Tata Consumer Products, NTPC, Hindalco, Vedanta, Nazara, Hindustan Copper, other stocks to track on Friday
Stocks To Track: Domestic equity benchmarks raced to record closing highs in a broad-based rally on Thursday, powered by financial, auto, energy and IT shares. Both Sensex and Nifty50 finished 1.6 per cent higher on May 23, with the Sensex adding 1,197 points to 75,418 and the Nifty50 settling at 22,967.7, up 369.9 points from its previous close—their best singhe-day rallies since March 1.A bunch of stocks are likely to be in focus on Friday, May 24, including NTPC, Hindalco, Hindustan Copper, Nazara Technologies and Tata Investment Corp.
Stocks To Track: Domestic equity benchmarks raced to record closing highs in a broad-based rally on Thursday, led by financial, auto, energy and IT shares, as the news of the RBI's record dividend to the government supported hopes of a narrowing of the country's fiscal gap. Both headline indices finished 1.6 per cent stronger for the day, with the Sensex adding 1,197 points to 75,418 and the Nifty50 settling at 22,967.7, up 369.9 points from its previous close—their best singhe-day rallies since March 1 when faster-than-expected economic growth drove markets to a record high.
All eyes are now on the last trading session of the week, which will be followed by Phase 6 voting lined up during the weekend. A bunch of stocks are likely to be in focus on May 24, including NTPC, Hindalco, Hindustan Copper, Nazara Technologies and Tata Investment Corp:
250+ companies slated to report quarterly numbers on May 24
More than 250 companies are scheduled to release their financial results for the quarter as well as the year ended March 31 on Friday, May 24, including Hindalco, NTPC, Ashok Leyland, Hindustan Copper, Nazara Tech, Cochin Shipyard, Bosch, Glenmark Pharma, Indiabulls Housing Finance, Sun Pharma Advanced Research, Bajaj Healthcare, Jamna Auto, Karnataka Bank, Manappuram Finance, Torrent Pharma, Narayana Hrudayalaya, EID Parry, Suzlon, Easy Trip Planners, Coffee Day Enterprises, and Bikaji Foods.
IndiGo Q4 profit more than doubles
InterGlobe Aviation—the parent of the country's largest airline IndiGo—has registered a net profit of Rs 1,894.8 crore for the January-March period, more than doubled over a net profit of Rs 919.2 crore for the corresponding period a year ago. Its total income has grown 26.7 per cent on a year-on-year basis to Rs 18,505.1 crore for the final quarter of FY24.
Most domestic infra projects to stage stable operating performance in FY25: India Ratings
Infrastructure- and construction-related stocks are likely to be in focus in Friday's session. India Ratings and Research expects a stable operating performance for most infrastructure projects in the year ending March 2025, maintaining its 'stable' outlook for the sector. That includes the transport segment, which signifies low chances of rating changes for the sector in the near to medium term, according to the ratings agency.
Taro shareholders give nod to Sun Pharma merger
Taro Pharmaceutical Industries shareholders have approved a proposal to merge the company with Sun Pharmaceutical Industries. Upon completion of the proposed merger, Taro will become a privately held company wholly owned by Sun Pharma.
Sun Pharma Managing Director Dilip Shanghvi has said that the combined entity "will enable us to better serve the needs of patients, healthcare professionals and our customers around the world”.
Wipro Appoints Sarat Chand as Regional Head & MD of Northern Europe Region
Wipro has announced the appointment of Sarat Chand as Regional Head and Managing Director of Northern Europe. Sarat will report to Wipro’s Europe CEO, Pierre Bruno.
Bharat Dynamics and Som Distilleries & Breweries shares to trade ex-share split
Bharat Dynamics (BDL) and Som Distilleries & Breweries (SDBL) shares are scheduled to trade ex-stock split on Friday.
Inox Wind, GM Breweries stocks to trade ex-bonus
Inox Wind (INOXWIND) and GM Breweries (GMBREW) shares are all set to trade ex-bonus on Friday.
Tata Consumer Products shares to trade ex-dividend
Tata Consumer Products (TATACONSUM) are scheduled to trade ex-dividend on Friday.
Vedanta shares to trade ex-dividend
Vedanta shares are scheduled to trade ex-dividend on Friday.