Domestic equity markets are likely to open on a flat note on Friday tracking Nifty futures on the Singapore Stock Exchange and mixed global cues.
Here is a list of top stocks that are likely to be in focus today:
Jet Airways: Budget carrier Jet Airways on Thursday announced expansion of its codeshare partnership with Air France, KLM Royal Dutch Airlines, and Delta Air Lines. Under the expanded pact, the carriers will expand choice and connectivity options for guests flying between India and Europe, Jet Airways said in a release.
Reliance Defence: Reliance Infrastructure on Thursday said its arm Reliance Defence has entered into a pact with Daher Aerospace, France for aerospace equipment manufacturing. “This offers a great opportunity for both the companies to work together for aerospace composites parts manufacturer. There is an increasing demand in aerospace sector for the composite components,” Reliance Infrastructure said in a BSE filing.
Fortis Healthcare: Malaysia’s healthcare services provider IHH Healthcare Berhad on Thursday said it is not close to “concluding any negotiations” to buy controlling stake in Fortis Healthcare.
State Bank of India: State Bank of India, the country’s biggest bank, has been authorised to refer Essar Steel, Bhushan Steel and Electrosteel to the bankruptcy court raising the possibility that some of these companies could be merged in an effort to return them to health. The decision of the lenders consortium which met in Mumbai on Thursday indicates a new urgency in dealing with lakhs of crores of bad loans in the steel sector. The three companies between them owe banks nearly Rs 1 lakh crore.
RIL: Reliance Industries (RIL) and partner BP have withdrawn the gas price-related arbitration against the government, paving the way for the companies to claim the premium price for output from deep-sea fields in which they plan to invest Rs 40,000 crore.
Reliance Communications: Global private equity investors and international hedge funds, including NSR Partners, Galleon, HSBC Daisy Investments (Mauritius), Drawbridge Towers, Investment Partners B (Mauritius) and George Soros Quantum Funds are learnt to have backed Reliance Communications’ decision to sell a majority stake in its tower arm, Reliance Infratel, to Canada’s Brookfield Group, two people directly aware told ET.
Mahindra & Mahindra: Global brokerage firm Credit Suisse maintained ‘Outperform’ rating on Mahindra & Mahindra with a target price of Rs 1,530. The scrip was at Rs 1,396.10 on Thursday on BSE.
Quess Corp: The company has signed an agreement to acquire 46 per cent equity in Heptagon Technologies on June 21. The acquisition will be completed on or before July 31, 2017.
Wockhardt: The company and its two subsidiaries, Wockhardt UK Holding and CP Pharmaceuticals, have settled an ongoing commercial litigation before the High Court in London, UK in relation to a supply contract for a drug named Trisenox.
Shriram EPC: The company has won multiple orders under its water management business amounting to Rs 165 crore.
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