L&T, Cipla, Lupin, Dr Reddy’s, Vedanta, GAIL, Tata Power, Reliance Infrastructure stocks in focus

In keeping with analysts, Nifty stays in momentum uptrend with assist zone seen at 14,400-14,500. Picture: Reuters

Nifty futures have been buying and selling 191.50 factors or 1.32 per cent greater at 14,699 on Singaporean Change, indicating a powerful opening for BSE Sensex and Nifty 50 on Friday. At the moment, Sensex sits at 48,691, whereas the broader Nifty 50 index is at 14,696 ranges. In keeping with analysts, Nifty stays in momentum uptrend with assist zone seen at 14,400-14,500. “The market has shaped bearish continuation formation, nonetheless, because the markets are vary sure, until the Nifty/Sensex isn’t closing beneath the degrees of 14600/48400, we’d do a pullback in direction of, 14800/49000 ranges,” mentioned Shrikant Chouhan, Government Vice President, Fairness Technical Analysis at Kotak Securities.

Shares in focus at present

L&T, Dr Reddy’s, Cipla: Larsen & Toubro, Dr Reddy’s Laboratories, Cipla, Aditya Birla Capital, Macrotech Builders, Balkrishna Industries, Indigo Paints, Jindal Stainless, Just Dial, Kesoram Industries, Mindspace Enterprise Parks REIT, Oberoi Realty, Reliance Infrastructure, Rossari Biotech, Surbhi Industries, and Welspun India, amongst others will launch their quarterly outcomes on Might 14.

Piramal Enterprises: Piramal Enterprises (PEL) on Thursday mentioned its subsidiary Piramal Capital and Housing Finance (PCHFL) has acquired an approval from the Competitors Fee of India (CCI) to take over Dewan Housing Finance Corporation (DHFL).

Vedanta: Vedanta Ltd on Thursday reported a consolidated revenue of Rs 6,432 crore for March quarter 2020-21 on the again of varied components, together with higher volumes and decrease value of manufacturing. It had posted a loss (attributable to homeowners of Vedanta) of Rs 12,521 crore within the year-ago interval.

Lupin: Lupin on Thursday reported an 18 per cent enhance in its consolidated web revenue at Rs 460 crore for the fourth quarter ended March 31, 2021, pushed by strong gross sales throughout home and worldwide markets.

GAIL: The present surge within the costs of Asian spot liquefied pure fuel (LNG) seen to enhance advertising and marketing margins for GAIL, whereas different fuel utilities akin to Gujarat Gas (GGL), Mahanagar Gas (MGL) and Indraprastha Gas (IGL) can offset the influence of rising costs owing to their decrease publicity to identify markets and enhance in provide costs.

Tata Energy: Tata Energy’s board of administrators has permitted elevating as much as Rs 5,500 crore by way of non-public placement of secured non-convertible debentures (NCDs) to corporates, banks or monetary establishments.