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Stocks in the news Coal India: The country's largest coal mining firm has recorded consolidated net profit at Rs 8,640.5 crore for the quarter ended March FY24, rising sharply by 25.8 percent over a year-ago period despite weak topline, aided by strong operating numbers with fall in input cost and employee expenses. Revenue from operations fell by 1.9 percent on-year to Rs 37,410.4 crore for the quarter. Coforge: The IT services company has recorded consolidated net profit at Rs 229.2 crore for the March FY24 quarter, falling 5.6 percent compared to previous quarter, impacted by weak operating numbers. Revenue from operations grew by 1.5 percent sequentially to Rs 2,358.5 crore for the quarter. Jubilant Pharmova: The company has approved the appointment of Harsher Singh as CEO of radiopharma business. Ajanta Pharma: The specialty pharmaceutical formulation company has reported consolidated net profit at Rs 203 crore for quarter ended March FY24, rising sharply by 66 percent over same period previous fiscal. Revenue from operations grew by 20 percent to Rs 1,054 crore during the same period. MOIL: The company's manganese ore production in April 2024 increased by 22 percent year-on-year to 1.60 lakh tonnes, while sales grew by 17 percent on-year to 1.15 lakh tonnes during the month.

Market Gap-up opening Expected between +65 to +85 points

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