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Stocks in Focus: Natco Pharma, Adani Energy Solutions, Nalco, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.04% lower by 6.50 points at 23,025.50 indicating that the domestic benchmark indices are likely to make a muted start on Tuesday.  

On Monday, 27 May, Domestic benchmark indices S&P BSE Sensex slipped 19.89 points, or 0.03%, to end at 75,390.50 while the Nifty50 traded 24.65 points or 0.11% lower and settled at 22,932.10.

Here are some stocks that are likely to remain in focus on 28 May.

Natco Pharma: In its quarterly report for January-March, the company reported a 40.1% year-on-year increase in net profit to Rs 386 crore for the quarter under review from Rs 276 crore reported in the same quarter last year. 

Adani Energy Solutions: The Gautam Adani-led company announced its plans to raise Rs 12,500 crore through a Qualified Institutional Placement (QIP) or any other permissible metaphors in one or more tranches. 

Nalco: The state-owned company reported a two-fold increase in consolidated profit, reaching Rs 996.74 crore for the March quarter, compared to Rs 495 crore in the same quarter of FY23.

Life Insurance Corporation: The insurance giant reported a 2% YoY increase in net profit to Rs 13,763 crore for the quarter ending in March 2024 from Rs 13,428 crore in the same quarter last year

NMDC: The state-owned company reported a 37.8% YoY decline in net profit to Rs 1,412.7 crore for the quarter under review from Rs 2,271.5 crore reported during the year-ago crore. 

AstraZeneca Pharma: The pharma major in its quarterly earnings for Q4FY24 reported a 128% YoY increase to Rs 39.47 crore from Rs 17.27 crore reported in Q4FY23.

Lumax Auto Technologies: The company reported a 53.5% YoY increase in revenue during the Q4FY24 at Rs 757 crore from Rs 493 crore recorded in Q4FY23. 

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