The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading higher by 3 points at 24,945 indicating that the domestic benchmark indices are likely to make a lacklustre start on Friday.
On Thursday, 29 May, Domestic benchmark indices S&P BSE Sensex gained by 320.70 points or 0.39% and settled at 81,633.02, while the Nifty50 traded 0.33% higher by 81.15 points, settling at 24,945.
Here are some stocks that are likely to remain in focus on 30 May.
Quarterly Results Today: Apollo Hospitals Enterprise, FSN E-Commerce Ventures Nykaa, Jindal Poly Films, PNC Infratech, AstraZeneca Pharma India, IVRCL, SML Isuzu, Swan Energy, and Vivimed Labs are some of the prominent companies set to announce their quarterly earnings for January-March.
Ola Electric Mobility: For the quarter ended January-March, the company reported a net loss of Rs 870 crore for the quarter under review compared to a net loss of Rs 416 crore reported in the same quarter last year. The net loss widened due to falling sales and higher discounts amid the growing competitive market.
NLC India: The company’s subsidiary, NLC India Renewables, has entered into a Joint Venture agreement with Mahatma Phule Renewable Energy & Infrastructure Technology (MAHAPREIT) to boost renewable energy development in Maharashtra. As part of the partnership, the two entities will jointly develop 2,000 MW of renewable energy projects.
Wipro: The company launched its global Wipro Innovation Network, an initiative designed to fast-track co-innovation with clients by harnessing advanced technologies. This global platform will unite experts from around the world to tackle complex industry challenges using tools such as artificial intelligence and quantum computing.
Prestige Estates: The real estate company has joined hands with Valor Group to develop a premium office complex in Mumbai, with a total leasable area of 1.5 million square feet and an estimated Gross Development Value (GDV) of Rs 4,500 crore.
Rail Vikas Nigam: The company has announced signing a Memorandum of Understanding (MoU) with Texmaco Rail for collaborating on railway infrastructure, including metro coach production, rolling stock manufacturing, EPC projects, and innovation in digitalisation, automation, and green technologies for future strategic initiatives.
UltraTech Cement: The company has announced completing acquiring a 100% stake in Wonder WallCare Private Limited and making it its wholly-owned subsidiary.
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