The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.22% lower by 50 points at 22,370, indicating that the domestic benchmark indices are likely to make a negative start on Thursday.
On Wednesday, 24 April, Domestic benchmark indices S&P BSE Sensex gained 114.48 points, or 0.16%, to end at 73,852.94 while the Nifty50 traded 34.40 points, or 0.15% higher and settled at 22,402.40.
Here are some stocks that are likely to remain in focus on 25 April.
Quarterly Results Today: Indusind Bank, Glenmark Life Sciences, Coromandel International, UTI Asset Management Co, Nestle India, Tech Mahindra, Bajaj Finance, Laurus Labs, Mphasis, Schaeffler India, Tanla Platforms, Cyient, L&T Technology Services, and Zensar Technologies are some of the prominent companies that are set to release their quarterly earnings for January-March.
Axis Bank: The bank announced a net profit of Rs 7,129 crore for Q4Fy24, up from the Rs 5,728.42 crore net loss it recorded in the same period last year.
Rail Vikas Nigam: The KRDCL-RVNL joint venture has emerged as the lowest bidder (L1) for two projects from Southern Railway worth Rs 439 crore and Rs 239 crore.
Reliance Industries: The company has acquired a 100% stake in MSKVY Twenty-second Solar SPV and MSKVY Nineteenth Solar SPV for a total consideration of Rs 1 crore.
National Aluminium: The company has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research—National Geophysical Research Institute to advance geophysical investigations in the critical and strategic minerals sector.
Jubilant Pharmova: The USFDA conducted an inspection at the company’s Radiopharmaceuticals manufacturing facility in Canada and concluded it with 5 observations.
Kotak Mahindra Bank: The Reserve Bank of India has imposed restrictions on the bank, prohibiting it from onboarding new customers via its online and mobile banking channels.
Tata Consultancy Services: The company has entered into a strategic partnership with Amazon Web Services to accelerate the company’s customers’ cloud transformation journey at scale.
Shyam Metalics: The company has introduced “SEL Tiger Foil” that will preserve the freshness of food, promote sustainability, and cater to the evolving consumer preferences for eco-friendly packaging solutions.
