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Eight Stocks to be Focus on 1 March 2016

Eight Stocks to be Focus on 1 March 2016

Here is a list of top Eight stocks that are likely to be in focus today:

Axis Bank Ltd: India’s third largest private lender – Axis BankBSE 3.05 % has bought 4.99% stake in Max Life Insurance for Rs 95.75 crore. The bank now owns 5.99% stake in Max life Insurance.

Kotak Mahindra Bank: More than Rs 2000 crore worth of Kotak Mahindra BankBSE 0.32 % shares are set to change hands later tonight as a large institutional investor plans to offload its stake in the lender, three people familiar with the deal said.

IOCBSE 2.19 %, BPCL, HPCL: State-run Indian Oil CorporationBSE 2.19 % slashed petrol prices by Rs.3.02 a litre, but raised diesel by Rs.1.47, both in Delhi, with corresponding changes in other states.

Piramal Enterprises Ltd: Piramal Enterprises Ltd has informed BSE that the Committee approved the issue of secured non-convertible debentures (NCDs) aggregating up to Rs. 1,000 crores on a private placement basis to be issued in one or more tranches from time to time.

Lupin Ltd: Drug major LupinBSE 0.88 % said its wholly-owned Japanese subsidiary, Kyowa, plans to set up a manufacturing plant at Tottori, Japan as part of expansion plans in the country.

Syndicate Bank: Syndicate BankBSE 2.25 % has informed BSE that the Board of Directors of the Company has considered and approved the issue of 4,13,12,457 equity shares of the face value of Rs 10 each for cash at Rs 52.51 aggregating to Rs 216.94 Crore on a preferential basis to LIC of India.

BEML: BEML Ltd has informed BSE that it has bagged the prestigious order valued at Rs 900 crore for the supply of Metro Coaches to Kolkata East-West Metro Line.

Sadbhav Infrastructure Project Ltd: The company has informed BSE regarding receipt of Rs. 72 Crore from Sadbhav EngineeringBSE 2.95 % Limited against stake of 20% held in Mumbai Nasik Expressway Limited (MNEL).

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