Infrastructure News

L&T, Cipla, Lupin, Dr Reddy’s, Vedanta, GAIL, Tata Power, Reliance Infrastructure stocks in focus

[ad_1]

L&T, Cipla, Lupin, Dr Reddy's, Vedanta, stocks in focusAccording to analysts, Nifty remains in momentum uptrend with support zone seen at 14,400-14,500. Image: Reuters

Nifty futures were trading 191.50 points or 1.32 per cent higher at 14,699 on Singaporean Exchange, indicating a strong opening for BSE Sensex and Nifty 50 on Friday. Currently, Sensex sits at 48,691, while the broader Nifty 50 index is at 14,696 levels. According to analysts, Nifty remains in momentum uptrend with support zone seen at 14,400-14,500. “The market has formed bearish continuation formation, however, as the markets are range bound, till the Nifty/Sensex is not closing below the levels of 14600/48400, we would do a pullback towards, 14800/49000 levels,” said Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities.

Stocks in focus today

L&T, Dr Reddy’s, Cipla: Larsen & Toubro, Dr Reddy’s Laboratories, Cipla, Aditya Birla Capital, Macrotech Developers, Balkrishna Industries, Indigo Paints, Jindal Stainless, Just Dial, Kesoram Industries, Mindspace Business Parks REIT, Oberoi Realty, Reliance Infrastructure, Rossari Biotech, Surbhi Industries, and Welspun India, among others will release their quarterly results on May 14.

Related News

  • Lupin reports 18 pc increase in Q4 net profit at Rs 460 cr; FY21 profit at Rs 1,216 cr

  • RIL, Bharti Airtel, stocks to watch

    RIL, Bharti Airtel, Vodafone Idea, Yes Bank, Asian Paints, Lupin, Infosys, Dr Reddy’s stocks in focus

  • stocks in focus, coforge, PNB

    PNB, Godrej Consumer, Siemens, Kesoram Industries, Solara Active Pharma, Coforge stocks in focus

Piramal Enterprises: Piramal Enterprises (PEL) on Thursday said its subsidiary Piramal Capital and Housing Finance (PCHFL) has received an approval from the Competition Commission of India (CCI) to take over Dewan Housing Finance Corporation (DHFL).

Vedanta: Vedanta Ltd on Thursday reported a consolidated profit of Rs 6,432 crore for March quarter 2020-21 on the back of various factors, including better volumes and lower cost of production. It had posted a loss (attributable to owners of Vedanta) of Rs 12,521 crore in the year-ago period.

Lupin: Lupin on Thursday reported an 18 per cent increase in its consolidated net profit at Rs 460 crore for the fourth quarter ended March 31, 2021, driven by robust sales across domestic and international markets.

GAIL: The current surge in the prices of Asian spot liquefied natural gas (LNG) seen to improve marketing margins for GAIL, while other gas utilities such as Gujarat Gas (GGL), Mahanagar Gas (MGL) and Indraprastha Gas (IGL) can offset the impact of rising prices owing to their lower exposure to spot markets and increase in supply prices.

Tata Power: Tata Power’s board of directors has approved raising up to Rs 5,500 crore via private placement of secured non-convertible debentures (NCDs) to corporates, banks or financial institutions.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.



[ad_2]

Source link