quarter earnings

Mutual funds raise stake in TCS, Infosys, 2 other IT stocks; FIIs cut. Who’s smart?

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Mutual funds raise stake in TCS, Infosys, 2 other IT stocks; FIIs cut. Who’s smart?

Ahead of the June quarter earnings season in which IT majors managed to beat Street expectations led by significant improvements in the BFSI sector, mutual fund managers were smart enough to buy IT stocks even as FIIs sold. June quarter shareholding pattern shows that MFs raised stake in Infosys by 116 bps to 19.09%. The … Read more

bajaj consumer care share price: Bajaj Consumer Care shares plunge over 8% after Q4 results and buyback announcement

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bajaj consumer care share price: Bajaj Consumer Care shares plunge over 8% after Q4 results and buyback announcement

Shares of Bajaj Consumer Care plunged over 8% to Rs 238 in Thursday’s trade on BSE after the firm reported a 12% year-on-year (YoY) decline in net profit for Q4 FY24. Additionally, the company also approved a buyback proposal. The company on Wednesday reported a consolidated net profit of Rs 35.58 crore for the March-ended … Read more