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Stocks in Focus: Cipla, Vodafone Idea, Auto Shares, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 5 points or 0.02% higher at 23,649, indicating that the domestic benchmark indices are likely to make a muted start on Thursday. 

On Wednesday, 13 November, Domestic benchmark indices S&P BSE Sensex slumped 984 points or 1.25% to end at 77,691 while the Nifty50 traded 324 points lower or 1.36% and settled at 23,559.

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

Quarterly Results Today: Bharat Forge, Delhivery, Easy Trip Planners, Grasim Industries, Glenmark Pharmaceuticals, Ipca Laboratories, Hero MotoCorp, Brainbees Solutions (Firstcry), Honasa Consumer (Mamaearth), Bajaj Healthcare, Bharat Dynamics, Hindustan Aeronautics, Muthoot Finance, ITI, Nazara Technologies, and Sobha are some of the prominent companies that are set to release their quarterly earnings for July-September. 

Auto Shares: The two-wheelers and passenger vehicles companies reported their highest-ever domestic sales in October on the back of festive demand, along with Diwali and Dussehra falling during the month. 

Cipla: The company said that the US Food and Drugs Administration (USFDA) conducted an inspection at its manufacturing facility in Virgonagar, Bengaluru, between 7 and 13 November and concluded the inspection by issuing eight observations. 

Vodafone Idea: In its quarterly earnings for July-September, the company’s net loss widened to Rs 7,175.9 crore on a sequential basis due to the significant increase in interest and finance costs and a dip across most key performance indicators. 

Samhi Hotels: The company has signed an agreement with Marriott International to develop three new properties that will comprise more than 568 rooms across India. 

Swiggy: The company is expecting solid growth for the next 3-5 years and is planning to expand its geographical footprint and store network for Instamart. Sriharsha Majety, CEO of Swiggy, said, “We will continue to invest in various categories.”

Kalyan Jewellers: The net profit of the company for the quarter ended 30 September stood at Rs 130.33 crore, marking a 3.37% year-on-year (YoY) decline from Rs 134.87 crore reported in the same quarter last year. 

NBCC (India): The company’s net profit grew by 53% YoY to Rs 125.13 crore for the quarter under review from Rs 81.90 crore reported in the same quarter last year. 

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