Here is a list of top 10 stocks that may be in focus on Friday:
HDFC: The mortgage lender, after market hours on Thursday, said it has completed the acquisition of 50.80% shares of Apollo Hospitals Group in Apollo Munich Health Insurance Company for ₹1,485 crore. It also acquired 0.36% stake in Apollo Hospitals held by employees for ₹10.67 crore. Apollo Munich has been renamed to HDFC ERGO Health Insurance, which will operate as a subsidiary of HDFC Ltd.
Bharti Airtel: The company’s board will meet on 14 January to determine the price of equity shares to be issued under qualified institutional placement (QIP) and the price for issue of foreign currency convertible bonds (FCCBs). On Wednesday, it had launched a QIP worth $2 billion at an indicative issue floor price of ₹452 per share, and a separate fundraise exercise through issue of FCCBs of up to $1 billion.
Infosys: Asia’s second largest IT services company Infosys will announce its earnings for the third quarter ending December today. On Thursday, shares of the company snapped a three-day losing streak ahead of the company’s quarterly results. On the BSE, the stock ended 1.3% higher at ₹727.55.
Tata Motors: The auto major’s managing director and chief executive officer Guenter Butschek on Thursday said the transition to Bharat Stage 6 emission norms will give the company ‘a much more powerful play’ in the domestic market during fiscal 2020-21. The firm is betting on passenger vehicles to lead its turnaround plans.
Yes Bank: The board of the private lender will meet today to consider fund raising. Shares of the private lender had rallied in the past two trading sessions on the news. Separately, the bank has been banned from trading in National Stock Exchange’s F&O segment, after its security crossed 95% of the market-wide position limit.
IOC: The state-owned fuel retailer on Thursday said credit rating agency ICRA has assigned new rating of AAA with a stable outlook for non-convertible debentures issued by the company. Separately, rating agency Crisil has also assigned AAA with a stable outlook for the debt instrument.
GAIL: The state-owned gas company said it has appointed Petroleum Ministry Additional Secretary Rajiv Bansal as part-time director on the board of the company. The firm’s board has approved the appointment as the government’s nominee director. Earlier, Bansal’s was joint secretary in the ministry of electronics and information technology.
TCS: The IT giant, after market hours on Thursday, said it has expanded partnership with Vipps AS, Norway’s leading player in the payments and identification segment, to leverage the company’s Machine First Delivery Model and cloud services to accelerate the latter’s digital growth.
GMR Infra: GMR Hyderabad Aerotropolis Ltd, a subsidiary of GMR Hyderabad International Airport Ltd, has formed a joint venture with global logistics real estate firm ESR to develop a 66-acre logistics park in Hyderabad for ₹550 crore. ESR and GMR have entered into an definitive agreement with an equity interest of 70% and 30%, respectively, in the special purpose vehicle named GMR Logistics Park Pvt Ltd.
Delta Corp: The company, after market hours on Thursday, said its subsidiary in Nepal has been issued a licence for operating a casino in the country. The operations of the casino at the Marriot Hotel in Kathmandu are expected to commence soon. The company had signed a memorandum of understanding for leasing space at Marriot in Kathmandu.