Top stocks that may hog limelight on Friday
Ashoka Buildcon: The company has received a letter of award (LOA) from Gujarat Rail Infrastructure Development Corporation (G-RIDE). The accepted cost of the project is Rs 333.625 crore.
Sical Logistics: The company stated that the fire accident broke out at the warehouse of the company’s subsidiary may not have any material impact on its business.
Wipro: The gross revenue for the quarter ended March 31, 2021, surged 3.4 per cent YoY. Meanwhile, IT services segment revenue increased 3.9 per cent QoQ and 3.8 per cent YoY. Besides, the IT services operating margin for the quarter was at 21 per cent, an expansion of 344 bps YoY. Net income for the quarter jumped 27.8 per cent YoY. Regarding the outlook for the quarter ended June 30, 2021, the company expects revenue from its IT services business to register a sequential growth of 2 per cent to 4 per cent. This does not include revenue from the recently announced acquisitions of Capco & Ampion.
Balaji Amines: India Ratings & Research Private Limited has affirmed Balaji Amines Limited's long-term issuer rating as IND AA- with a stable outlook.
Amarjothi Spinning Mills: The board of directors of the company has accorded its approval for the purchase of the land from Jaichander Wind Farms Private Limited for an overall consideration of Rs 15,62,000.
PFC: Power Finance Corporation (PFC) arm incorporates wholly-owned subsidiary at Nangalbibra. The purpose of the incorporation is the development of transmission scheme associated with ‘establishment of new 220/132 kV substation at Nangalbibra’.
National Fertilizers Ltd: The government issues request for the proposal to engage legal advisors, merchant bankers, and selling brokers to sell a 20 per cent stake in the company.