The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.56% higher by 128 points at 24,267, indicating that the domestic benchmark indices are likely to make a positive start on Monday.
On Friday, 25 April, Domestic benchmark indices S&P BSE Sensex slumped by 588.90 points or 0.74% and settled at 79,212.53 while the Nifty50 traded 0.86% lower by 207.35 points, settling at 24,039.35.
Here are some stocks that are likely to remain in focus on 28 April.
Quarterly Results Today: UltraTech Cement, Aditya Birla Sun Life AMC, CSB Bank, Hexaware, IDBI Bank, Adani Green Energy, Adani Total Gas, IRFC, Oberoi Realty, PNB Housing Finance, Central Bank of India, Fino Payments Bank, TVS Motor Company, Castrol India, Firstsource Solutions, Go Digit General Insurance, Indegene, KFin Technologies, KPIT Technologies, Greenply Industries, IIFL Capital Services, UCO Bank, and Nippon Life India Asset Management are some of the prominent companies set to announce their quarterly earnings for January-March.
Mahindra and Mahindra: The company has announced its plans to acquire a 58.96% stake in SML Isuzu for a total consideration of Rs 555 crore, aiming at strengthening its position in the commercial vehicle segment.
Hindustan Unilever: HUL is gearing up to revitalise its Rs 15,294-crore foods division, its second-largest business segment. The company is now prioritising sales growth over margin expansion. Additionally, HUL is advancing plans to list its Rs 1,800-crore ice cream business, with the listing anticipated to be completed by FY26.
Reliance Industries: In its quarterly earnings for January-March, the company reported a 9% year-on-year (YoY) increase in net profit to Rs 2.61 lakh crore for the quarter under review.
IREDA: The Indian Renewable Energy Development Agency (IREDA) has launched an internal review concerning its exposure to Gensol Engineering, following a complaint filed with the Economic Offences Wing (EoW) over the submission of falsified documents. While Gensol’s account has been marked as “under stress,” it has not yet been categorised as a non-performing asset (NPA).
IRFC: Indian Railway Finance Corporation (IRFC) has emerged as the lowest bidder for a Rs 5,000 crore term loan intended for National Thermal Power Corporation (NTPC). The funds will support NTPC’s ongoing and upcoming capacity expansion projects, including those in the renewable energy sector. The finalisation of the loan is subject to approval by NTPC’s Board.
Force Motors: The company reported a stellar 210% YoY increase in net profit for the quarter ended 31 March to Rs 434.7 crore, while its revenue during the same period grew by 17.1% to Rs 2,356 crore.
RailTel Corp: The company announced that it would secure a work order worth Rs 90.08 crore for the design, development, supply, implementation, operations, and maintenance of the Enterprise Resource Planning system from the Institute of Road Transport.
Zydus Lifesciences: The company has received 6 observations from the US Food and Drugs Administration (USFDA) for its API unit in Dabhasa, Gujarat,t after they conducted an inspection between 21 April and 25 April.
GAIL India: The company has announced that it is inking a Memorandum of Understanding (MoU) with the Container Corporation of India to explore the adaptation of liquefied natural gas along with other fuels in the logistics sector.
NRB Bearings: The company has announced its plans to invest Rs 200 crore in expanding and upgrading its manufacturing capabilities and research and development over a period of two years. The Capex will focus on enhancing its capabilities for needle roller bearings, cylindrical roller bearings, taper roller bearings, and thrust and combination bearings.
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