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Mindtree, Angel One, HCL & other stocks that moved most on October 14
- Mindtree ended 1.53% higher after reporting quarterly performance
- Angel One ended 3.84% higher after Q2 FY23
- Wipro ended 0.47% lower a day after its quarterly reports
Indian equity benchmarks ended higher on Friday with the Sensex gaining 684.64 points or 1.20% to settle at 57,919.97. The Nifty gained 171.35 points or 1.01% to end at 17,185.70.
The broader indices ended mixed with the BSE MidCap index losing 0.13% and the SmallCap index up by 0.01%. The top gaining sectoral indices on the BSE were IT by 1.72%, Bankex by 1.71%, TECK by 1.56%, Capital Goods by 0.71% and Consumer Durables by 0.56%. On the downside, Power was down by 1.34%, Utilities was down by 1.34%, Oil & Gas was down by 1.00%, Energy was down by 0.77%, and Realty was down by 0.77%.
Also Read: Top 5 cryptocurrencies of the day: Bitcoin up 3%, ETHW trends at no. 1
HCL Technologies: The stock opened with a positive gap today at Rs 1001.00 and ended 2.08% higher at Rs 1002.45 on the BSE. IT major HCL Technologies reported a net profit of Rs 3,489 crore. On a sequential basis, its profit rose 6.3%. The firm’s revenue jumped 19.5% year-on-year to Rs 24,686 crore. On a sequential basis, revenue increased 5.2%. Further, the board of directors also approved a dividend of Rs 10 per share.
Also Read: India wholesale price-based inflation eases to 10.7% in September
Mindtree: The stock opened with a positive gap at Rs 3,439.00 at the BSE on Friday. It touched day high and low of Rs 3,472.30 and Rs 3,343.80, and ended 1.53% higher at Rs 3,374.45. The IT company reported a net profit of Rs 508.7 crore, 7.9% higher quarter on quarter. Revenue grew 8.9% quarter on quarter to Rs 3,400.4 crore in rupee terms. in dollar terms, The revenue grew by 5.7% quarter on quarter to $422.1 million. Operating profit rose by 8.8% to Rs 650.6 crore and the margin dropped to 19.13% in the second quarter, from 19.2% in the first quarter. The attrition rate dropped to 17.7% against 24.5%.
Also Read: Midday report: Sensex jumps 960 points, Nifty up 264 points
Wipro: The stock opened with a positive gap at Rs 385.30 and but ended 0.47% lower on Friday at Rs 377.30 after it reported a net profit of Rs 2,659 crore in the second quarter of the financial year 2022-23, against Rs 2,930.7 crore a year ago. The revenue for the quarter is reported at Rs 22,539.7 crore, up by 14.6% on a YoY basis; sequentially, the figure was up 4.69%.
Also Read: Infosys shares surge 5% after net profit rises 11% in Q2
HDFC Life Insurance Company: The stock opened with a positive gap at Rs 530.25, and ended 0.43% higher at Rs 522.90. A day earlier, the Insurance Regulatory and Development Authority of India (IRDAI) approved the merger of Exide Life Insurance company with HDFC Life Insurance Company. The finalized date for the amalgamation is April 1, 2022, to be effective from the end of the day on October 14, 2022.
Also Read: Rupee depreciates 5 paise to 82.29 against US dollar
Angel One: The stock opened with a positive gap at Rs 1,640.05 on the BSE. Touching its day and low of Rs 1,673.00 and 1,621.25, it ended at Rs 1,648.70, 3.84% higher on Friday. A day ago, The company reported 17.7% quarter-on-quarter growth in profit at Rs 213.6 crore for the second quarter of FY23, with consolidated income growing 9% quarter-on-quarter to Rs 745.9 crore during the same period. It also reported gross addition of around 1.2 million clients in the second quarter of FY23. The total client base crossed the 11 million mark during the quarter. An interim dividend of Rs 9 per share was announced by the company, which is equivalent to 35% of consolidated profit for the quarter.
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