Here is a list of top 10 stocks that may be in focus on Friday:
Hero MotoCorp: The two-wheeler making company on Thursday said it has commenced commercial production at its new greenfield manufacturing facility located in Chittoor, Andhra Pradesh. This facility is the company’s eighth manufacturing plant and sixth in India.
Bata India: The shoemaker on Thursday said Ravindra Dhariwal has been re-appointed as an independent director of the company for three years. Dhariwal will take charge on 27 May through a special resolution, the company informed the stock exchanges.
ICICI Lombard: The private sector insurance company on Thursday said it has launched a focused insurance plan that would cover expenses occurring due to the treatment of coronavirus. The policy–COVID-19 Protection Cover–has been rolled out in the group insurance mode. If tested positive for coronavirus, the policy will pay 100% of the sum insured irrespective of hospitalisation expenses.
Indiabulls Housing: The housing finance company on Thursday said it has no loans outstanding from Yes Bank. In a regulatory filing, the company also said its chairperson Sameer Gehlaut is currently in the UK and is “happy” to cooperate with Indian authorities in investigation against Yes Bank founder and former chief executive (CEO) Rana Kapoor.
NTPC: The state-owned power company on Thursday said its board has approved an interim dividend of ₹5 per equity share, on the face value of ₹10 each, for the financial year ending 31 March. The dividend will be distributed to the shareholders of the firm on or before 31 March.
WABCO India: The commercial vehicle technology company on Thursday said its non-executive non-independent director Sean Deason has resigned from the company’s board with effect from 19 March, 2020. Deason cited personal reasons for his resignation.
RITES: The state-owned engineering consultancy on Thursday said its board has decided to close its joint venture (JV) with BNV Gujarat Rail Pvt Ltd. The closure of the JV is subject to further approvals, if any.
Creditaccess Grameen: The micro-finance company on Thursday said it has completed the acquisition of 75.64% stake in Madura Micro Finance Limited (MMFL). In November, the board of the company had approved acquiring 76.34% of the share capital of MMFL.
Lakshmi Vilas Bank: The private lender on Thursday informed the stock exchanges that Sanjay Kumar Khemani has resigned as an independent director of the bank with effect from 19 March.
Canara Bank: The public-sector bank on Thursday said the government has appointed Krishnan S, executive director at Syndicate Bank as the executive director of Canara Bank with effect from 1 April to 31 October.