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Stocks to Watch: Dr Reddy's, Vodafone Idea, One97 Communications, RBL Bank

After a choppy start on Thursday, BSE Sensex gained momentum in afternoon trade to end 157 points higher at 58,807 while the Nifty climbed 0.27% to 17,516. (File Photo: AFP)Premium
After a choppy start on Thursday, BSE Sensex gained momentum in afternoon trade to end 157 points higher at 58,807 while the Nifty climbed 0.27% to 17,516. (File Photo: AFP)

  • Inflows into equity mutual funds rose to 11,615 crore in November, as per AMFI data. Inflows can be attributed to the slight correction in the market recently. Equity MFs have been witnessing inflows since March this year on the back of a strong rally in the market

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NEW DELHI: Here is the list of stocks that could be in focus on Friday:

Dr Reddy’s Laboratories: Has sought permission from India’s drug regulator to conduct a phase-3 clinical trial to evaluate the efficacy and safety of Sputnik Light vaccine as a booster dose against COVID-19 in India.

Vodafone Idea: The telco has managed to raise funds for the payment of bondholders' interest on time, according to a media report. Vodafone Idea is expected to pay 6,000 crore beginning 13 December to March 2022. It has been in talks with lenders and investors to raise funds for repayment of bonds.

Aviation stocks: India has extended the ban on scheduled international flights till 31 January. This will not be applicable to any international all-cargo operation and flight specifically approved by Director-General of Civil Aviation.

One97 Communications: The fintech major's subsidiary, Paytm Payments Bank Ltd, has been included in the second schedule of the Reserve Bank of India Act and is now a scheduled payments bank. Accordingly, it can now participate in government and other large corporations issued Request for Proposals (RFP), primary auctions, fixed-rate and variable rate repos, and reverse repos, along with participation in the marginal standing facility.

RBL Bank: Is seeking buyers for its 105-crore loan exposure to Future Corporate Resources Pvt Ltd, which holds a majority stake in Future Coupon, a 51:49 joint venture with Amazon. The decision to sell it comes in the wake of considerable delay in the two-stage merger of 19 Future Group companies with Future Enterprises, followed by a slump sale to Reliance group entities.

Ruchi Soya: The Supreme Court has issued notices to the Securities and Exchange Board of India (Sebi), BSE, NSE and Ruchi Soya asking them to file responses to a petition by Kolkata-based Ashav Advisory. The investor has claimed that Ruchi did not honour its pre-Covid commitment to allot shares of the company which is worth 1,700 crore today.

Go Fashion: SBI Mutual Fund has bought 1.5 million shares of Go Fashion at 1,172 apiece through a bulk deal on the National Stock Exchange. In another transaction, India Advantage Fund sold 1.5 million shares of Go Fashion at 1,172 apiece through a bulk deal on the NSE.

HFCL: The company closed the qualified institutional placement issue and raised 600 crore by allocating 8,72,72,727 equity shares at issue price of 68.75 apiece.

Marksans Pharma: UK health regulator has granted market authorisation to the company's wholly owned subsidiary Relonchem for Loperamide 2mg hard capsules. Marksans will manufacture the products at its UK MHRA-approved state-of-the-art oral dosage facility located in Goa, India.

Reliance Capital: Deloitte has been picked to provide support to Nageswara Rao Y, the RBI appointed administrator for the insolvency resolution process of Reliance Capital, according to a media report. The Deloitte team would help in matters of compliance, filings, communication, among others.

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