The GIFT Nifty futures, which are an early indicator of the Nifty50 index, were trading lower by 16 points at 25,063, indicating that the domestic benchmark indices are likely to make a lacklustre start on Monday.
On Friday, 16 May, Domestic benchmark indices S&P BSE Sensex slumped by 200 points or 0.24%, and settled at 82,330.79, while the Nifty50 traded 0.24% lower by 42 points, settling at 25,019.80.
Here are some stocks that are likely to remain in focus on 19 May.
Quarterly Results Today: Power Grid Corporation of India, Bharat Electronics, CMS Info Systems, DOMS Industries, DLF, ACME Solar Holdings, Gujarat Gas, HEG, IRB Infrastructure Developers, Petronet LNG, Pfizer, PI Industries, JK Paper, One Mobikwik Systems, NLC India, Quess Corp, Zydus Wellness, and Sun Pharma Advanced Research Company are some of the prominent companies set to announce their quarterly earnings for January-March.
Bharat Electronics: Bharat Electronics has secured additional orders worth Rs 572 crore. These include systems such as Integrated Drone Detection and Interdiction Systems (IDDIS), Software Defined Radios (SDRs), Data Communication Units (DCUs) for attack guns, AI-based naval solutions, simulators, jammers, communication equipment, spares, and related services.
KEC International: KEC International, a part of the RPG Group, has won new transmission and distribution orders in India totalling Rs 1,133 crore.
Dr Reddy’s Lab: The company has announced securing two observations from the US Food and Drug Administration (USFDA) after the market regulator conducted a GMP inspection at its API Middleburgh facility in New York between 12 and 16 May.
RPP Infra Projects: RPP Infra has received a letter of acceptance for a Rs 154.43 crore project to supply factory-finished fabricated boiler structures in Koderma, Jharkhand.
Lumax Auto Technologies: The Board has approved the acquisition of the remaining 25% stake in IAC International Automobile India from IACG Holdings LUX SARL for Rs 221 crore. With this move, the company will become a 100% material subsidiary of Lumax Auto Technologies.
Max Healthcare Institute: The subsidiary of the company, Crosslay Remedies, has finalised the purchase of a 4,000 sq. m. land parcel with a building next to Max Super Speciality Hospital, Vaishali, for Rs 120 crore. The acquisition will allow the addition of approximately 140 beds over the next 30 months.
NBCC (India): The company has announced selling 446 residential units at Aspire Silicon City, Phase IV, Noida via an e-auction for a total sale value of Rs 1,467.93 crore, earning the company a 1% marketing fee on the sale value.
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