Indian markets extended their gains on Friday, with analysts forecasting a steady recovery towards the 24,300-24,700 range. Several major companies, including LIC, Maruti Suzuki, Sun Pharma, TCS, and HUL, are under scrutiny due to notable news such as potential bonus issues, electric vehicle expansion plans, and acquisition proposals.
The markets continued their upward trend on Friday, buoyed by favorable cues, gaining over 1%. Analysts indicate that the Nifty is experiencing a steady recovery, with indications favoring a gradual ascent towards the 24,300-24,700 zone. Additionally, a decrease in the volatility index, India VIX, which currently stands at 19, is contributing to market stability.
In today’s trading session, shares of LIC, Maruti Suzuki, Sun Pharma, TCS, and HUL will be highlighted due to various news developments.
LIC
Shares of LIC are expected to be in the spotlight today as the insurance giant is set to announce its first-ever bonus issue of shares following its board meeting tomorrow. The state-run company had revealed last week that its board of directors would convene to consider and recommend this historic bonus issue.
Maruti Suzuki
Market leader Maruti Suzuki India plans to launch four additional electric vehicles by 2031, according to a senior executive. The company recently celebrated a milestone in its electric vehicle journey by delivering 108 units of its e-VITARA to customers in a single day during a handover ceremony.
HUL
Unilever’s global CEO, Fernando Fernandez, stated that the primary focus for India chief Priya Nair is to ensure the company’s portfolio is future-ready as the consumer goods manufacturer aims to regain market share lost to competitors, including online brands, in recent years.
Sun Pharma
Sun Pharmaceutical Industries has decided to move forward with a binding offer of $12 billion for Organon & Co, advancing to the final stages of its most ambitious overseas acquisition attempt as it seeks to establish itself as a branded and innovative drug-making leader, according to ET.
Vedanta
Vedanta Aluminium signed MoUs with two companies on Friday to establish manufacturing facilities in the upcoming Vedanta Aluminium Park located in Jharsuguda, Odisha. The agreements were made with Singhal Steel & Power and SCOT-AL Metcon.
TCS
TCS has extended 25,000 job offers to fresh graduates for the current fiscal year, noting that future hiring will depend on market demand, according to a senior official. The largest IT services firm had hired 44,000 freshers in FY26, one of the highest figures for any private sector employer in the country, despite facing challenges.
M&M
Mahindra Overseas Investment Company, a wholly owned subsidiary, along with its subsidiary Erkunt Traktor, has entered into a stock purchase agreement with Hisarlar Makina Sanayi ve Ticaret’s Oguzhan Sahinkaya and Bunyamin Sarioglu, agreeing to sell their entire stake in Erkunt Sanayi Anonim Şirketi to the buyers.
