Stocks in news: Biocon, Nykaa, Britannia, Tata Consumer, Nestle

Equity markets exhibited positive strength on Tuesday with investors showing reluctance to significantly trim their positions ahead of the RBI MPC meeting. Analysts said expectations for a dovish monetary policy buoyed sentiment in the bond market. In today’s trade, shares of Max Financial, Biocon, Nykaa, Nestle among others will be in focus due to various developments and corporate results.

Biocon
Biocon has tentative approval from USFDA for Dasatinib Tablets, which are used to treat Philadelphia Chromosome Positive Chronic Myeloid Leukemia.

Britannia
Biscuit maker Britannia Ltd’s consolidated net profit fell 40% year-on-year to Rs 556 crore in the December quarter Revenue from operations rose by a marginal 1% year-on-year to Rs 4,256 crore.

Read more: Here’s the trade setup for today’s session

Nykaa
FSN E-commerce Ventures, which operates omnichannel beauty and fashion retailer Nykaa, nearly doubled its consolidated net profit to Rs 16.2 crore for the quarter ended December.

Power Grid, Nestle India, Tata Consumer, Lupin, Trent
Shares of Power Grid, Nestle India, Tata Consumer, Lupin and Trent will be in focus today as the companies will announce their third quarter results.

Max Financial
Max Financial said insurance regulator Irdai has approved capital infusion of Rs 1,612 crore by Axis Bank into Max Life.

Nazara Tech
Nazara Tech reported net profit of Rs 29 crore in the quarter ended December, while revenue was ip 2% at Rs 320 crore.

Navin Fluorine
Navin Fluorine posted net profit of Rs 78 crore in the third quarter and revenue from operations were at Rs 502 crore.

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