Stocks in Focus: Waaree Renewables, Ambuja Cements, PNC Infratech, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.91% lower by 221 points at 24,390, indicating that the domestic benchmark indices are likely to make a negative start on Wednesday.

On Tuesday, 22 April, Domestic benchmark indices S&P BSE Sensex gained by 187 points or 0.24% and settled at 79,595, while the Nifty50 traded 0.17% higher by 41 points, settling at 24,167.

Here are some stocks that are likely to remain in focus on 23 April.

Quarterly Results Today: Tata Consumer Products, Astec Lifesciences, Can Fin Homes, 360 ONE WAM, Dalmia Bharat, LTIMindtree, Bajaj Housing Finance, Gravity India, Den Networks, Rallis India, Syngene International, Maharashtra Scooters, Supreme Petrochem, Tamilnad Mercantile Bank, Thyrocare Technologies, Wendt (India), and Tata Teleservices (Maharashtra) are some of the prominent companies set to announce their quarterly earnings for January-March. 

The company has announced its plans to enter hybrid renewable energy projects to capitalise on the increasing power demand in data centres. The company is also looking for Firm and Dispatchable Renewable Energy (FDRE) and round-the-clock (RTC) energy solutions. 

The company has announced acquiring a 37.8% promoter stake of CK Birla group firm Orient Cement, making it a promoter of the company. 

The company has announced emerging as the Lowest Bidder (L1) for a project for constructing a flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur city for a total consideration of Rs 239.94 crore. 

The company has announced securing approval from the Competition Commission of India (CCI) for acquiring certain equity shares of Bharti Axa Life Insurance Company by 360 ONE Private Equity Fund and subscribing to certain equity shares of Bharti Life Ventures and Bharti Axa Life by 360 ONE.

The company has announced that it has received approval from CCI to acquire a 100% stake in AAM India Manufacturing Corporation, with voluntary modifications. 

The company has announced securing a Letter of Acceptance (LoA) from Central Railway for the construction of earthwork, minor bridges, RUBs, P. Way work, major bridges, and miscellaneous civil works in connection with gauge conversion work from Pachora to Jamner for Rs 568.86 crore. 

The company has announced commencing commercial production of carbonated soft drinks, packaged drinking water, and juice-based drinks at its production facility in Prayagraj, Uttar Pradesh.

The subsidiary of the company, Bharti Hexacom has announced inking a definitive agreement with a subsidiary of Adani Enterprises, Adani Data Networks for acquiring rights to use the 400 MHz of spectrum in the 26 GHz band across Mumbai, Gujarat, Rajasthan, Andhra Pradesh, Tamil Nadu, Karnataka.

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