The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.25% lower by 61 points at 24,251, indicating that the domestic benchmark indices are likely to make a negative start on Thursday.
On Wednesday, 23 April, Domestic benchmark indices S&P BSE Sensex gained by 520.9 points or 0.65% and settled at 80,116.4 while the Nifty50 traded 0.67% higher by 161.7 points, settling at 24,328.
Here are some stocks that are likely to remain in focus on 24 April.
Quarterly Results Today: SBI Life Insurance Company, Tech Mahindra, Hindustan Unilever, Axis Bank, Nestle India, ACC, Indian Energy Exchange, Laurus Labs, Adani Energy Solutions, Cyient, Macrotech Developers, L&T Technology Services, Persistent Systems, SBI Cards and Payment Services, Mphasis, Nelco, Supreme Industries, Sterling and Wilson Renewable Energy, Waaree Technologies, and Tanla Platforms are some of the prominent companies set to announce their quarterly earnings for January-March.
Bharat Petroleum: The company has announced its intention to enter into a joint venture agreement with GPS Renewables Pvt ltd to set up compressed biogas plants across India. Through this joint venture, the company aims to deploy advanced waste-to-energy technologies to convert organic biomass waste into compressed biogas.Β
Adani Green Energy: The subsidiary of the company, Adani Hydro Energy Five, has announced the signing of a power purchase agreement with Uttar Pradesh Power Corporation to supply 1,250 MW of energy storage capacity from pumped hydro storage projects.
Panacea Biotec: The company has announced that it is securing an additional order worth Rs 44 crore ($5.2 million) to supply 40 million doses of its bivalent oral polio vaccine from UNICEF.Β
Bajaj Housing Finance: In its quarterly earnings for January-March, the company reported a 54% year-on-year (YoY) increase in net profit to Rs 587 crore for the quarter under review compared to Rs 381 crore reported in the same quarter last year.Β
Tata Consumer Products: For the quarter ended 31 March, the company reported a net profit of Rs 344.85 crore, marking a 59.19% YoY increase against Rs 216.63 crore reported in the same quarter last year.Β
NHPC: The company announced that it will develop a 1,200 megawatt (MW) solar park in Uttar Pradesh under the MNRE Scheme for a total cost of Rs 797 crore that includes the investment of Rs 239 crore in Bundelkhand Saur Urja, which is a subsidiary of the company.Β
Embassy Office Parks REIT: The Board of Directors of the company has approved raising funds in tune with Rs 6,500 crore through the issuance of commercial papers worth Rs 675 crore and debt, which will be used to repay its existing debt and working capital needs.
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