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Maruti Suzuki, SBI Life, Britannia: Stocks to watch on Monday


Stocks to watch on Monday, April 29: Market benchmarks Sensex and Nifty wilted under selling pressure on Friday after a five-day rally as investors pared exposure to banking, financial, and consumer durable stocks amid mixed trends in global markets.

Rising global crude prices, a depreciating rupee, and persistent foreign fund outflows further weighed on sentiment, traders said.

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Profit-taking also came into play as the 30-share BSE Sensex tanked 609.28 points or 0.82 per cent to settle at 73,730.16. The NSE Nifty declined 150.40 points or 0.67 per cent to 22,419.95.

Here are some stocks that will be in focus on Monday, April 29: 

Results on April 29: UltraTech Cement, Birlasoft, Trent, Can Fin Homes, and Tata Chemicals will announce their Q4 results.

Maruti Suzuki: The country’s largest car maker Maruti Suzuki India on Friday reported a 47.8 per cent rise in net profit for the March quarter of FY24 to Rs 3,877.8 crore, on account of higher sales volume and favourable commodity prices. The auto major had reported a net profit of Rs 2,623.6 crore in the year-ago period, Maruti Suzuki India said in a regulatory filing.

SBI Life: The insurance company reported a consolidated net profit of Rs 810.8 crore for the January-March period against Rs 776.85 crore year-on-year (YoY).

Britannia: The company will announce its Q4 results on May 3, 2024.

Force Motors: The company’s consolidated net profit for the fourth quarter stood at Rs 140.29 crore against Rs 146.62 crore YoY, down 4.3 per cent. 

(With inputs from agencies.) 

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