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Stocks in Focus: Hindustan Unilever, Ashoka Buildcon, NTPC, Cochin Shipyard, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 3.09% higher by 701.50 points at 23,389.50, indicating that the domestic benchmark indices are likely to make a blockbuster start on Monday. 

On Friday, 31 May, Domestic benchmark indices S&P BSE Sensex gained 76 points, or 0.10%, to end at 73,961, while the Nifty50 traded 42 points or 0.19% higher and settled at 22,531.

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

Hindustan Unilever: Rohit Jawa, CEO and MD of the company said in the latest annual reports that the company is moving towards digitising its manufacturing ecosystem to be future-ready. 

Ashoka Buildcon: The company has emerged as the lowest bidder for two projects worth Rs 2,153 crore from the Maharashtra State Road Development Corporation.

NTPC: The state-owned company announced commissioning the second and final phase of the 33 megawatts Anta Solar Photovoltaic Project in Rajasthan, taking the company’s total capacity to 59,168 megawatts on a standalone basis and 76,048 megawatts on a group basis. 

Cochin Shipyard: The company’s wholly-owned subsidiary, Udupi Cochin Shipyard Ltd, announced securing another significant order from Ocean Sparkle Limited, an existing customer. The order is to construct three Azimuthing Stern Drive (ASD) Tugs of 70 T Bollard Pull Power. 

Adani Group: In its quarterly earnings for January-March, the company reported its highest-ever EBITDA at Rs 82,917 crore, marking a 45% year-on-year increase from the corresponding quarter of the previous fiscal year. 

NHAI: The National Highways Authority of India (NHAI) has increased the toll charges by an average of 5% on expressways across India. 

Coal India: The company and its subsidiaries recorded their coal production for May 2024 at 64.4 million tonnes, a 7.5% year-on-year growth from 59.9 million tonnes produced in May 2023. 

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