The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading higher by 124 points at 24,519 indicating that the domestic benchmark indices are likely to make a lackluster start on Monday.
On Friday, 2 May, Domestic benchmark indices S&P BSE Sensex Gained by 260 points or 0.32% and settled at 80,502 while the Nifty50 traded 0.05% higher by 12.5 points, settling at 24,347.
Here are some stocks that are likely to remain in focus on 5 May.
Quarterly Results Today: Coforge, Bombay Dyeing & Manufacturing Company, Mahindra & Mahindra, Indian Hotels Company, Computer Age Management Services, CCL Products, Ethos, Jammu & Kashmir Bank, Capri Global Capital, Cigniti Technologies, Zee Media Corporation, Nureca, and Unicommerce Esolutions are some of the prominent companies set to announce their quarterly earnings for January-March.
The company has secured a contract valued at Rs 458.14 crore from the North Eastern Electric Power Corporation. The project entails carrying out civil construction works on an item-rate basis for the Tato-I Hydro Electric Project in Arunachal Pradesh.
Azad Engineering has entered into a long-term agreement with GE Steam Power GMBH, a part of GE Vernova Power in Switzerland, to produce and supply advanced rotating and stationary airfoils. These components will serve the nuclear, industrial, and thermal power sectors. The contract for this phase is valued at $53.5 million (Rs 452.48 crore).
Shilpa Medicare’s biologics arm, Shilpa Biologics, has obtained European GMP certification for its Dharwad facility in Karnataka. The approval, which covers the production of test batches, follows an inspection conducted by Austria’s competent authority between 18 and 20 February.
The US Food and Drug Administration conducted an inspection at the company’s API facility in Dholka from 28 April to 2 May. the US regulator concluded the inspection by issuing a Form 483 with four observations, which are procedural in nature and none are related to data integrity.
NTPC Renewable Energy, a subsidiary of NTPC, has commenced commercial operations of the third and final stage of its 60 MW unit under the 150 MW Gujarat Solar PV project. This milestone pushes NTPC Group’s total operational capacity to 80,155 MW.
BSE: The company has announced signing a share purchase agreement to divest its entire 100% stake in BSE Institute (BIL) to AV Financial Experts Network for a total consideration of Rs 16.9 crore, which is subject to the fulfilment of pre-closing obligations.
In its quarterly earnings for January-March, the company reported a 19% year-on-year (YoY) decline in net profit to Rs 381.99 crore due to a 54% YoY increase in expenses.
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