Produced by: Prashun Talukdar Designed by: Manoj Kumar
"Expectations of a healthy corporate earnings could keep sentiments upbeat going ahead. If today's positive session is any indication, then Nifty may flirt with its all-time-high of 21,834.35 again," said Prashanth Tapse, Senior VP (Research) at Mehta Equities. On the stock-specific front, Dabur, Vodafone Idea, Jupiter Wagons and few other counters will be in focus today.
Shares of Dabur India Ltd moved 2.73% up to close at Rs 566.10 in the previous trading session. The FMCG giant said it expects mid- to high-single-digit growth in its consolidated revenue for the third quarter ended December 31, as demand for its consumer goods in rural areas continued to lag urban regions and pricing growth remained subdued.
Shares of Lupin Ltd fell 0.58% to close at Rs 1,397.90. The pharma company said it has received a tentative approval from United States Food and Drug Administration (US FDA) for Dapagliflozin and Saxagliptin tablets.
Vodafone Idea Ltd (LIL) shares jumped 5.79% to close at Rs 16.81. VIL said it has received a tax order to pay Rs 10.77 crore as penalty. "The company does not agree with the order and will take appropriate legal action(s) for rectification/ reversal of the same," the telecom company underscored.
Shares of Grasim Industries Ltd shed 0.10% to settle at Rs 2,068.60. The company has announced its rights issue plan of 2.2 crore shares worth Rs 3,999.80 crore. It has priced its issue at Rs 1,812 per share, around 12 per cent discount when compared to Thursday's closing price.
Shares of Jupiter Wagons moved 4.39% higher to close at Rs 331.60. The company has bagged a significant contract from the Ministry of Defence to manufacture and supply of 697 boggie open military (BOM) wagons. The order is valued at Rs 473 crore.
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