NEW DELHI: Here is a list of 10 stocks that could be in the spotlight on Friday:
Trust Industries: Listed its existing foreign currency bonds of over $7 billion on India INX, becoming the largest such listing by a private entity in India INX and GIFT IFSC. The list includes the $4 billion jumbo bond raised in January 2022, which has been dubbed the largest foreign currency bond issue ever in Southeast Asia.
Future Retail: Approached the lenders with a plea to allow him to pay about $14 million in interest on the foreign currency denominated bonds. He already missed the refund due last month and the 30-year grace period ends early next week.
Telecom stocks: The number of Indian mobile users fell by 1.28 crore month-on-month in December, according to data from Trai. Reliance Jio lost around 1.29 crore wireless subscribers, bringing its total down to 41.57 crore while Vodafone Idea lost 16.14 lakh mobile subscribers, with its base at 26.55 crore in December. Airtel added 4.75 lakh customers, pushing the subscriber base to 35.57 crore.
Oil from India: Raised ₹1,500 crores of debt through a bond issue at a lower coupon rate than government bonds. The state-owned company had priced its five-year rupee bonds at a coupon rate of 6.14% tighter than a similar maturing government bond which trades at an annualized yield of 6, 29%.
CGSB: In the seventh round of the Open Acreage Licensing Policy (OALP), state-owned Oil and Natural Gas Corp. bid for five of the eight blocks or areas proposed for oil and gas exploration and production, while Oil India Ltd was the sole bidder for the two blocks it bid on. GAIL was the sole bidder for the single block offered by Rajasthan.
Nestle India: Doing its best to mitigate the effects of high inflation, both for food and other commodities, and may consider price action if inflation remains unrelenting, said Suresh Narayanan, chairman and Managing Director of Nestlé India. The company reported a 20% drop in net profit for the December quarter to ₹387 crores, while operating income increased by 8.93% to reach ₹3,739.32 crore.
Lupine Ltd: Received approval from the United States Food and Drug Administration (US FDA) for its supplemental new drug application (sNDA) for the use of its antibiotic Solosec in adolescents for the treatment of bacterial vaginal infections in women and sexually transmitted infections, trichomoniasis.
Power of torrents: Crisil has upgraded the long-term credit rating of the non-convertible debentures and long-term bank facilities from “AA/Positive” to “AA+/Stable” on the basis of continued solid profitability and continued improvement debt levels. It reaffirmed its rating on the company’s short-term bank facilities and commercial paper program to ‘A1+’.
Bajaj Auto: plans to double the network of its Chetak electric scooter in the coming weeks to meet growing demand. Bajaj Auto, which brought its iconic scooter brand back to electric in October 2019, said it added 12 new cities to the network in the first six weeks of 2022. It had previously opened bookings for its e-scooter in eight cities of 2021.
Ambuja cements: The company, which is part of the Swiss group Holcim, will invest ₹3,500 crore to expand its cement grinding capacity. Ambuja Cements reported a 55.5% year-on-year decline in consolidated net profit at ₹430.97 crores for the December quarter. Operating revenue increased by 2.31% to ₹7,625.28 crore.
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