TCS, Aster DM, Mphasis will remain in focus on Monday

Indian markets are expected to open muted after a heated situation in the Middle East led investor sentiments down in the global markets. The US markets closed over 1% down across the board.

The Asian markets also traded mixed on Monday morning as Japan's index opened 1.3% lower, taking cues from weak global markets. At the same time, Chinese markets are trading more than 1% higher after the government announced economic support to the world's second-largest economy.

Stocks to watch

TCS reported steady earnings growth for Q4FY24 and FY24, beating the consensus estimates. The net profit for the quarter was 12% higher than the previous quarter at ₹12,502 crore. While the operating margin also expanded to 26% for the quarter. TCS also recorded a record contract value for FY24 at $42.7 billion.

OMC stocks like BPCL, HPCL & IOC will remain in focus as Brent crude oil prices touched the $92 mark after Iran attacked Israel over the weekend, escalating geopolitical tensions in the Middle East.

Mphasis announces multi-year strategic collaboration agreement with Amazon Web Service (AWS). The collaboration aims to develop generative AI solutions in the financial services industry.

Anand Rathi Wealth Management reported a 52% growth in assets under management at ₹59,351 crore. At the same time, the revenue and net profit grew by 35% & 34% respectively.

Aster DM Healthcare announced a special dividend of ₹118 per share and has fixed 23 April as the record date for the dividend. After selling its GCC business recently, the company decided to give a special dividend.

Kolte Patil Developers reported highest-ever annual sales value of ₹2,822 crore, reflecting a 26% year-on-year (YoY) growth for the financial year 2023-24.

The USFDA completed the inspection of the Unit V facility of Granules India at Visakhapatnam and concluded with zero observations and form 483.