Tata Motors Stock: said it had received an order from the additional commissioner of GST and central excise of Bhubaneswar levying a penalty of Rs 28.7 lakh on account of excess availment of credit under Section 73 of the CGST/SGST Act, 2017. 

On 7th May, The Nifty declined by 140 points to close at 22,302 while BSE Sensex also plummeted by 383 points to close at 73,511 points.

The Nifty Midcap 100 saw substantial losses, ending the trading session down by 987.75 points at 49,674.45.

Stocks to be in focus today, according to Experts and Zee Business

1. Dr Reddy’s Stock: Laboratories (DRREDDY) reported a 36.3 per cent year-on-year rose in consolidated net profit to Rs 1,307 crore for the March quarter over revenue growth of 12.5 per cent to Rs 7,083 crore. 
2. Q4 Results Stock:: Around 50 firms are scheduled to report their financial results for the quarter ended in March, including Hero MotoCorp, Bharat Forge, Piramal Enterprises, Canara Bank, Home First Finance Company, IGL, Godrej Agrovet, and Bajaj Consumer Care.
3. LTIMindtree Stock: collaborated with IBM to establish a global, joint Generative AI Center of Excellence (CoE) in India. The centre will focus on building point solutions to accelerate clients’ generative AI adoption journeys, the firm said. 
4. JSW Energy Stock: Company reported a 29 per cent year-on-year increase in consolidated net profit to Rs 351 crore for the quarter ended in March. Its revenue increased to Rs 2,879 crore from Rs 2,806 crore a year ago, according to a regulatory filing. 
5. IRB Infrastructure Stock: Developers reported a 45 per cent increase in consolidated net profit to Rs 188.9 crore for the March quarter driven by higher income. 
6. Tata Motors Stock: Company said it had received an order from the additional commissioner of GST and central excise of Bhubaneswar levying a penalty of Rs 28.7 lakh on account of excess availment of credit under Section 73 of the CGST/SGST Act, 2017. 
7. Infosys Stock won the ISO 42001:2023 certification by TUV India (part of the TUV Nord Group), an independent provider of technical quality and safety services.
8. Voltas Stock: Tata group’s  company reported a 22 per cent fall in consolidated net profit to Rs 111 crore for the March quarter. Its fourth-quarter revenue increased 42 per cent to Rs 4,203 crore, and margin contracted by 290 basis points to 4.5 per cent, according to a regulatory filing.
9. Pidilite Stock:reported a 19 per cent year-on-year increase in consolidated net profit to Rs 364 crore and growth of 7.9 per cent in revenue to Rs 2,902 crore for the final quarter of FY24.
10. United Breweries Stock Company reported its net profit in fourth quarter stood at Rs 81.55 crore, up more than 700 per cent YoY.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)