Indian shares are likely to start on a tepid note on Friday. The Singapore-traded SGX Nifty traded at levels around 10,600 against the Nifty November Future's Wednesday close of 10,614.5, indicating a mildly lower on Dalal Street on Friday.
These are the stocks making the biggest moves premarket:
MRF: Tyre major posted a 12.29 percent decline in its profit at Rs 263.04 crore for the quarter ended September 30, 2018, on account of higher expenses. Total income rose to Rs 4,004.85 crore for the quarter under review, up 9.41 percent as compared with Rs 3,660.22 crore in the same period of the previous year, MRF said in a regulatory filing.
Bharti Airtel: The telco's credit rating was placed under review for a possible downgrade by Moody’s Investors Service on high debt levels and weak cash flow generation.
Glenmark Pharma: Company to launch Phase 1 trial in solid tumors for its CD38xCD3 Bispecific Antibody GBR 1342 based on human translational data.
JSW Steel: Crude steel production increases 8 percent to 14.47 lakh tonnes in October 2018 against 13.43 lakh tonnes in same month last year.
Allahabad Bank: Centre is infusing Rs 3,054 crore into it during the current fiscal. The bank reported a net loss of Rs 1,944.37 crore for the first quarter this fiscal against a net profit of Rs 28.84 crore during the same period last fiscal.
Hero MotoCorp: The company to expand its premium range with new motorcycle - ‘XPulse 200T’ and a range of customised bikes at the global platform of EICMA 2018 at Milan. The XPulse 200T is a ‘Tourer’ that offers customers modern technology in retro styling.
Bajaj Finance: The consumer finance firm has issued partly paid unsecured redeemable non convertible debenture (NCD) worth Rs 200 crore.
M&M: The company has acquired 100 percent stake in Mahindra Automotive Mauritius Ltd on November 6.
NMDC: The lease deed for NMDC's Donimalai Mine renewed for 20 years.
July-September quarter results: Titan, Hindustan Aeronautics, Nagarjuna Fertilizers, Eid Parry India, Indian Bank, India Cements, among many others will declare their Q2 results on Friday. Additionally, companies like Nalco, Wockhardt, Avanti Feeds, Ansal Properties, etc will declare their results on Saturday.
First Published: IST