Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
MARKETS

Stocks in Focus: Nestle India, Cipla, Muthoot Finance, Hero MotoCorp, and Others

Picture Source: Internet

The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.35% lower by 78.25 points at 22,534, indicating that the domestic benchmark indices are likely to make a negative start on Friday. 

On Thursday, 4 April, Domestic benchmark indices surged and hit a new lifetime high. S&P BSE Sensex gained 350.81 points, or 0.47%, to end at 74,227.63, while the Nifty50 traded higher by 80 points, or 0.36% and settled at 22,514.65. 

Here are some stocks that are likely to remain in focus on 5 April.

Cipla: The US Food and Drug Administration has issued six inspectional observations in Form 483 for the company’s Patalganga Facility in Maharashtra. 

Nestle India: The National Consumer Dispute Redressal Commission (NCDRC) has announced a verdict in favour of the company against the government’s plea to ban the sale of Maggi noodles. 

Muthoot Finance: The Competition Commission of India has found the company misrepresenting information in a complaint before it and indulging in forum shopping.

Hero MotoCorp: The Income Tax Department has issued a demand notice of Rs 605 crore against the company for six assessment years.

Kalyan Jewellers: In its quarterly update for Q4, the company reported a 34% year-on-year increase in its consolidated income. 

UltraTech Cement: The company has announced the completion of its 100-megawatt solar energy project under the Group Captive Scheme in Rajasthan. 

Prestige Estates: The company has successfully acquired 21 acres of land in Whitefield, Bengaluru, for a total consideration of Rs 450 crore to develop a housing project. 

Cello World: The company has announced its plans to set up a glassware manufacturing facility in Rajasthan to boost its manufacturing capabilities. 

Get Daily Prediction & Stocks Tips On Your Mobile