Stocks in the news: TCS, Bharti Hexacom, L&T, Dr Reddy's, PVR Inox, Wipro and more

Tata Consultancy Services (TCS), India's largest information technology services company, is set to announce its financial results for the fourth quarter (Q4) and fiscal year ended March 31, 2024. TCS is a Mumbai-based company that operates in over 46 countries and has a strong presence in various industries such as banking, financial services, and insurance (BFSI), retail, manufacturing, telecommunications, and media. The company's Q3 results showed a 12.6% year-on-year (YoY) increase in revenue at constant currency, with net profit growing by 11.1% YoY. The market expects TCS to report a strong Q4 performance, driven by robust demand for digital transformation services and a growing market share in key industries.

Anand Rathi Wealth Ltd, a leading financial services company based in Mumbai, will also announce its earnings for the quarter and year ended March 31, 2024. Anand Rathi Wealth provides a range of financial services including wealth management, investment advisory, and research services. The company's Q3 results showed a 21% YoY increase in net profit, driven by a surge in assets under management (AUM) and a strong performance in its research division. The market is optimistic about Anand Rathi's Q4 results, given the continued growth in AUM and the increasing demand for financial advisory services.

Bharti Hexacom Limited, a leading telecom infrastructure provider, is expected to announce its financial results for the quarter and year ended March 31, 2024. The company is a subsidiary of Bharti Airtel Limited and provides passive telecom infrastructure services to various telecom operators in India. Bharti Hexacom's Q3 results showed a 12% YoY increase in revenue, driven by a strong demand for its services from key customers. The market is bullish about Bharti Hexacom's Q4 results, given the continued growth in demand for telecom infrastructure services and the company's strategic partnerships with major telecom operators.

Larsen & Toubro (L&T), India's largest engineering and construction company, will announce its financial results for the quarter and year ended March 31, 2024. L&T operates in various sectors including engineering, construction, IT services, and financial services. The company's Q3 results showed a 12% YoY increase in revenue, driven by a strong performance in its engineering and construction business. The market is optimistic about L&T's Q4 results, given the continued growth in demand for infrastructure projects and the company's diversified business portfolio.

Dr. Reddy's Laboratories, India's largest pharmaceutical company, is expected to announce its financial results for the quarter and year ended March 31, 2024. The company is a leading player in the generic pharmaceuticals industry and has a strong presence in various markets including the US, Europe, and emerging markets. Dr. Reddy's Q3 results showed a 14% YoY increase in revenue, driven by a strong performance in its US market. The market is optimistic about Dr. Reddy's Q4 results, given the continued growth in demand for generic drugs and the company's strategic partnerships with key players in the pharmaceutical industry.

PVR Inox, India's largest multiplex chain, is expected to announce its financial results for the quarter and year ended March 31, 2024. The company operates a chain of multiplexes and IMAX theatres across India and has a strong presence in major metros and tier-1 cities. PVR Inox's Q3 results showed a 15% YoY increase in revenue, driven by a strong performance in its multiplex business. The market is optimistic about PVR Inox's Q4 results, given the continued growth in demand for cinema tickets and the company's strategic partnerships with key content providers.

Wipro Limited, India's third-largest IT services company, is expected to announce its financial results for the quarter and year ended March 31, 2024. The company operates in various sectors including IT services, engineering and R&D services, and consumer care and lighting. Wipro's Q3 results showed a 12% YoY increase in revenue, driven by a strong performance in its IT services business. The market is optimistic about Wipro