Adani Enterprises received two show cause notices (SCNs) from the Sebi over Hindenburg report in Q4FY24, alleging non-compliance of its provisions of the listing agreements and disclosure requirements (LODR regulations), the company stated in its filing to the exchanges, will keep stock in focus.
The Nifty 50 index gained 43 points to close at 22,648 points while the BSE Sensex gained 128.33 points to close 74,611.11 points.
In the Nifty 50 index BPCL, Power grid, Asian paints, Tata motors and Bajaj auto made into the list of top gainers while the Kotak bank, Tata consumers, Bharti Airtel made into the list of top losers.
Stocks to be in focus today, according to Experts and Zee Business
- Bajaj Finance Stock: The RBI has lifted certain restrictions imposed on Bajaj Finance in November that stopped the NBFC from sanctioning and disbursing loans under its lending products eCOM and Insta EMI Card.
- Wipro Stock : IT giant has been selected by US-based Independent Health to implement its Medicare Prescription Payment Plan (MPPP360) platform for the upcoming open enrollment period.
- Ajanta Pharma Stock: Company reported Q4 results with a 66 per cent year-on-year jump in consolidated net profit to Rs 203 crore for the March quarter. Its quarterly revenue grew to Rs 1,054 crore from Rs 882 crore a year ago, according to a regulatory filing.
- Britannia, Titan, MRF, Godrej Properties Stock: Around 50 companies are all set to report their quarterly financial results on May 3, including Titan, Britannia, MRF, Godrej Properties, Tata Technologies, Tatva Chintan, Aarti Drugs, Inox Wind, MRPL and Raymond.
- Coal India Stock: Company reported strong Q4 results with a rise of more than 26 per cent in consolidated net profit to Rs 8,682.2 crore for the January-March period, boosted by higher supplies of the dry fuel.
- Federal Bank, Coforge, RailTel, Blue Dart: Companies like Federal Bank, Coforge, RailTel and Blue Dart reported their quarterly numbers on Thursday.
- Adani Enterprises Stock: Company reported a 37.63 per cent year-on-year decline in consolidated net profit at Rs 450.58 crore for the quarter that ended on March 31 in financial year 2023-24
- Hindustan Unilever Stock: HUL has appointed Vipul Mathur as Executive Director of Personal Care, effective June 1st.
- Adani Energy Stock: The company entered into an agreement with Windson Project to buy Pointleap Projects for Rs 13.15 crore.
- Zydus Lifesciences Stock: The company plans to sell shares in the joint venture Bayer Zydus Pharma valued Rs 282 crore. Following the equity sale, Bayer Zydus Pharma will cease to be a joint venture of the firm.
- TVS Holdings Stock: The company plans to pay Rs 41.16 crore to Sandwood Investments for the remaining 10.74% interest in Emerald Haven Realty.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)
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