Stock Market Today: On the NSE IX, the GIFT Nifty increased by 6.5 points, at 22,400, indicating that Dalal Street would likely have a quiet start to the day. CG Power and Industrial Solution closed with gains of more than 4% to record a new high, Godrej Consumer, which was up more than 5%, and Godrej Agrovet, which reduced gains after achieving a new 52-week high on Tuesday, are among the stocks that were the focus of attention. Due to the ongoing national elections, domestic benchmark equity indices concluded Tuesday’s trading session lower due to losses in auto and heavyweight banking firms. Additionally, volatility increased to a 15-month high. The S&P BSE Sensex down 0.52% to 73,512, while the blue-chip Nifty 50 fell 0.62% to 22,302 points. As the firms release their fourth quarter results today, attention will be focused on the shares of L&T, Tata Power, Canara Bank, Hero Moto, and BSE.
Stock Market Today: Stocks in focus
JSW Energy
An Indian power firm called JSW Energy Limited produces, transmits, and trades electricity. It belongs to the JSW Group. For the March quarter, JSW Energy’s net profit climbed by 22% on an annual basis to Rs 345 crore. Additionally, the business declared a dividend of Rs 2 per share.
Dr Reddy’s Laboratories
Based in Hyderabad, Dr. Reddy’s Laboratories is a multinational pharmaceutical corporation of Indian origin. Kallam Anji Reddy, who had previously worked at Indian Drugs and Pharmaceuticals Limited, a mentor institute, started the company. In India and abroad, Dr. Reddy produces and distributes a broad variety of medications. Dr Reddy’s reported a 36% year-over-year increase in consolidated net profit to Rs 1,307 crore for the quarter that concluded in March 2024.
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