Stocks in Focus on October 8: Despite a weak opening, the Indian markets managed to rise for the fifth consecutive session on Wednesday, October 7, 2020. The S&P BSE Sensex, jumped 304.38 points or 0.77% at 39,878.95. The Nifty 50 index rallied 76.45 points or 0.66% at 11,738.85. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Thursday, October 8, 2020. List of such five stocks:  

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Triggers: Certain events, like Results to be announced today and Weekly Expiry, can create positive/negative reactions in the share market when it opens today. Find them in detail:

Results Today: GM Breweries, 5Paisa Capital, Titagarh Wagons (Q4FY20) Prabhat Dairy (Q4FY20).
Weekly Expiry: The weekly index options will expire on Nifty and Bank Nifty, today.

See Zee Business Live TV streaming below:

Tata Consultancy Services (TCS): Information technology consulting company TCS on Wednesday reported a 6.7% quarter-on-quarter rise in consolidated profit at Rs 7,475 crore for the quarter ended September 30, 2020. It had reported a consolidated profit of Rs 7,008 crore in Q1FY21. Consolidated revenue from operations grew by 4.7% in Q2FY21 to Rs 40,135 crore as compared to Rs 38,322 crore posted in the previous quarter. $ Revenue grew by 7.2% to $ 542.4 crore in Q2FY21 compared to $ 505.9 crore posted in Q1FY21. EBIT stood at Rs 10,515 crore, up 16.2% from Rs 9,048 crore posted in the previous quarter. The EBIT margin grew to 26.2% in Q2FY21 from 23.6% posted in Q1FY21. Besides, there was an exceptional loss as the company has made provision towards the legal claim of Rs 1,218 crore, as stated earlier on October 4, 2020, by the company. CC revenue grew by 4.8% and the attrition rate was at an all-time low of 8.9%. The company also approved an interim dividend of Rs 12 per share and fixed October 15, 2020, as the record date for it. In addition to this, TCS said its board has approved a share buyback proposal of 5.33 crore shares amounting up to Rs 16,000 crore. It will buy back the shares at Rs 3,000 per share, a premium of 9.59% from the last closing price. The company last went for a share buyback in 2018 for the same amount. Apart from this, the company has said that it has hired close to 16,000 people in the second quarter of the financial year 2020-21. It said that the company will roll out salary increases effective from October and details of which are being worked out. These increases would be applicable across the job bands.

Vedanta (Delisting Update): Only 6.21% of shareholders have submitted their bids for 10.53 crore shares of the company. The reverse book-building process for public shareholders to tender their shares will conclude on October 9, 2020.

Wipro Ltd: The company in a regulatory filing said the board of directors of the company is scheduled to meet on October 13, 2020, to consider a proposal of buyback of equity shares of the company.

Bandhan Bank + RBL Bank: Q2 Business Update. 

Bandhan Bank: The private lender on Wednesday in its second-quarter fiscal year 2020-21 (Q2FY21) said its advances increased by 20% to Rs 76,724 crore on a year-on-year (YoY) basis. Deposits grew by 34% to Rs 66,513 crore. The liquidity coverage ratio stands at 157% and collection efficiency stands at 92%.

RBL Bank: The private lender on Wednesday in its second-quarter fiscal year 2020-21 (Q2FY21) said its advances declined by 3% to Rs 57,295 crore on Year-on-Year basis. Deposits increased by 3% to Rs 64,529 crore, The CASA ratio increase to 31.1% from 26.5% posted in the same quarter last year.