RIL share price: Stocks in the news: RIL, Hero MotoCorp, Bharti Airtel, NIIT Tech and Bajaj Holdings

NEW DELHI: Nifty futures on the Singapore Exchange traded 34.20 points, or 0.38 per cent lower at 9,032 in signs that Dalal Street was headed for a negative start on Friday. Here are a few stocks which may create some buzz in Friday’s trade:

Reliance Industries: KKR to invest Rs 11,367 crore in Jio Platforms for a 2.32 per cent stake in the telecom arm.

Quarterly earnings: Trent, Wabco India, Supreme Industries, BASF India, Bayer Cropscience, Godrej Industries, IDFC First Bank, JSW Steel are slated to announce their March quarter earnings on Friday.

Bharti
Airtel: The telecom operator said that it has acquired a 10 per cent stake in Voicezen, an early stage startup focused on conversational AI technologies.

Emami: Competition Commission of India (CCI) said it has approved the proposed acquisition of Emami Cement by Nuvoco Vistas Corporation, which is a Nirma promoter group company.

NIIT Technologies: The company said its Rs 337.4-crore buyback offer will commence from May 29. The company, in a regulatory filing, said Sebi had provided an extension for dispatching the letter of offer within 15 days from the closure of the lockdown as mandated by the government.

IRB Infrastructure: The company said it has raised Rs 200 crore through issuance of non-convertible debentures (NCDs) on a private placement basis. The NCDs were of a face value of Rs 10 lakh each, it said in a filing to the BSE.


Hawkins Cookers:
The company reported a 30.56 per cent decline in net profit at Rs 9.36 crore for the March quarter, hit by the coronavirus lockdown. The company had posted a net profit of Rs 13.48 crore in the January-March period a year ago, Hawkins Cookers said in a BSE filing.

BSE: Stock exchange BSE on Thursday reported a net loss of Rs 1.94 crore for the quarter ended March. In comparison, the bourse had posted a net profit of Rs 51.86 crore in the year-ago period, BSE said in a regulatory filing to NSE.

Hero MotoCorp: The country’s largest two-wheeler maker Hero MotoCorp said state-owned LIC has increased its stake in the company to 7.146 per cent through acquisition of shares from the open market over a period of time.

Oil & Natural Gas Corporation, NTPC: ONGC and NTPC are planning to set up a joint venture company for renewable energy business.

Hindustan Zinc: Vedanta group firm Hindustan Zinc on Thursday reported a 33.4 per cent decline in net profit to Rs 1,339 crore for the quarter ended March 31.

Bajaj Holdings: Bajaj Holdings and Investment (BHIL) on Thursday reported a 54.36 per cent decline in its consolidated net profit to Rs 361 crore for the fourth quarter ended March 31.

Bharti Airtel: Telecom major Bharti Airtel may be back in the black by the end of December, after a year of losses, driven by strong operational metrics such as average revenue per user (ARPU), which could get a further push by expected fresh tariff hikes and addition of 4G customers, said analysts.

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