Home >Markets >Stock Markets >Stocks to Watch: RIL, Infosys, Airtel, DLF, UltraTech Cement, Bank of Baroda
Reliance Jio Infocomm Ltd, owned by Reliance Industries Ltd, on Thursday paid  ₹195 crore to the department of telecommunications to clear all adjusted gross revenue dues (Reuters)
Reliance Jio Infocomm Ltd, owned by Reliance Industries Ltd, on Thursday paid 195 crore to the department of telecommunications to clear all adjusted gross revenue dues (Reuters)

Stocks to Watch: RIL, Infosys, Airtel, DLF, UltraTech Cement, Bank of Baroda

Here’s a list of top 10 stocks that may be in focus on Friday

Here’s a list of top 10 stocks that may be in focus on Friday

RIL: Reliance Jio Infocomm Ltd, owned by Reliance Industries Ltd, on Thursday paid 195 crore to the department of telecommunications to clear all adjusted gross revenue dues accounted until 31 January 2020. According to a PTI report, Jio is the only telco that has cleared adjusted gross revenue (AGR) related dues within the 23-January deadline of the Supreme Court.

Infosys: Markets regulator Securities and Exchange Board of India will order a forensic audit into the IT firm’s books, following allegations by whistleblowers that its top executives were involved in accounting malpractices, sources told Mint. SEBI’s decision comes in the wake of the company’s internal audit committee clearing all charges against the top management.

Bharti Airtel: The telecom operator’s chief regulatory officer Ravi Gandhi has resigned from his position, according to a Mint report. Gandhi’s exit comes at a time when the company and other mobile operators are facing an unfavourable Supreme Court verdict to clear dues amounting to nearly 1 trillion in the adjusted gross revenue case.

UltraTech Cement: The cement major will announce its earnings for the quarter ended December today. Separately, one of India’s largest steel maker JSW Steel Ltd will also report its financial results for the three months ending December.

DLF: India’s largest real estate firm will invest 5,000 crore to develop a commercial project, primarily office development and some retail space, on 27 acres in Chennai’s Taramani area. The project, DLF Downtown, is its fourth project in Chennai and will be developed in a joint venture with Tamil Nadu Industrial Development Corporation.

Coffee Day Enterprises: The company has signed a definitive agreement to sell Way2Wealth Securities Pvt Ltd including its certain subsidiaries to Shriram Ownership Trust, the parent company of Shriram Capital Ltd. The acquisition is subject to closing conditions and all regulatory approvals.

Biocon: The biopharmaceutical company, after market hours on Thursday, posted a 7% year-on-year decline in its consolidated net profit to 203 crore for the December quarter. Net profit fell as the company sharply increased its expenses on research and development and due to a one-time cost. The Bengaluru-based firm posted a 71% rise in R&D expenses to 131 crore.

Lakshmi Vilas Bank: The private lender appointed three additional directors on its board. Meeta Makhan, Sanjay Kumar Khemnani and KR Pradeep have been appointed as non-executive directors on the board of the bank. While Makhan and Khemnani will be independent directors, Kumar will be non-independent.

Info Edge (India): The company on Thursday said it has set up an alternative investment fund - Info Edge Venture Fund - to invest in technology and technology-enabled entities that provide technology to create, market and distribute innovative products and services that benefit consumers at large.

Bank of Baroda: The public-sector bank, the second largest in India, will announce its earnings for the December quarter today. Another state-owned lender Indian Bank will also release its third quarter financial results.

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