Bharti Airtel, Cipla, SBI, Gland Pharma, Tata Motors, L&T, Jindal Stainless stocks in focus

According to analysts the brief time period pattern of Nifty is uneven with weak bias

BSE Sensex snapped a two-day shedding streak on Friday because the benchmark index gained marginally, whereas Nifty ended with flat to damaging bias. Monday might begin on a optimistic be aware for home indices with the SGX Nifty gaining 58 factors or 0.39 per cent on Singaporean Exchange in the course of the early hours of commerce. According to analysts the brief time period pattern of Nifty is uneven with weak bias. “The present market action signal chances of an upside bounce in the coming sessions. The confirmation of higher bottom at 14591 (Friday’s Low) is expected to pull the market on upside. The next upper levels to be watched around 14900-15000 in the next one week. Immediate support is placed at 14590,” stated Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

Stocks in focus in the present day

Bharti Airtel, Federal Bank: BSE-listed corporations corresponding to Bharti Airtel, Colgate-Palmolive (India), Federal Bank, Gland Pharma, Gujarat Narmada Valley Fertilisers Chemicals (GNFC), Indo Count Industries, Manglore Refinery Petrochemicals (MRPL), Orient Cement, Shakti Pumps, Sun Pharma Advance and Wabco India, will announce their January-March quarter outcomes on May 17.

Granules India: The company has earmarked a capex of round Rs 1,000 crore which it goals to take a position over the subsequent three monetary years on enlargement of operations, based on a high company official.

State Bank of India: SBI will promote three unhealthy accounts to asset reconstruction corporations or different monetary establishments subsequent month to get well dues of over Rs 235 crore, based on a gross sales discover.

Larsen & Toubro: Larsen and Toubro (L&T) on Friday reported a 3 per cent on-year improve in the web revenue to Rs 3,293 crore in the course of the January-March quarter of FY21. The company’s consolidated income was up 9 per cent on-year at Rs 48,088 crore.

Vedanta: Vedanta-owned Sterlite Copper has briefly paused manufacturing at its oxygen plant in Tuticorin as a consequence of a technical snag in the chilly field. The company just lately reopened the plant to provide medical oxygen, and the primary set of tankers was dispatched to beneficiaries on Thursday.

Tata Motors: Moody’s Investors Service on Friday modified the outlook on Tata Motors to secure from damaging. At the identical time, it affirmed TML’s B1 company household score (CFR) and B1 senior unsecured scores.

Cipla: Drug main Cipla posted 73 per cent rise in consolidated web revenue at Rs 412 crore for the fourth quarter ended March 31, 2021 on the again of sturdy gross sales throughout markets. The Mumbai-based agency had reported a web revenue of Rs 238 crore in January-March 2019-20.

Jindal Stainless: JSL on Friday reported a consolidated web revenue of Rs 292.61 crore for the fourth quarter ended March 2021. The company had registered a web lack of Rs 66.20 crore in the year-ago interval, JSL stated in a BSE submitting.

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