Impact of quarterly results started visible in the market, Bajaj Auto's shares rose while Wipro's stock slipped
Share Market Today: The stock market opened on the red mark in Thursday's session. Recently many companies including Wipro Bajaj Auto have announced their quarterly results. Today, shares of many of these companies are trading with gains and others with decline. Let us know at what number the shares of which company are trading.
Recently, many companies have announced their quarterly results for July-September 2023. In this announcement, the company asked what is their net profit and what was the company's revenue in this quarter? Yesterday, there were fluctuations in the shares of many companies including Wipro, and Bajaj Auto.
Shares of IT services company Wipro are trading with a decline of more than 4 percent today. The quarterly results released by the company were not as per the expectations, due to which the company's shares are trading in the red today.
Today the stock fell 4.24 percent to Rs 390.10 per share on BSE and 4.25 percent to Rs 390.10 per share on NSE.
Wipro reported a stable consolidated profit of around Rs 2,667.3 crore in the September quarter. At the same time, the company's revenue is estimated to decline by 3.5 percent in the current quarter. The company earned after after-tax profit of Rs 2,649.1 crore a year ago.
Shares of Bajaj Auto today jumped 5 percent to a 52-week high after its September quarter consolidated net profit rose 17.51 percent. The company's stock rose 4.85 percent to hit a 52-week high of Rs 5,393.30 on the BSE.
Bajaj Auto announced its quarterly results on Wednesday. The company's consolidated net profit this quarter increased by 17.51 percent to Rs 2,020 crore. The Pune-based company had reported a consolidated profit of Rs 1,719 crore in the year-ago period.
IndusInd Bank shares rose nearly 3 percent in today's Thursday session after the company reported a 22 percent increase in net profit for the September quarter.
The company's shares jumped 2.68 percent to Rs 1,459.75 on BSE today. At the same time, on NSE it rose 2.74 percent to Rs 1,459.30.
IndusInd Bank on Wednesday said that its net profit in the September quarter stood at Rs 2,202 crore, an increase of 22 percent. At the same time, the net profit of the bank in the year-ago period was Rs 1,805 crore.
