IT firm Tech Mahindra Ltd reported a 61.6% year-on-year (YoY) fall in net profit at Rs 494 crore for the September quarter compared with Rs 1,285.4 crore in the corresponding quarter last year. The board approved an interim dividend of Rs 12/- per equity share of Rs. 5/- each i.e. 240% of the face value. The board fixed Thursday November 2, 2023 as the record date for determining the members entitled to receive the interim dividend.
Stocks that share market analysts recommended on September 5: Stock brokerages have come out with research reports on select stocks namely Nestle India, APL Apollo Tubes, Tech Mahindra, and Axis Bank. Here s what brokerages said about these counters.
Stocks to watch today: Domestic positives should continue to support indices Nifty, Sensex with broader market sustaining momentum. Oil India, Vishnu Prakash Punglia, Jio Financial Services, Ircon, Kajaria Ceramics, Adani Ports among stocks in focus on Tuesday (September 5, 2023).