The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.24% lower by 54.50 points at 22,639.50, indicating that the domestic benchmark indices are likely to make a negative start on Thursday.  

On Wednesday, 22 May, Domestic benchmark indices S&P BSE Sensex fell 267.75 points, or 0.36%, to end at 74,221.06 while the Nifty50 traded 68.75 or 0.31% higher, and settled at 22,597.80.

Here are some stocks that are likely to remain in focus on 23 May.

Jubilant Foodworks: The company operating Domino’s restaurants in India reported a seven-fold increase in net profit to Rs 207.52 crore for Q4FY24 from Rs 28.54 crore reported in Q4FY23.

Power Grid: The Board of Directors of the company has approved the plans to raise funds for Rs 500 crore in debt from a consortium of banks. 

Oil India: The company has announced signing a new long-term agreement to transport additional petroleum products through its Numaligarh-Siliguri pipeline following the commissioning of the Numaligarh Refinery Expansion project. 

Tata Communications: The company and Cisco strengthened their partnership by launching Webex Calling with the cloud Public Switched Telephone Network (PSTN) for enterprises in India.

Nykaa: The company’s net profit for the quarter ending 31 March 2024 increased by 297.8% year over year to Rs 9.07 crore from Rs 2.28 crore in the year-ago quarter. 

Sun Pharma: The pharmaceutical major reported a 33.8% year-on-year increase to Rs 2,654.58 crore from Rs 1,984.47 crore in the same quarter last year in its quarterly report for January-March.