The GIFT Nifty futures, which are an early indicator of the Nifty50 index, were trading higher by 24 points at 24,799, indicating that the domestic benchmark indices are likely to make a positive start on Wednesday.
On Tuesday, 20 May, Domestic benchmark indices S&P BSE Sensex slumped by 872.98 points or 1.06%, and settled at 81,186.44, while the Nifty50 traded 1.05% lower by 262 points, settling at 24,683.90.
Here are some stocks that are likely to remain in focus on 21 May.
Quarterly Results Today: Oil and Natural Gas Corporation, IndusInd Bank, NTPC Green Energy, Oil India, IRCON International, InterGlobe Aviation, Colgate Palmolive (India), Power Finance Corporation, Mankind Pharma, Ramco Systems, Rail Vikas Nigam, National Aluminium Company, Astral, TeamLease Services, Trident, UNO Minda, VA Tech Wabag, and Vaibhav Global are some of the prominent companies set to announce their quarterly earnings for January-March.
IRCON International: The company has announced receiving a Rs 253.56 crore order from South Western Railway for installing KAVACH, a train collision avoidance system, along with related works across 778 RKM in the Bengaluru and Mysuru divisions.
United Breweries: The company has announced boosting its production capacity by entering a lease agreement with Ilios Breweries to utilise an additional manufacturing unit in Andhra Pradesh.
Biocon: Biocon Biologics, a subsidiary of Biocon, has launched Ustekinumab BS Subcutaneous Injection in Japan through its commercial partner Yoshindo Inc. The biosimilar targets psoriasis vulgaris and psoriatic arthritis and is based on the reference drug Stelara.
BMW Industries: The company has secured a contract worth Rs 364.69 crore from Tata Steel for converting hot rolled (HR) coils into tubes. The project will be carried out at the company’s Hazibagan, Howrah plant, and BMW Iron & Steel’s Jamshedpur unit.
Patel Engineering: The company has been awarded a Rs 711.29 crore contract from the North Eastern Electric Power Corporation (NEEPCO) for constructing the 240 MW HEO Hydropower Project in Arunachal Pradesh under the EPC model. The company was earlier declared the lowest bidder for the project.
Nazara Technologies: The Competition Commission of India (CCI) has approved the acquisition of a majority stake in Nazara Technologies by Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol.
VL E-Governance & IT Solutions: The company has signed an MoU with Ekansh Concepts to act as the EPC partner for the Sankalp Industrial Smart City Project. The estimated value of the contract stands at Rs 800 crore.
Bajaj Finserv: CCI has cleared Bajaj Finserv’s acquisition plans involving 26% stakes in Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance, along with a 50% stake in Bajaj Allianz Financial Distributors from Allianz SE. The deal also involves Bajaj Holdings & Investment and Jamnalal Sons.
GMM Pfaudler: The subsidiary of the company, Pfaudler GmbH, has announced acquiring a 51% stake in GMM Inox Sp. Zo o.o, which is a joint venture between Pfaudler GmbH and local partners in Poland. The scope of the acquisition is to establish an engineering and manufacturing facility in Poland.
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