Top stocks in focus on Friday, 23 June 2017
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.
SGX Nifty was up 2 points, or 0.02 per cent, at 9,637 in the morning trade around 8 am (IST), indicating a soft start for NSE Nifty index.
Most of the Asian peers inched higher on Friday, buoyed by a modest rebound in oil prices after the commodity hit 10-month lows, while the US yield curve managed to stall its recent flattening.
Here is a list of top stocks that are likely to be in focus today:
Jet Airways: Budget carrier Jet AirwaysBSE -0.67 % 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 expa
nsion 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
Tata Motors: Tata MotorsBSE -0.14 % is set to save Rs 300-400 crore in what’s termed the biggest restructuring exercise in the history of the company. The recast of the white-collar workforce has resulted in 1,200-1,300 employees getting reassigned, shifted to other units or asked to leave. The company has also slashed 2,500 positions, by eliminating a plethora of designations, all of which will add to the bottom line.
Mindtree: Mid-tier IT firm
Mindtree said it would look at share buyback, and the proposal would be discussed at the board meeting to be held on June 28.
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 litiga ..
Shriram EPC: The company has won multiple orders under its water management business amounting to Rs 165 crore