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Stocks in Focus: Titan, Aurobindo Pharma, Britannia Industries, and Others

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The GIFT Nifty futures, an early indicator of the Nifty50 index, were trading 0.50% higher by 112 points at 22,693, indicating that the domestic benchmark indices are likely to make a positive start on Monday.  

On Friday, 3 May, Domestic benchmark indices S&P BSE Sensex crashed 732.96 points, or 0.76%, to end at 73,878.15 while the Nifty50 traded 172.35 points, or 0.76% higher and settled at 22,475.85.

Here are some stocks that are likely to remain in focus on 6 May.

Quarterly Results Today: Lupin, Indian Bank, Marico, Gujarat Gas, Godrej Consumer Products, CG Power and Industrial Solutions, Route Mobile, Arvind, Prudent Corporate Advisory, Cartrade Tech, Arvind Smartspaces, DCM Shriram, Gujarat Gas, Gujarat Fluorochemicals, Grindwell Norton, Happiest Minds Technologies, Fusion Microfinance, GHCL, and DCM Shriram are some of the prominent companies that are set to release their quarterly earnings for January-March.

Titan Company: In its quarterly report for January-March, the company reported a 20.59% YoY increase in its revenue to Rs 12,494 crore during the quarter from Rs 10,360 crore reported in the same quarter of the previous fiscal year. 

Aurobindo Pharma: The US Food and Drug Administration conducted an inspection at its Unit II rajasthan facility, and concluded the inspection with seven observations. 

Britannia Industries: The company reported a 3.76% YoY decline in net profit for the quarter ending 31 March to Rs 537 crore compared to Rs 558 crore reported in Q4FY23. 

Tata Power: The company’s subsidiary, Tata Power Renewable Energy Ltd (TPREL), has entered into an agreement with SJVN to establish a 460-megawatt Firm and Dispatchable Renewable Energy (FDRE) project.

Sun Pharmaceuticals: The pharmaceutical major has acquired a 100% stake in Valstar S.A. for Rs $31 million.

Vodafone Idea: The company has announced its plans to expand its 4G network in 17 key circles as a part of its strategy to enhance competitiveness.

Adani Energy: Adani Electricity Mumbai’s subsidiary successfully concluded the acquisition of a 100% stake in Pointleap Projects.

Inox Wind: The company reported a 176.66% year-on-year increase in revenue for Q4FY24, to Rs 528 crore from Rs 191 crore reported in the same quarter last year. 

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