Stocks to watch out for on Friday
The Indian equity markets may open on a flat-to-positive note on Friday. Trends on SGX Nifty suggest that markets are likely to open with marginal gains of 15 points at 9,809.
Nifty has resistance placed in the region of 9,800-9,830, and if it successfully manages to stay above this level, expect the rally to extend up to the level of 9,880 in the short term.
Here are the stocks to watch out for on Friday’s trade.
State Bank of India: SBI to cut base rate by 5 basis points to 8.95% from Sunday, reported a leading business daily.
GAIL: Petroleum and Natural Gas Regulatory Board (PNGRB) has put up a consultation document on unified pipeline tariff proposing a 60% hike in tariff by GAIL.
Vakrangee: Vakrangee promoters has hiked stake in the company to 41.72% from 41.59%.
Godrej Properties: Godrej Properties has acquired new project in Bengaluru, which is expected to offer 4.7 million square feet.
NTPC: NTPC to start commercial operations of 500 MW unit at Feroze Gandhi Uchahar Thermal Power Station.
Shreyas Shipping: Shreyas Shipping has signed a memorandum of association for acquiring one multipurpose vessel and one container vessel.