The GIFT Nifty futures, which are an early indicator of the Nifty50 index, were trading lower by 229 points at 23,980, indicating that the domestic benchmark indices are likely to make a negative start on Friday.
On Thursday, 8 May, Domestic benchmark indices S&P BSE Sensex slumped by 411.97 points or 0.51%, and settled at 80,334.81, while the Nifty50 traded 0.58% lower by 140.60 points, settling at 24,273.80.
Here are some stocks that are likely to remain in focus on 9 May.
Quarterly Results Today: Dr Reddy’s Laboratories, ABB India, Manappuram Finance, Birla Corporation, Swiggy, Bank of India, Cera Sanitaryware, Cholamandalam Financial Holdings, Jupiter Life Line Hospitals, CE Info Systems, Great Eastern Shipping Company, India Shelter Finance Corporation, Motherson Sumi Wiring India, Navin Fluorine International, PTC India Financial Services, Thermax, and Novartis India are some of the prominent companies set to announce their quarterly earnings for January-March.
Lupin: The company has announced securing approval from the US Food and Drug Administration (USFDA) for its generic version of Raltegravir 600 mg tablets, which is used in HIV treatment. Lupin, being the first-to-file applicant, benefits from a 180-day exclusivity period—a significant competitive edge in the generic pharmaceuticals market.
Bharat Petroleum: The company has awarded contracts for 100 MW of wind energy projects, split equally between Madhya Pradesh and Maharashtra. Suzlon Energy received the Letter of Award (LOA) for the 50 MW project in Madhya Pradesh, while Integrum Energy Infrastructure was selected for the 50 MW project in Maharashtra. Both projects are slated for completion and commissioning within the next two years.
Brigade Enterprises: Brigade Enterprises has acquired an 11-acre land parcel in Whitefield, Bengaluru, where it plans to build a commercial complex spanning 1.5 million sq. ft. The development is projected to yield a gross development value (GDV) of more than Rs 2,000 crore.
Larsen and Toubro: in its quarterly earnings for January-March, the company reported a 25% year-on-year (YoY) increase in consolidated net profit to Rs 5,497 crore, whereas the revenue from operations increased by 11% to Rs 74,392 crore.
Venus Pipes & Tubes: The company has announced that it is securing a letter of intent for stainless steel seamless boiler tubes that are used in a series of supercritical and subcritical thermal power projects worth Rs 190 crore.
Coal India: The company has announced its plans to set up clean energy projects of around 4.5 gigawatts for a total cost of Rs 25,000 crore, aiming to achieve net zero carbon emissions for its operations.
Paytm: The company’s founder, Vijay Shekhar Sharma and his brother Ajay Shekhar Sharma resolved an Employee Stock Options (ESOPs) case with SEBI by paying a settlement amount of Rs 2.8 crore. As part of the terms, Vijay Shekhar Sharma has agreed not to accept any new ESOPs for the next three years, and existing ESOP grants totaling over 2 crore shares have been revoked.
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