Bosch India will see buying interest as the stock will enter the MSCI Emerging Index from Friday. The global financial major, however, excluded Hathway Cables from its Smallcap index. The scrip which had been added to the MSCI indices is likely to witness buying from passive foreign funds, as numerous ETFs have been launched and are listed on major stock exchanges around the world. Similarly, the excluded stocks are likely to see selling pressure.

Stake sale to keep Accel in focus

Shares of Accel Frontline will attract attention on Friday, as its promoter Accel plans to dilute 7.84 lakh shares through an offer-for-sale. The company has fixed a floor price of ₹75 a share, against Thursday's close of ₹73.70. Earlier on February 12, one of the promoters, CAC Holdings Corp, Japan, had diluted 8.57 per cent stake through offer for sale. Currently, promoters’ shareholding in Accel Frontline stands at 80.45 per cent. The stake sale will help them to meet SEBI norm.

Hikal stock split to take effect today

Shares of Hikal will be in limelight, as the company has fixed Friday as ex-date for the proposed stock split. The company proposes to subdivide each share of face value ₹10 to five shares of face value ₹2 each. The stock, which closed at ₹725, will start trading in the range of ₹140-150. Those buying the shares from Friday will not receive the stock split shares. The Hikal stock jumped over 55 per cent in the last one year from ₹460 and hit all-time high of ₹835 in January.

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