, up 3% from the previous year.

Oberoi Realty reported a 34.8% increase in revenue at Rs 1,779.04 crore, with a net profit of Rs 760.26 crore, up 29% from the previous year. HDB Financial saw its net profit decline 1.6% to Rs 581.4 crore, despite a 19.6% increase in net interest income.

Other Stocks in Focus

Other stocks that will be in focus on Thursday include Wipro, Infosys, Nestle India, and Hero MotoCorp, among others. TVS Motor has launched the TVS Apache RTX at an introductory price of Rs 1.99 lakh.

Investors should keep a close eye on these stocks and Indian stock market news to make informed investment decisions. Nifty tips and Sensex tips can also be helpful in navigating the markets.