Stocks to watch: Infosys, Dr. Reddy’s Laboratories, Godrej Consumer Products, Siemens, Linde India, Kalpataru Power Transmission

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 29 points at the opening bell.

On the macro data front, investors are awaiting the industrial production and manufacturing production data for March, and inflation for April, scheduled to be released later in the day.

Infosys: The company announced that it has been selected by Britvic, one of the leading branded soft drinks businesses in Europe, as a strategic end-to-end partner to help them deliver their strategic transformation roadmap and operations, across Applications, Cloud Infrastructure, Service Management and End User Computing.

Dr. Reddy’s Laboratories: Dr Reddy’s along with its subsidiaries announced the launch of Ertapenem for Injection, 1 g/vial, a therapeutic equivalent generic version of INVANZ (ertapenem for injection) for injection, 1 g/vial approved by the U.S. Food and Drug Administration (USFDA).

Godrej Consumer Products: On a consolidated basis,  the company reported 59.13% jump in net profit to Rs 365.84 crore on 24.71% rise in total income to Rs 2,747.35 crore in Q4 March 2021 over Q4 March 2020.

Siemens: On a consolidated basis, Siemens reported 90.32% jump in net profit to Rs 334.40 crore on 30.15% rise in total income to Rs 3,552.50 crore in Q2 March 2021 over Q2 March 2020.

Linde India: On a consolidated basis, Linde India reported 676.94% jump in net profit to Rs 303.24 crore on 88.08% rise in total income to Rs 740.63 crore in Q1 March 2021 over Q1 March 2020.

Kalpataru Power Transmission: On a consolidated basis,  it reported 461.29% jump in net profit to Rs 174 crore on 15.7% rise in total income to Rs 4,104 crore in Q4 March 2021 over Q4 March 2020.