Stocks in Focus: Sun Pharma, GR Infraprojects, and Others
The GIFT Nifty futures, which are an early indicator of the Nifty50 index stocks, were trading lower by 115 points at 24,980, indicating that the domestic benchmark indices are likely to make a negative start on Friday.
Earlier on Thursday, 24 July, the Domestic benchmark indices S&P BSE Sensex slumped by 542.47 points or 0.66%, and settled at 82,184.17, while the Nifty50 traded 0.63% lower or 157.80 points, closing at 25,062.10.
Here are some stocks that are likely to remain in focus on 25 July.
Quarterly Results Today: Aadhar Housing Finance, ACME Solar Holdings, Gujarat Mineral Development Corporation, Shriram Finance, Bajaj Finserv, Cipla, Bank of Baroda, Laurus Labs, Paras Defence and Space Technologies, Petronet LNG, Sobha, Tata Chemicals, Poonawalla Fincorp, Steel Authority of India, and SBI Cards and Payment Services are some of the prominent companies set to announce their quarterly earnings for April-June.
Sun Pharmaceuticals: Sun Pharma has entered into a settlement agreement with the End Purchaser Plaintiffs in the US generic drug pricing antitrust litigation. As part of the deal, its subsidiaries will pay $200 million in exchange for a full release of all claims made by the settlement class members in the End Purchaser Action.
GR Infraprojects: GR Infraprojects emerged as the lowest (L-1) bidder for an EPC project worth Rs 290.23 crore. The project involves constructing the Giridih Bypass (towards Tundi) road in Jharkhand.
Enviro Infra Engineers: Enviro Infra Engineers secured a contract worth Rs 221.3 crore from the Bangalore Water Supply and Sewerage Board. The order includes EPC work for sewage treatment plants along with systems for reusing treated wastewater.
Bharat Electronics: BEL announced it has received fresh orders worth Rs 563 crore. The contracts cover critical defence technologies, including advanced communication systems and maritime surveillance equipment, reinforcing BEL’s role in strengthening India’s defence capabilities.
Wipro: The company has announced securing a multi-year deal from Saudi Arabia’s National Grid SA. Under the agreement, Wipro will modernise the utility’s meter data management system, helping enhance operational efficiency and digital infrastructure in the region’s power sector.
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