Stocks to Watch: Jio Financial, Infosys, Wipro, Tata Consumer, Axis Bank & More in Focus Today

The stock market is facing pressure for the third straight session, with losses nearing 1%. In today’s trade, key stocks like Jio Financial, Infosys, LTIMindtree, Wipro, Tata Consumer, MGL, and Axis Bank will be closely watched due to important news updates and Q2 results.

Jio Financial, Tata Consumer, ZEE, and ICICI Lombard: These companies will be in the spotlight as they announce their second-quarter earnings today.

Infosys: India’s second-largest software company, Infosys, posted a 5% rise in its net profit, reaching ₹6,506 crore for Q2.

LTIMindtree: The IT services firm reported an 8% year-on-year growth in its net profit for Q2, standing at ₹1,251 crore.

Wipro: The company saw a strong 21% jump in net profit, totaling ₹3,209 crore for the second quarter.

Axis Bank: The bank’s second-quarter profit surged by 18% compared to last year, driven by higher lending income due to strong credit demand.

Adani Enterprises: Successfully completed a Qualified Institutional Placement (QIP) of shares, raising ₹4,200 crore.

Reliance (RIL): Announced a strategic joint venture with Mothercare for the South Asia region.

Zydus Life: Received US FDA approval for Fludrocortisone Acetate tablets, used in treating Addison’s disease.

Mahanagar Gas (MGL): The company faces a 20% cut in its CNG allocation, which may impact its profitability.