Last updated: March 10, 2023, 9:06 AM IST
Stocks to watch out for on Friday.
Stocks to watch: Stocks from companies like Reliance, Tata Motors, Wipro, Bank Of Baroda, HAL and others will be the focus of Friday’s trading.
The Nifty futures contract trading on the Singapore Exchange signals a negative start for domestic stocks. The contract traded at 17,473.50, down 144.5 points or 0.82% from the previous close.
“The domestic market was barely able to sustain its previous gains as the Fed Chairman’s reaffirmation of his aggressive statement added further concerns. Against this background, the upcoming US job data will have a substantial impact on the Fed’s policy decisions at the upcoming FOMC meeting. A stronger-than-expected jobs report will prompt the Fed to raise interest rates by 50 basis points,” said Vinod Nair, Head of Research, Geojit Financial Services.
dependent industries
The Reliance Industries group’s FMCG unit announced the relaunch of Campa Cola, along with two other flavors, nearly 23 years after the soft drink brand stopped selling it in India. Reliance Industries had acquired the Campa company for Rs 22 crore earlier last year. Campa is being launched by the FMCG division of Reliance Retail Ventures and a wholly owned subsidiary, Reliance Consumer Products. Reliance Polyester also completed the acquisition of the polyester activities of Shubhalakshmi Polyesters and Shubhlaxmi Polytex.
Tata engines
Tata Technologies, a subsidiary of Tata Motors, on Thursday filed a DRHP with Sebi for an IPO through an offer to sell (OFS) for the sale of up to 95,708,984 shares, representing approximately 23.60% of the paid-up share capital .
Bank of Baroda
The lender’s board of directors approved the bank’s divestment plan to divest a stake of up to 49% in its wholly owned subsidiary, BOB Financial Solutions. BOB Financial Service is the credit card division of the lender, offering both consumer and commercial credit cards, catering to all segments of customers with diverse needs.
Ujjivan small financial bank
NSE and BSE have provided their observation letters for the merger plan between Ujjivan Financial Services and Ujjivan Small Finance Bank. This allows the lender to further submit their scheme to the NCLT.
Wipro
Wipro has announced that it has been selected by Menzies Aviation, the world’s largest airline services company, to transform its air cargo management services. Omkar Nisal, Managing Director UK & Ireland, Wipro, said: “Wipro is delighted to be partnering with Menzies Aviation, a global powerhouse in aviation services. This partnership allows us to leverage Wipro’s extensive technology capabilities combined with Menzies’ extensive experience in cargo handling and management to deliver a product that will revolutionize the air cargo industry.”
Hindu aviation
The board of Hindustan Aeronautics meets today to consider and approve the interim dividend.
Zydus Life Sciences
Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) for erythromycin tablets.
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