Stocks In Spotlight 12 July 2024: Five Stocks To Track Today | Markets News

Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd said, “Nifty will find resistance near 24,460. Once the index sustains above this level, a rally could extend towards 25,550 to 24,600 levels. On the downside, 24,170 and 24,000 will act as good support levels for the index.”

Meanwhile, ahead of the market opening today, as per Zeebiz TCS, Axis Bank, Indian Oil Corp, Infosys are likely be in focus today.

1. Tata Consultancy Services Ltd (TCS)

TCS posted an 8.7 percent year-on-year rise in its consolidated net profit at Rs 12,040 crore in the first quarter ended June 2024 as compared to Rs 11,074 crore in the same period last year. It reported a 5.4 percent increase in its revenue at Rs 62,613 crore for the quarter just ended as compared to Rs 61,237 crore in the corresponding period.

2. Axis Bank And Others

Host of big companies Axis Bank, Indian Oil Corporation, Jubilant FoodWorks, Atul Ltd, AU Small Finance Bank, Blue Dart, D-Link, Birlasoft, Mahindra Lifescpace Developers, Petronet LNG, Piramal Pharma, Ujjivan Small Finance Bank, and Utkarsh Small Finance Bank are among the stocks scheduled to trade ex-dividend on July 12. 

3. Bonus Stocks

WPIL and Vantage Knowledge Academy shares are slated to trade ex-share split today.

4. Indian Oil Corporation (IOC)

Indian Oil Corporation (IOC) stock will trade ex-dividend today.  “Friday, July 12, 2024, as the Record Date for the purpose of determining eligibility of members to receive final dividend for the year ended March 31, 2024,” IOC had said.

5. HCLTech

HCLTech is slated to announce its Q1 results for April-June period today.