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Stocks in Focus: CEAT, Tata Power, Zydus Lifesciences, GPT Infraprojects, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.10% lower by 26 points at 24,667.50, indicating that the domestic benchmark indices are likely to make a negative start on Friday. 

On Thursday, 18 July, Domestic benchmark indices S&P BSE Sensex surged 627 points or 0.78%, to end at 81,343, while the Nifty50 traded 188 points or 0.76% higher and settled at 24,801.

Here are some stocks that are likely to remain in focus on 19 July.

Quarterly Results Today: ICICI Lombard General Insurance Company, Blue Dart Express, CreditAccess Grameen, Wipro, Reliance Industries, UltraTech Cement, Fedbank Financial Services, Indian Hotels, One 97 Communications (Paytm), Bharat Petroleum Corporation, JSW Steel, Union Bank of India, Patanjali Foods, Aether Industries, Atul, PVR Inox, Transformers and Rectifiers (India), RPG Life Sciences, Tejas Networks, and Route Mobile are some of the prominent companies that are set to release their quarterly earnings for April-June.

CEAT: In its quarterly earnings for April-June, the company reported a 7% year-on-year increase in net profit to Rs 154 crore and an 8.8% YoY increase in revenue from operations to Rs 3,192.8 crore. 

Tata Power: The renewable energy arm of the company, Tata Power Renewable Energy has signed a memorandum of understanding (MoU) with NHPC Renewable Energy to install rooftop solar projects across government buildings of central ministries, states and Union territories.

GPT Infraprojects: The company announced securing an order worth Rs 103 crore from the National Highway Association of India and Eastern Railway.

Zydus Lifesciences: The US Food and Drug Administration (USFDA) conducted an inspection at the company’s injectables manufacturing facility at Jarod, near Vadodara and concluded the inspection, issuing the facility as “official action indicated”. 

Infosys: The company reported a 20% YoY decline in net profit to Rs 6,368 crore for the quarter ending 30 June 2024

LTI Mindtree: The company has signed a multi-million dollar contract extension with Absa Bank, which has been continuing for 17 years. 

Dixon Technologies: The company has secured approval from the Competition Commission of India (CCI) to acquire a 56% stake in Ismartu India.

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