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Stocks in news: Tata Investment, Tata Power, L&T, Wipro, Biocon

Stocks in news: Tata Investment, Tata Power, L&T, Wipro, Biocon

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Domestic markets experienced volatility on Wednesday and ended down nearly half a percent amid mixed signals. In today’s trade, shares of Tata Investment, Tata Power, L&T, Wipro, Biocon among others will be in focus due to news developments and second quarter results.

Tata Investment
Shares of Tata Investment will be in focus in Thursday’s trade as the company will announce quarterly numbers for the July-September 2024 period.

Tata Power
The company reported a net profit (before exceptional items) of Rs 1533 crore in the September 2024 quarter, compared with Rs 1,017 crore in the year-ago quarter. This is an increase of 51% year-on-year.

Read more: Here’s the trade setup for today’s session

Godavari Biorefineries
Ace investor Madhuri Madhusudan Kela on Wednesday bought 5 lakh shares in debutant Godavari Biorefineries through a block deal.

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Adani Power
Adani Power signed a power supply agreement with Maharashtra State Electricity Distribution Company (MSEDCL).L&T
Shares of Larsen & Toubro (L&T) will be in focus on Thursday following its Q2FY25 earnings where the company reported a 5% jump in its net profit for the quarter ended September 2024 to Rs 3,395 crore.Biocon
Biocon posted a net profit of Rs 27 crore in the second quarter. Revenue from operations were at Rs 3590 crore in the same period.

Wipro
Wipro collaborated with Microsoft and SAP to accelerate RISE with SAP migration at near zero cost.

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