Friday, 12 May 2017

Fifteen stocks in Focus on Friday- 12 May 2017 (Get more Free Stock Tips)

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Domestic equity markets are likely to open on a flat note on Friday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.

SGX Nifty was trading 2.50 points, or 0.03 per cent, up at 9442 around 8.30 am (IST), indicating a soft start for NSE Nifty index.

Kotak Mahindra Bank 

Private lender Kotak Mahindra Bank is looking to raise about Rs 5,662 crore through sale of 6.20 crore shares through qualified institutional placement (QIP). This share sale is part of stake reduction exercise by its promoter Uday Kotak, the vice-chairman of the bank, as per the RBI advice.


Infosys has delayed salary increases to at least July and even later for senior employees, India's second-largest software services exporter said, even as it played down fears of job cuts and started taking steps to reduce operating costs.

Asian Paints 

The company on Thursday reported 10.13 per cent increase in consolidated net profit to Rs 479.61 crore for the March quarter of last fiscal. Asian Paints had in comparison posted a net profit of Rs 435.47 crore in the January-March quarter of 2015-16.

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