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Stocks in Focus: Macrotech Developers, Cipla, Shree Cement, and Others

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The GIFT Nifty futures, an early indicator of the Nifty50 index, were trading 0.26% higher by 58 points at 22,372, indicating that the domestic benchmark indices are likely to make a positive start on Wednesday.  

On Tuesday, 14 May, Domestic benchmark indices S&P BSE Sensex gained 328.47 points, or 0.45%, to end at 73,104.16 while the Nifty50 traded 113.80 or 0.51% higher and settled at 22,217.85.

Here are some stocks that are likely to remain in focus on 15 May.

Macrotech Developers: The company has announced its plans to allocate Rs 3,500 -4,000 crore during this fiscal year to acquire land parcels. 

CIpla: Around 2.53% state of the company changed hands on the exchanges via a block deal. The deal involved the promoter family, including Samina Hamied, Rumana Hamied, and Shirin Hamied.

Shree Cement: In its quarterly report for January-March, the company reported a 21% year-on-year increase in profit after tax at Rs 662 crore for the quarter. 

Welspun Corp: Priyaranjan Kumar has resigned from his role of Chief Human Resource Officer of the company citing personal reasons, effective 30 July, 2024.

Colgate Palmolive: The oral care products manufacturer has reported a 20.1% YoY increase in net profit at Rs 379.8 crore for the quarter ending on 31 March 2024 from Rs 316.2 crore reported in the same quarter last year. 

Hero MotoCorp: The leading two-wheeler manufacturer has become a member of the ONDC Network, marking the first entry of an automotive company in India. 

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