Home > Markets > Stock Markets > Stocks to Watch: Airtel, Vodafone, M&M, Maruti, Aurobindo Pharma, RBL Bank
Top stocks that may be in focus in Friday's trade  (Mint)
Top stocks that may be in focus in Friday's trade (Mint)

Stocks to Watch: Airtel, Vodafone, M&M, Maruti, Aurobindo Pharma, RBL Bank

  • Industry body COAI has reached out to finance minister Nirmala Sitharaman to address the concerns of telecom industry
  • Rating agency Moody’s has revised the outlook for the Indian banking system to negative from stable

NEW DELHI : Here’s a list of stocks that may be in news in Friday’s trade:

Telcos: The Cellular Operators Association of India, which represents private telecom operators Bharti Airtel, Vodafone Idea and Reliance Jio, has reached out to finance minister Nirmala Sitharaman for refund of unutilized input tax credits, lowcost funding, rationalization of levies and reduction of spectrum usage charges among others.

Auto companies: The ongoing nationwide lockdown to contain the spread of covid-19 has aggravated the woes of the automotive industry. Leading carmakers such as Maruti Suzuki India Ltd, Mahindra & Mahindra Ltd and Tata Motors Ltd registered a steep decline in March sales.

Banking stocks: Rating agency Moody’s on Thursday revised the outlook for the Indian banking system to negative from stable, citing disruptions in economic activity caused by the covid-19 outbreak and an ensuing deterioration in asset quality.

Aurobindo Pharma: Aurobindo Pharma Ltd has abandoned a proposed $1 billion purchase of the US dermatology business as well as three manufacturing plants of Sandoz, the generics unit of Swiss drug maker Novartis, as it did not get approval from the US Federal Trade Commission.

IndiGo, SpiceJet: Airlines can take domestic bookings after 14 April, unless the current lockdown, which has been implemented to contain the spread of contagious covid-19 virus, is further extended, aviation minister Hardeep Singh Puri said on Thursday.

Indraprastha Gas: State owned Indraprastha Gas Ltd on Thursday announced a reduction in its retail prices. “This revision in price would result in a decrease of 3.20 per kg in the consumer prices of CNG in Delhi and 3.60 per kg in Noida, Greater Noida and Ghaziabad," the company said in a statement.

ICICI Securities: ICICI Bank's broking and investment banking arm ICICI Securities on Thursday said that as a part of its CSR initiative it is partnering with IIM Bangalore's startup hub, to support startups in the fintech space through a structured program.

Jubliant FoodWorks: India's largest pizza chain, Domino's has joined hands with packaged consumer goods major ITC Foods to launch ‘Domino’s Essentials’, it said Thursday. The delivery infrastructure of Jubilant FoodWorks arm will be leveraged under this partnership to help customers order everyday grocery essentials offered by ITC Foods.

RBL Bank: Private sector lender RBL Bank Ltd said that it has lost about 8% of its deposits in the March quarter and its cost of deposits also declined on a sequential basis in the same period.

IndiaNivesh: After winding up its portfolio management services (PMS) business, IndiaNivesh Ltd said that it is shutting down its broking and commodity business. In a statement to BSE, the company has cited unprecedented fall in the stock markets coupled with the present lockdown leading to an unanticipated liquidity crunch to be reasons for shutting operations.

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