Infosys, Mahindra & Mahindra, Sun Pharma, Eicher Motors, IPCA Lab, UCO Bank stocks in focus

Buyers will preserve tabs on final leg of company outcomes for stock-specific motion, ongoing COVID-19 vaccination tempo, oil costs, rupee motion and different world cues.

Nifty futures had been buying and selling 51.50 factors or 0.33 per cent larger at 15,465.50 on Singaporean Trade in early commerce on Friday. This alerts a optimistic opening for BSE Sensex and Nifty 50 on the final day of the week. In the present day, forty third GST Council meet will stay in focus, which shall be headed by Union Finance Minister Nirmala Sitharaman by way of video conferencing. Buyers will preserve tabs on the final leg of company outcomes for stock-specific motion, ongoing COVID-19 vaccination tempo, oil costs, rupee motion, and different world cues. “Technically Nifty is poised in the direction of an up transfer to lifetime excessive of 15431 and 15500 zones whereas on the draw back assist exists at 15200- 15150 zones Hopes of additional stimulus by the federal government is bolstering investor confidence,” mentioned Siddhartha Khemka, Head – Retail Analysis, Motilal Oswal Financial Services.

Shares in focus 28 Might 2021

M&M, Glenmark Pharma: A complete of 96 corporations together with Mahindra & Mahindra, IPCA Laboratories, Max Healthcare Institute, Aditya Birla Fashion and Retail, Glenmark Pharmaceuticals, Central Bank of India, Indian Bank, Sumitomo Chemical, GMM Pfaudler, Hinduja Global Solutions, and Ujjivan Financial Services, will announce their January-March quarter earnings on Might 28.

Infosys: Infosys co-founder S D Shibulal on Thursday picked shares value Rs 100 crore of the agency by an open market transaction. Shibulal bought greater than 7.22 lakh scrips at a mean worth of Rs 1,384 per share, BSE block deal information confirmed. The full transaction worth stood at Rs 100 crore.

UCO Bank: UCO Financial institution on Thursday reported a virtually five-fold year-on-year leap in its internet revenue to Rs 80.03 crore for the fourth quarter of FY21, from Rs 16.78 crore in the identical interval earlier fiscal, as its working revenue grew 26% y-o-y.

Sun Pharma: Drug main Sun Pharmaceutical Industries on Thursday reported an over two-fold leap in consolidated internet revenue to Rs 894.15 crore for the quarter ended March 2021, primarily on account of strong efficiency within the Indian market.

Eicher Motors: Eicher Motors reported a 73 per cent leap in consolidated PAT at Rs 526.14 crore in January-March quarter of FY21. The corporate had posted a consolidated revenue of Rs 304.28 crore within the fourth quarter of the earlier fiscal.