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Stocks in Focus: Suzlon Energy, Reliance Power, Aurobindo Pharma, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.88% lower by 229 points at 25,984.50, indicating that the domestic benchmark indices are likely to make a negative start on Thursday. 

On Tuesday, 1 October, Domestic benchmark indices S&P BSE Sensex slumped 33.49 points or 0.04% to end at 84,266.29 while the Nifty50 traded 13.95 points lower or 0.05% and settled at 25,796.90.

Here are some stocks that are likely to remain in focus on 3 October.

Suzlon Energy: The company has received an advisory and warning letter from both the BSE and NSE for non-compliance with market regulator’s Listing Obligations and Disclosure Requirements. 

Reliance Power: The company has partnered up with Druk Holding and Investments Ltd to jointly develop major renewable energy projects in Bhutan. 

Aurobindo Pharma: The company has received final approval from the US Food and Drug Administration (USFDA) to manufacture and market Cephalexin tablets USP, 250 mg and 500 mg, in the US. 

Hero MotoCorp: The two-wheeler major reported an 18.6% year-on-year increase in domestic sales to 6.61 lakh units and a 21.7% YoY increase in exports to 20,344 units during September 2024.

Maruti Suzuki India: India’s biggest car producer reported a 1.91% increase in total sales to 1.84 lakh units in September 2024 from 1.81 lakh units sold during the same month last year. 

Mankind Pharma: The company has received regulatory approvals and clearance from the Competition Commission of India for its acquisition of Bharat Serums and Vaccines.

ITC: The company’s subsidiary, ITC Infotech India, has acquired a 100% stake in Blazeclan Technologies for a total consideration of Rs 485 crore, making Blazeclan its subsidiary and a step-down subsidiary of the company. 

Ashoka Buildcon: The company has received a letter of award for a project worth Rs 474.10 crore from MMRDA. The project is for the design and construction of an elevated road from Kalyan Murbad Road to Badlapur Road and Pune Link Road.

Coal India: The company in the month of September reported a decline in production, marking the second consecutive month of decline in output due to the monsoon rains that continue to impact operations. 

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