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Stocks in Focus: Infosys, Nestle, Gokaldas Exports, ITC, Bajaj Auto, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.24% lower by 52.50 points at 22,015, indicating that the domestic benchmark indices are likely to make a negative start on Friday.  

On Thursday, 18 April, Domestic benchmark indices S&P BSE Sensex fell 454.69 points, or 0.62%, to end at 72,488.99 while the Nifty50 traded 152.05 points, or 0.69% lower and settled at 21,995.85. 

Here are some stocks that are likely to remain in focus on 19 April.

Quarterly Results Today: HDFC AMC, Hindustan Zinc, Wipro, Jio Financials, and Elecon Engineering are some of the prominent companies that are set to release their quarterly earnings for January-March.

Nestle: The global food and beverage giant Nestle issued a statement clarifying recent media reports and reiterating its dedication to maintaining high nutrition, quality, and safety standards. 

Infosys: In its quarterly report for January-March, the IT services giant reported a 30% year-on-year increase in its consolidated net profit.

Baja Auto: In its quarterly report for January-March, the company reported an 18% year-on-year increase in its consolidated net profit to Rs 2,011.43 crore for the quarter from Rs 1,704.74 crore reported in the same quarter last year.

ITC: The company’s subsidiary, ITC Infotech, has announced its plans to acquire a 100% stake in Blazeclan Technologies for a total consideration of Rs 485 crore to strengthen its technological capabilities. 

Gokaldas Exports: The company has initiated a Qualified Institutional Placement (QIP) to raise Rs 600 crore. 

Rail Vikas Nigam: The company has signed an MoU with TUMAS India, a Turkish engineering consulting and contracting firm, to collaborate on public transportation and infrastructure projects in India.

SJVN: The company’s subsidiary has incorporated a joint venture named SGEL Assam Renewable Energy Limited with an Assam power distribution company to engage in power generation from renewable sources, including hydropower. 

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