Stocks in the news: Cipla, Mphasis, Ashok Leyland
Here are a few stocks which may create some buzz in Friday’s trade.
Mumbai: India’s benchmark equity indices may start lower on Friday, going by a weak start for US equities on Thursday.
US stocks witnessed a steep selloff on Thursday, after the latest jobless data underscored the coronavirus’ devastating toll on the US economy.
Here are a few stocks which may create some buzz in Friday’s trade:
Cipla, Crompton Greaves Consumer and L&T Finance Holdings, Mahindra & Mahindra Financial Services, Nippon Life Asset Management, Tata Chemicals, L&T Technology Services, IIFL Securities: These companies are scheduled to announce their March quarter earnings on Friday.
Mphasis: Midsize IT firm Mphasis expects to grow faster than the industry average in fiscal year 2021, as clients in banking and financial services spend more on technology to shift operations away from offices to the Cloud, following the Covid-19 pandemic.
Ashok Leyland: Hinduja Group's flagship firm Ashok Leyland on Thursday said a board panel has approved raising up to Rs 500 crore through issuance of non-convertible debentures (NCDs) on private placement basis.
Aurobindo Pharma: Aurobindo Pharma, its promoter PV Ramprasad Reddy, his wife P Suneela Rani, and three other entities have settled an alleged insider trading case with markets regulator the Securities and Exchange Board of India (Sebi) after paying over Rs 22 crore towards settlement charges.
Escorts: Farm equipment and engineering products maker Escorts on Thursday reported a 9.71 per cent increase in consolidated net profit at Rs 127.73 crore for the fourth quarter ended March 31.
Godrej Consumer Products: FMCG major Godrej Consumer Products Ltd (GCPL) is betting big on its hygiene products range amid the Covid-19 crisis and plans to build the category as its "new core" in the next two to three years.
US stocks witnessed a steep selloff on Thursday, after the latest jobless data underscored the coronavirus’ devastating toll on the US economy.
Here are a few stocks which may create some buzz in Friday’s trade:
Cipla, Crompton Greaves Consumer and L&T Finance Holdings, Mahindra & Mahindra Financial Services, Nippon Life Asset Management, Tata Chemicals, L&T Technology Services, IIFL Securities: These companies are scheduled to announce their March quarter earnings on Friday.
Mphasis: Midsize IT firm Mphasis expects to grow faster than the industry average in fiscal year 2021, as clients in banking and financial services spend more on technology to shift operations away from offices to the Cloud, following the Covid-19 pandemic.
Ashok Leyland: Hinduja Group's flagship firm Ashok Leyland on Thursday said a board panel has approved raising up to Rs 500 crore through issuance of non-convertible debentures (NCDs) on private placement basis.
Aurobindo Pharma: Aurobindo Pharma, its promoter PV Ramprasad Reddy, his wife P Suneela Rani, and three other entities have settled an alleged insider trading case with markets regulator the Securities and Exchange Board of India (Sebi) after paying over Rs 22 crore towards settlement charges.
Escorts: Farm equipment and engineering products maker Escorts on Thursday reported a 9.71 per cent increase in consolidated net profit at Rs 127.73 crore for the fourth quarter ended March 31.
Godrej Consumer Products: FMCG major Godrej Consumer Products Ltd (GCPL) is betting big on its hygiene products range amid the Covid-19 crisis and plans to build the category as its "new core" in the next two to three years.