(RTTNews) - Friday, the following stocks are in the spotlight in the Indian market due to stock or sector-specific news or reports. Stock prices are taken from the BSE, unless stated otherwise.
Currently, the benchmark Sensex is trading at 17,053, up 81 points or 0.48% and the Nifty is at 5,107, up 0.52%.
Pidilite Industries (Rs.213.30, up 4.46%) - The company has fixed March 17 a the record date for a liberal 1:1 bonus issue.
Raymond (Rs.223.80, up 1.73%) - As part of a business restructuring, the apparel giant is pulling out its Notting Hill brand from tier-I and tier-II cities, the Economic times quoted the company's COO Deepak Khetrapal as saying.
Tata Teleservices Maharashtra (Rs.24.70, up 2.49%) - The telecom company has launched its new product, Dialog, which enables customers to connect to the internet on TV sets. Initially, the product will undergo a test run in Kolkata and Chennai. Separately, the company is readying a war chest of Rs.8,500 crore to bid in the forthcoming auction of spectrum for 3G services, the Economic Times reported.
Bharti Airtel (Rs.302.60, up 3.24%) - State-run lender SBI has offered to provide a Rs.15,000 crore loan to Bharti to fund the latter's acquisition of Zain assets, NDTV profit said.
Gujarat Gas (Rs.254.30, up 1.88%) - The company's fourth-quarter consolidated net profit grew 42% year-over-year.
Hindustan Dorr-Oliver (Rs.213.10, up 2.97%) - The company has fixed March 17 as the record date for a 1:1 bonus issue.
Zicom Electronic Security Systems (Rs.124.25, up 10.64%) - The company has convened a board meeting on March 5 to consider strategic changes in operations of the company.
Essar Oil (Rs.137.85, up 1.81%) - The private refiner plans to invest about Rs.4,000 crore in the next three years for developing its three coal bed methane (CBM) blocks in Jharkhand, Gujarat and West Bengal, the Business Standard said.
NMDC (Rs.423.50, down 2.68%) - The follow-on public issue of the state-run miner may be set at a significant discount to the current market price.
Patni Computer Systems (Rs.487.95, down 0.11%) - The mid-tier IT company is scouting for a partner to enter the Japanese market, NDTV said on its website.
Sun Pharma Industries (Rs.1,577, down 0.28%) - U.K. drug maker AstraZeneca Plc sued Sun Pharma to prevent it from selling a generic form of the ulcer drug Nexium IV, in the U.S market.
