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Stocks in Focus: Poonawala Fincorp, KEC International, RVNL, Tata Chemicals, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.02% higher by 5.50 points at 22,770.50 indicating that the domestic benchmark indices are likely to make a muted start on Tuesday.  

On Monday, 29 April, Domestic benchmark indices S&P BSE Sensex skyrocketed 941.13 points, or 1.28%, to end at 74,671.28 while the Nifty50 traded 223.45 points, or 15% lower and settled at 22,643.28.

Here are some stocks that are likely to remain in focus on 30 April.

Quarterly Results Today: Cholamandalam Investment and Finance Co, Indus Towers, Star Health and Allied Insurance, Exide Industries, Vedant Fashions, Indian Oil Corp, REC, Havells India, Indus Towers, Procter & Gamble Hygiene & Health Care, Sona BLW and Precision Forgings, Castrol India, IndiaMART InterMESH, Nuvoco Vistas Corp, Five-Star Business Finance, Neogen Chemicals, Adani Total Gas, Central Bank Of India, Newgen Software Technologies, Gravita India, Symphony, and IFCI are some of the prominent companies that are set to release their quarterly earnings for January-March.

KEC International: The company has announced that it is receiving new orders worth Rs 1,036 crore across its various business verticals, including the Transmission & Distribution (T&D) segment. 

Rail Vikas Nigam: The KRDCL-RVNL joint venture has been awarded a LoA worth Rs 439 crore for the redevelopment of Thiruvananthapuram station.

Tata Chemicals: In its quarterly report for January-March, the company reported a consolidated net loss of Rs 850 crore, down from the Rs 709 crore profit reported in the same quarter last year. 

Poonawala Fincorp: In its quarterly report for January-March, the company reported an 83.6% year-on-year increase in net profit to Rs 331.7 crore from Rs 180.7 crore reported in the same quarter last year. 

Patanjali Foods: The company has received a show-cause notice from the GST intelligence department. Uttarakhand’s drug regulator has suspended the manufacturing licences of 14 products made by Baba Ramdev’s Patanjali Ayurved, citing misleading advertisements about their efficacy.

NMDC: The company has raised the prices of lump ore by Rs 400 per tonne to Rs 6,200 per tonne.

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