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Stocks in Focus: Power Grid Corporation of India, UltraTech Cement, NTPC, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.04% higher by 9 points at 24,960 indicating that the domestic benchmark indices are likely to make a positive start on Monday.

On Friday, 26 July, Domestic benchmark indices S&P BSE Sensex soared 1,293 points or 1.63%, to end at 81,333, while the Nifty50 traded 429 points or 1.76% higher and settled at 24,835.

Here are some stocks that are likely to remain in focus on 29 July.

Quarterly Results Today: ASK Automotive, Adani Total Gas, Adani Wilmar, Colgate Palmolive, Kalpataru Projects International, Pfizer, Quess Corp, Hindustan Petroleum Corporation, ACC, Bharat Electronics, Arvind, CSB Bank, Data Patterns, Indian Bank, Jindal Saw, Kansai Nerolac Paints, Strides Pharma Science, Voltamp Transformers, Wonderla Holidays, and Whirlpool of India are some of the prominent companies that are set to release their quarterly earnings for January-March.

Power Grid Corporation of India: The power company reported its net profit for the quarter ending 30 June at Rs 3,723.92 crore, marking a 3.52% YoY increase from Rs 3,597.16 crore reported in the same quarter of the previous fiscal year. 

UltraTech Cement: The company has announced acquiring a 32.72% stake in India Cements to strengthen its position in South Indian markets. 

NTPC: In its quarterly earnings for April-June, the company reported an 11% year-on-year increase in net profit to Rs 5,506 crore for the quarter under review from Rs 4,907 crore reported in the same quarter last year. 

ICICI Bank: The company announced that it would be infusing Rs 500 crore in its arm, ICICI Home Finance, during the first quarter of the current fiscal year. 

Hindustan Unilever: The government of India is looking to tighten the foreign direct investment (FDI) conditions for the tobacco sector to reduce any room available for promotional activities and curb smuggling. 

REC: In its Q1FY25, the company posted its consolidated net profit to Rs 3,460.19 crore, marking a 16.57% YoY increase from Rs 2,968.05 crore reported in Q1FY24. 

Zen Technologies: The company reported a 92% YoY increase in revenue from operations to Rs 254 crore, whereas its net profit during the quarter grew by 57% YoY to Rs 74.18 crore. 

Dr Reddy’s Lab: The company reported a 0.90% YoY drop in net profit to Rs 1,392.4 crore for the quarter ending 30 June, while its revenue from operations during the quarter grew by 13.88% YoY to Rs 6,757.9 crore.

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