Stocks To Watch: Airtel, Nestle India, Mazagon Dock, IndiGo, Exide, Hyundai

Bharti Airtel Ltd., Nestle India Ltd., Mazagon Dock Shipbuilders Ltd., InterGlobe Aviation Ltd., Exide Industries Ltd. and Hyundai Motors India Ltd. will be the stocks to watch before going into trade on Friday.

Internatioanl Gemmological Institution Ltd. will also be in focus as it lists on Friday.

• Bharti Airtel: The telecom major has paid off Rs 3,626 crore to the Department of Telecom to clear its entire liability for spectrum acquired in 2016.

• Nestle India: A spokesperson of the company said the suspension of the most-favoured-nation status granted to India by Switzerland will have "no impact" on the company.

• Mazagon Dock Shipbuilders: The company commenced production activity for the first of the 14 fast patrol vessels for the Indian Coast Guard, with the project valued at Rs 1,070 crore.

• InterGlobe Aviation: The board of the company approved a grant of unsecured loan of $43 million to subsidiary InterGlobe Aviation Financial Services IFSC Pvt.

• Exide And Hyundai Motors India: The company has signed a binding term sheet with Exide Energy Solutions to produce and supply battery cells for its electric vehicles.

• Hindustan Construction Co: HCC successfully raised Rs 600 crore as it concluded its qualified institutional placement on Thursday, which saw a robust response.

• Dhanlaxmi Bank: The board approved the terms of rights issue of shares worth Rs 297.5 crore at Rs 21 per share.

• BASF India: The company has approved demerger of its agricultural solutions business into a separate listed legal entity.

• Kellton Tech Solutions: The board of directors have approved raising up to Rs 100 crore through equity shares or other securities via methods like private placement, QIP, or preferential issue.

• GE Vernova T&D India: The company received an order worth over Rs 400 crore from Sterlite Grid 32 Ltd. for supply and supervision of high-voltage equipment for a tariff-based competitive-bidding project.

• International Gemmological Institute: The company's shares will debut on the stock exchange on Friday. The Rs 4,225-crore IPO has been subscribed 33.78 times on the final day, with issue price at Rs 417. The bids were led by qualified institutional investors (45.8 times), non-institutional investors (24.84 times), portion reserved for employees (20.63 times) and retail investors (11.21 times).

Doms Industries: The company's Italian promoter entity FILA Group, through the affiliate FILA Fabbrica Italiana Lapis Ed Affini SPA, pared stake for Rs 798.5 via open market deals. The firm offloaded 27.7 lakh shares representing 4.56% stake at an average price of Rs 2,879.29 apiece. Axis Asset Management Co A/C Axis Small Cap Fund and Axis Mutual Fund bought 4.08 lakh shares (0.67%) and 3.26 lakh shares (0.53%) at Rs 2879 apiece.

Linc: Stock to trade ex-dividend on Friday for its Rs 10 to Rs 5 stock split and for its bonus issue of 1:1 share.