Stocks To Watch on Friday
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Infrastructure contracts, flex-fuel mobility push and premium aluminium expansion have placed these three stocks firmly in focus for the next trading session.
✨ Key Takeaways
Indian equity benchmarks ended marginally higher on Thursday, June 4, as investors navigated heightened geopolitical tensions in the Middle East and mixed signals around a potential ceasefire. Market sentiment remained cautious ahead of the Reserve Bank of India’s monetary policy decision.
Adding to uncertainty were reports surrounding the Taxation framework for foreign institutional investor (FII) holdings in government securities, which kept investors on edge through the session.
Against this backdrop, select stocks are expected to remain in focus on Friday following key corporate developments.
Innovision Ltd share price is likely to remain in focus after the company received a Letter of Award for engagement as a user fee agency under a competitive bidding process.
The contract pertains to the Mundiyar Fee Plaza located at km 1217.725 on the Baran–Shivpuri section of New NH-27 in Madhya Pradesh, covering the stretch from km 1184.322 to 1251.814. The mandate also includes upkeep and maintenance of adjacent toilet blocks along with replenishment of consumable items.
The total contract value stands at Rs 26,35,29,635, strengthening the company’s presence in highway fee collection and maintenance operations.
Maruti Suzuki India Ltd share price may attract attention after the company launched India’s first flex-fuel car in the presence of Union Ministers Shri Nitin Gadkari and Shri Hardeep Singh Puri.
The flex-fuel vehicle enables customers to operate the engine on ethanol blends ranging from E20 to E100, offering greater fuel flexibility and supporting India’s push towards alternative energy sources in mobility.
The technology has been introduced in the Wagon R model, a key product in the company’s portfolio that has previously been deployed across CNG and LPG fuel variants as part of its alternative fuel strategy.
Hindalco Industries Ltd share price is expected to remain in focus after the company expanded its presence in the premium building solutions segment through its brand Eternia.
On June 4, the company launched a flagship Eternia experience centre in New Delhi, aimed at strengthening its position in high-performance aluminium windows and doors.
Hindalco stated that its engineered aluminium windows and doors business under Eternia is targeting revenue of more than Rs 1,000 crore by fiscal 2029. The initiative reflects the company’s broader strategy to scale value-added and consumer-facing industrial products in the domestic market.
Disclaimer: The article is for informational purposes only and not investment advice.