Home / Markets / Stock Markets /  Stocks to Watch: Wipro, Tata Steel, Vodafone Idea, Mindtree

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

Wipro Ltd: Has posted a net profit of 2,972.3 crore, a nearly 28% increase from the year-ago period, on the back of higher revenues. The profit was above consensus Bloomberg estimates of 2,873.7 crore. Revenues for the fourth quarter grew 3.4% year-on-year to 16,245.4 crore on broad-based growth across sectors.

Tata Steel: The steel major on Thursday unveiled its transformation plans for a steel tube making site in the UK's East Midlands, which it said will give the business the best chance of a strong future.

Vodafone Idea: Following a show-cause notice from the department of telecom on non-payment of licence fee in seven circles, Vodafone Idea has now made full payment with interest.

IL&FS: Bankrupt infrastructure financier IL&FS on Thursday raised its debt recovery target to 61,000 crore, almost 62% of the total financial debt. Last year the group had sai it could resolve loans worth 56,000 crore. The new board led by veteran banker Uday Kotak said it had so far resolved debt worth 43,000 crore.

Piramal Capital & Housing Finance: Part of Piramal Enterprises aims to become a financial conglomerate, with a larger focus on retail credit and moving away from builder loans by leveraging its recent tie-ups with technology startups.

Ashoka Buildcon: The company has received a Letter of Award from Gujarat Rail Infrastructure Development Corp for project - Gauge Conversion of Bechraji - Ranuj section, with 25 KV AC electrification in Ahmedabad division of Western Railway. Project cost is Rs333.625 crore.

Dabur India: Crossed 1-trillion in market capitalisation on Thursday, after its shares rose 1.6% a fresh high of 569.20 apiece.

Bajaj Auto: Forty eight hours after it re-opened bookings for Chetak, Bajaj Auto stopped accepting fresh orders due to supply chain issues, the company said in a statement on Friday. Bajaj’s maiden electric scooter, on sale since January 2020, hasn’t been able to align production to demand.

National Fertilizers: The government has issued request for proposals (RFP) for engagement of legal advisors, merchant bankers and selling brokers for disinvestment of 20% of its stake in National Fertilizers through the offer for sale route.

Tata Communications: Ace investor Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala sold 2.5 lakh equity shares in Tata Communications in the quarter ended March, bringing her stake down to 1.04% of total paid up equity. She had owned 32,00,687 equity shares, representing 1.12% of total paid up equity, in the company as of December.

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