MARKETS

Stocks in Focus: Coal India, Solar Industries, Lupin, and Others

Stocks in Focus: Lloyds Engineering, SEAMEC, RailTel, and Others - EP
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The GIFT Nifty futures, which is an early indicator of the Nifty50 index stocks, was trading higher by 30 points at 25,150, indicating that the domestic benchmark indices are likely to make a positive start on Thursday.

Earlier on Wednesday, 8 October, the Domestic benchmark indices S&P BSE Sensex gained by 153 points or 0.19%, and settled at 81,773, while the Nifty50 traded 0.25% lower or 62 points, closing at 25,045.

Here are some stocks that are likely to remain in focus on 9 October.

Quarterly Results Today: STata Elxsi, GM Breweries, Tata Consultancy Services, Eimco Elecon (India), Aris International, Evoq Remedies, Triton Corp, Ashiana Ispat, and Avasara Finance are some of the prominent companies set to announce their quarterly earnings for July-September. 

Coal India: The company announced signing a non-binding MoU with IRCON International in Kolkata to jointly develop rail infrastructure for the company and its subsidiaries. The agreement lays the groundwork for future collaborations in the logistics and infrastructure sector.

Solar Industries: Solar Industries India secured a major order worth Rs 483 crore from South Eastern Coalfields (SECL), a subsidiary of Coal India, for the supply of bulk explosives over two years. The company clarified that the contract is purely domestic and does not involve any related party transactions.

Lupin: Lupin unveiled plans to set up a new pharmaceutical manufacturing facility in Coral Springs, Florida, USA, with a total investment of $250 million over five years. The investment covers R&D, infrastructure, and capital expenses, and the facility will produce over 25 key respiratory medicines.

GR Infraprojects: GR Infraprojects received a Letter of Acceptance (LoA) from the Jharkhand Highway Authority for a road construction project valued at Rs 290.23 crore. The EPC contract covers the construction of the Giridih Bypass (towards Tundi) road.

Garuda Construction and Engineering: Garuda Construction and Engineering bagged new orders worth Rs 143.96 crore from Orbit Ventures Developers for civil work on the redevelopment project β€” Shikhar-B β€” in Oshiwara, Mumbai. With this, the company’s total order book stood at Rs 3,229.78 crore as of 8 October.

Escorts Kubota: Escorts Kubota announced plans to invest up to Rs 2,000 crore by 2031 in its existing manufacturing and R&D facilities in Haryana, focusing on the agriculture and construction equipment sectors.

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