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Stocks in Focus: Lupin, Hindustan Zinc, MCX, and Others

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The GIFT Nifty futures, an early indicator of the Nifty50 index, were trading 0.21% higher by 48 points at 22,424.50, indicating that the domestic benchmark indices are likely to make a positive start on Wednesday.  

On Tuesday, 23 April, Domestic benchmark indices S&P BSE Sensex gained 90 points, or 0.12%, to end at 73,735.45 while the Nifty50 traded 31.60 points, or 0.14% higher and settled at 22,365.

Here are some stocks that are likely to remain in focus on 24 April.

Quarterly Results Today: The Indian Hotels Co, AU Small Finance Bank, Oracle Financial Services Software, Axis Bank, Hindustan Unilever, LTIMindtree, Equitas Small Finance Bank, Syngene International, Dalmia Bharat, Macrotech Developers, Supreme Petrochem, Chennai Petroleum Corp, DCB Bank, Nippon Life India Asset Management, and Anant Raj are some of the prominent companies that are set to release their quarterly earnings for January-March.

Lupin: The company’s Aurangabad manufacturing facility has received an Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA). 

Dr Reddy’s Labs: The Pharma major has announced its plan to voluntarily recall six lots of Sapropterin Dihydrochloride Powder for Oral Solution 100 mg in the US. 

IIFL Finance: The company has begun the special audit that was directed by the Reserve Bank of India (RBI).

Hindustan Zinc: The government has opposed Vedanta’s move to de-merge Hindustan Zinc (HZL), even after the promoter changed the plan from a three- to two-way split.

MCX: In its quarterly report for January-March, the company reported a 35% year-on-year increase in net profit to Rs 88 crore for the quarter under review. 

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