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Stocks in Focus: Divi’s Lab, Cochin Shipyard, Adani Ports, Glenmark Pharma, and Others

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The GIFT Nifty futures, an early indicator of the Nifty50 index, were trading 0.04% lower by 8.50 points at 22,960, indicating that the domestic benchmark indices are likely to make a muted start on Monday.  

On Friday, 24 May, Domestic benchmark indices S&P BSE Sensex slipped 7.65 points, or 0.01%, to end at 75,410.39 while the Nifty50 traded 10.55 points or 0.05% lower and settled at 22,957.10.

Here are some stocks that are likely to remain in focus on 27 May.

Glenmark Pharma: The company’s consolidated net loss widened to Rs 1,238.6 crore for quarter ending 31 march from Rs 549.4 crore net loss in the corresponding period a year-ago.  

Divi’s Lab: The Indian pharma giant announced a 67% YoY increase in consolidated net profit to Rs 538 crore for the January-March quarter of FY24 from Rs 321 crore reported in the same quarter last year.

Cochin Shipyard: The state-owned company, in its quarterly earnings for January-March, reported a multi-fold growth in its consolidated net profit of Rs 258.88 crore. 

Adani Ports: The S&P BSE Sensex has announced that Adani Ports and Special Economic Zone will replace Wipro Ltd in the 30-stock blue-chip index on 24 June. 

Torrent Pharma: The Pharma giant in its quarterly earnings for Q4FY24, reported a 57% growth to Rs 449 crore from Rs 287 crore reported in Q4FY23.

NTPC: The state-run company in its quarterly earnings for January-March reported a 33% YoY increase to Rs 6,490.05 crore compared to Rs 4,871.5 crore reported in Q4FY23.

United Spirits: The beverage manufacturing company reported a 136% YoY increase in net profit and an 11.2% YoY increase in revenue for the last quarter of the fiscal year 2023-24.

Aurobindo Pharma: The company reported an 80% year-on-year increase in its consolidated net profit for the quarter ending 31 March 2024 at Rs 909 crore from Rs 508 crore reported in the same quarter last year. 

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