Maruti Suzuki stocks will remain in focus on Friday as the car maker on Thursday post market hours announced receipt of approval from its minority shareholders to let its Japanese parent Suzuki invest and own upcoming plant in Gujarat, where a total investment of Rs 18,500 crore has been envisaged in the long term.
After four day rally, the BSE Sensex and NSE Nifty opened on a weak note on Friday following global cues. At 9.43 am, The BSE Sensex was down 30.50 points at 25,773.28. NSE Nifty was down 13.05 points at 7,831.30.
Below are the stocks that are likely to be in focus today:
Eros International Ltd: Stocks of the company were trading 2.47 per cent up at Rs 266.00 (at 9.45 am) following the release of Bollywood movie ‘Bajirao Mastani’ on Friday, for which Eros International is a distributor.
TAKE Solutions: Share price of the company was trading over 3 per cent down in early trade the IT major on Thursday post market hours said that the recent floods in Chennai will impact its revenue and margins for the quarter ended December 31, 2015.
Maruti Suzuki: Stocks of the company will remain in focus on Friday as the car maker on Thursday post market hours announced receipt of approval from its minority shareholders to let its Japanese parent Suzuki invest and own upcoming plant in Gujarat, where a total investment of Rs 18,500 crore has been envisaged in the long term.
ONGC: Oil Minister Dharmendra Pradhan vowed to protect government and ONGC’s interest on the issue of state-owned firm’s natural gas from Bay of Bengal block flowing to adjoining fields of Reliance Industries.
GIC Housing: GIC Housing Finance said Reliance Capital Trustee Company has bought 1.85 per cent stake, valued at over Rs 21 crore at the current market prices.
Muthoot Microfinance: The microfinance arm of the country’s second largest gold loan company Muthoot Fincorp, is talking to private equity players to raise Rs 100 crore to shore up its core capital.
HDFC: Germany’s ERGO International will buy 22.9 per cent additional stake in HDFC ERGO General Insurance for Rs 1,122 crore, becoming the latest foreign insurer to increase holding in Indian venture following relaxation of FDI norms in the sector.
Tata Power: Tata Power and renewable energy firm Gamesa India have entered into a pact for a 100 mw wind turbine project in Andhra Pradesh.
JMC Projects: Civil engineering and EPC firm JMC Projects (India) Ltd (JMC) today said that it has bagged construction projects worth over Rs 1,050 crore.
Bank of Baroda: CBI filed its charge sheet against two employees of Bank of Baroda for offences including criminal conspiracy and cheating in connection with alleged illegal remittances of over Rs 6,000 crore made to over 350 accounts in Hong Kong and Dubai from one of its branch.
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