Wipro, IIFL Finance, Navin Fluorine, Mukka Proteins: Stocks to watch on Friday
Stocks to watch on Friday, March 15: Wipro announced that it has been selected by Desjardins to transform its credit solutions for members and clients. Fitch Ratings has placed IIFL Finance in the rating watch negative category.
Stocks to watch on Friday, March 15: Domestic equity benchmarks Nifty50 and Sensex are likely to make a weak start to the session on Friday amid negative signals from global markets as a worse-than-expected rise in US producer prices dashed nascent hopes of early reductions in benchmark interest rates. GIFT Nifty futures, an early indicator of the headline Nifty50 index, were down 129.6 points, or 0.6 per cent, at 22,135 at the last count, suggesting a gap-down start ahead on Dalal Street.
On Thursday, the Sensex rose 335.4 points, or 0.5 per cent, to end at 73,097.3 while the Nifty50 settled at 22,146.7, up 149 points, or 0.7 per cent, from its previous close, recovering some of the losses in a market-wide sell-off the previous day.
Here are some stocks that will be in focus on Friday, March 15:
Oil marketing companies (OMCs): The stocks of state-run Indian Oil, Hindustan Petroleum and Bharat Petroleum will be in focus after the central government announced a reduction of Rs 2 per litre each in the retail prices of petrol and diesel across the country.
One97 Communications: Paytm parent One97 Communications has received approval from the National Payments Corporation of India (NPCI) to participate in the country's popular Unified Payment Interface (UPI) as a third-party application provider (TPAP) under the multi-bank model.
IIFL Finance: The NBFC has been placed in the 'Rating Watch Negative' category by Fitch Ratings.
Wipro: The IT major has been selected by Desjardins to transform its credit solutions for members and clients.
Navin Fluorine International: The board has approved an additional investment of Rs 250 crore in the company's subsidiary, Navin Fluorine Advanced Sciences.
Mukka Proteins: The company has received purchase orders worth Rs 15.3 crore from Avanti Feeds Ltd for the supply of fish oil.
Eris Lifesciences, Biocon: Eris Lifesciences has announced the acquisition of the India branded formulation business of Biocon subsidiary Biocon Biologics for Rs 1,242 crore. It will also acquire a 19 per cent stake in Swiss Parenterals Ltd from the target company's promoters.
Star Health / GIC / New India Assurance/ ICICI Lombard/ SBI General: Zee Business news has been confirmed. The centre has initiated a pilot programme for cashless treatment in the case of road accidents of up to
Rs 1.5 lakh.
HDFC AMC/Nippon AMC/UTI AMC/ABSL AMC and other AMCs in focus: The asset management companies came with mixed results in respect of the stress result that has been mandated amid high valuations in the small and mid-cap stocks.
Star Health / GIC / New India Assurance/ ICICI Lombard/ SBI General: Zee Business news has been confirmed. The centre has initiated a pilot programme for cashless treatment in the case of road accidents of up to
Rs 1.5 lakh.
Bombay Burmah Trading Corp: The Assistant Commissioner, State Tax- Maharashtra has started searches at the company's registered office.
Shakti Pumps: The company has bagged an order around Rs 93 crore from the Maharashtra Energy Department Agency.
CG Consumer: The electrical company secured an order of Rs 92 crore from the Maharashtra, Haryana and Rajasthan government.
Railtel Corporation: The company has won a order of Rs 113.46 crore from Odisha Computer Application Centre
Gopal Snacks: In a bulk deal on Thursday, Quant Mutual Fund bought 15.05 lakh shares at 374.21 per share
KIMS: The healthcare entity will start a new hospital with a 300 bed capacity in Thane with an investment of Rs 500 crore.
With inputs from agencies
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