The last trading day’s development or stock movements in the companies are counted as a positive movement in the next trading session. Seeing in perspective, the following stocks are identified to bring out some positive action in the markets today, based on prospects by the respective entities. Accordingly, four stocks are forecast to be in focus or in the limelight.
Oil & Natural Gas Corporation Limited (ONGC) has approved the buyback proposal of 2,52,955,974 equity shares, or 1.97 percent of its total shares on Thursday. The stock is expected to be in focus in Friday’s trading session.
Indian Energy Exchange Limited (IEX) has approved the proposal for the buyback of around 37,29,729 fully paid-up equity shares of Rupee, One each at a maximum price of Rs.18500 share apiece The stock is expected to react in Friday’s trading session.
Next Mediaworks Limited filed the Scheme merger among HT Media Limited, the publisher of Mint and Hindustan Times newspapers and Next Radio and HT Music and Entertainment Company. Shares in Next Mediaworks Ltd have advanced 4.83 percent on the NSE on Thursday. The stock will be in focus on Friday.