Stocks to watch out on Friday
Stocks to watch out on Friday Here is the list of stocks to watch out for on Friday:
Infosys: The stock may stay on investors’ radar ahead of the company’s board meeting to consider a share buyback on Saturday.
Pharma stocks: The government proposes to revamp the country’s drug pricing regulator, allowing it to set prices of only essential medicines. The latest draft proposals suggest amendments to the drug pricing policy and inducting advisory body of experts in a move to strengthen the regulatory body, but at the same time may take away its absolute power to fix drug prices in public interest.
Emami: Emami Agrotech, a part of the diversified Emami group, is eyeing to generate a revenue of Rs 1000 crore from edible oil business in Bihar. Bihar stands at over 7000 tons per month in a time span of less than three years’ time in terms of sales volume, reported a leading business daily.
Raymond: Textile major Raymond has acquired remaining 50% stake in joint venture JK Ansell in an effort to scale up its consumer products business and take its key brand KamaSutra globally.
PNB, HDFC Bank: Punjab National Bank and HDFC Bank have slashed interest rate on savings bank accounts by 50 basis points to 3.5% on deposits up to Rs 50 lakh. Besides, PNB has also reduced interest rates on fixed deposits of less than Rs 1 crore by 15-40 basis points on select maturities.