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Stocks in Focus: Ashoka Buildcon, JSW Energy, Hindustan Aeronautics, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.27% higher by 67 points at 25,140 indicating that the domestic benchmark indices are likely to make a positive start on Monday. 

On Friday, 11 October, Domestic benchmark indices S&P BSE Sensex slumped 230.05 points or 0.28% to end at 81,381.36 while the Nifty50 traded 34.20 points lower or 0.14% and settled at 24,964.25.

Here are some stocks that are likely to remain in focus on 14 October.

Quarterly Results Today: Reliance Industries, Sterling and Wilson Renewable Energy, Alok Industries, HCL Technologies, Angel One, Gopal Snacks, Ceenik Exports, Dr Lalchandani Labs, Premier Polyfilm, Rajoo Engineers, International Travel House, Nutraplus India, Oriental Hotels, and Rita Finance and Leasing are some of the prominent companies that are set to release their quarterly earnings for January-March.

JSW Energy: The subsidiary of the company, JSW Energy PSP Two has announced signing a Energy Storage Facility Agreement with the Maharashtra State Electricity Distribution Company for procuring 1,500 megawatts (MW)/ 12,000 megawatt hour (MWh) of pumped hydro energy storage. 

Ashoka Buildcon: The company has received a letter of acceptance from the Maharashtra State Road Development corporation for projects worth Rs 2,000 crore. The projects are for constructing major bridges across Jaigad Creek between Tawsal and Jaigad, Kundalika Creek between Revdanda and Salav, and Bankot Creek between Kolmandla (District Raigad) and Veshvi along the Revas Reddi Coastal Highway in Ratnagiri, Maharashtra.

Hindustan Aeronautics: The company’s status has been upgraded by the Government of India to Maharatna central public sector enterprise. 

Avenue Supermarts: In its quarterly earnings for July-September, the company reported a 5.8% year-on-year increase in net profit to Rs 659.6 crore and a 14.4% YoY increase in revenue to Rs 14,444.5 crore for the quarter under review. 

Indo Count Industries: Indo Count Global, Inc., a subsidiary of the company has acquired a 100% stake in Modern Home Textiles, Inc. for a total consideration of $11.7 million via a stock purchase agreement. 

Indoco Remedies: The company’s Goa Plant-II & III, L-32, 33, 34 were classified as Official Action Indicated (OAI) after the  US Food and Drug Administration conducted an inspection in July 2024.

Sula Vineyards: The company reported a decline in its revenue by 1.3% YoY to Rs 141.8 crore against Rs 143.7 crore reported in the same quarter last year. However, the revenue from its own brands grew marginally by 0.3% YoY to Rs 127.2 crore. 

IREDA: The company has established a new wholly-owned subsidiary with a goal to focus on retail and B2B renewable energy ventures. 

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