Top 5 stocks in focus on September 17: Ircon International, REC to Infosys, here are the 5 newsmakers of the day

The domestic stock market on Friday closed in green after the Sensex witnessed a growth of 372.68 points and Nifty 50 saw a rise of 145.30 points. However, there were certain stocks, like Redington, OMCs to Infosys, that came in the news after the market was closed for trading on the day and will have an impact on the market on September 17, 2018. Here is the list of such stocks: 

Ircon International Limited: The public sector enterprise IRCON International will open its initial public offering (IPO) for subscription on September 17, 2018, with a price band of Rs 470-475 per share. It will be closed on September 29, 2018. The public issue comprises an offer for sale of 99,05,157 equity shares by the government of India which intends to raise around Rs 470 crore through this IPO. 

Redington (India) Limited: The board of directors of Redington India will meet today to consider a proposal to buy back fully paid-up equity shares of the company.

Rural Electrification Corporation (REC): Rural Electrification Corporation has reported a Rs 1,468.70-crore net profit for the first quarter of the financial year 2018-2019. This is 37 per cent higher than the Rs 1,075.96-crore profit for the same quarter of the financial year 2017-18. Total income during the quarter has been Rs 6,319 crore against Rs5,628 crore in the same quarter of the financial year 2017-2018.

Oil Marketing Companies (OMCs): As per reports, the Reserve Bank of India may open a special dollar swap facility for OMCs to stem rupee's fall if it became unreasonable. In such a facility, OMCs will source dollars directly from the Reserve Bank of India (RBI) instead of going to the market.

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Infosys: India's second largest IT services firm Infosys said, on Friday, it will acquire Finland-based Fluido in a deal worth up to EUR 65 million (over Rs 544 crore). Headquartered in Espoo, Finland, Fluido is one of the largest Salesforce (software company) consulting partners in Europe.