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Ten Stocks to Focus on 21 March 2016

Ten Stocks to Focus on 21 March 2016

The Indian market is expected to open flat on Monday tracking muted trend seen in other Asian markets.

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

Aurobindo Pharma Ltd: The pharma major has received a final nod from the US health regulator to manufacture and market its generic Naproxen Sodium tablets used for the treatment of osteoporosis in postmenopausal women.

United Spirits Ltd: Financial services firm ECL Finance has invoked 72,250 shares worth Rs 18.25 crore of Diageo-led United SpiritsBSE 0.72 % pledged by United Breweries (Holding) Ltd (UBHL).

Page Industries Ltd: US-based Smallcap World Fund today acquired stake worth Rs 188.49 crore in Page IndustriesBSE 1.84 %, the licensee of Jockey International innerwear brand, through an open market transaction.

Fortis Healthcare Ltd: One of Fortis Healthcare Ltd’s stepdown subsidiary Company viz Fortis Cancer Care Limited has informed the Company that it has increased its shareholding in Lalitha Healthcare Private Limited (Lalitha) by 98972 equity shares of Rs. 10 each.

REC: Rural Electrification Corp said its board has given its approval to increase its stake to 31.7 per cent by investing Rs 99 crore more in Energy Efficiency Service Ltd (EESL).

GVK power, Lanco InfratechBSE 1.77 % Ltd: Ratnagiri Power, GMR Energy, GVK PowerBSE 0.15 %, Lanco Infratech and Sravanthi Energy are among companies that emerged successful with aggressive bids in the third round of imported natural gas auction that will revive nine stranded power plants.

IDBI Bank: The government is trying to get at least two large institutional investors to buy a stake in state-run IDBI BankBSE 4.69 %, a move aimed at transforming the lender along the lines of private sector rival Axis BankBSE 1.33 %.

Torrent Pharma Ltd: Drug firm Torrent Pharmaceuticals on Sunday said it plans to raise funds through various instruments including qualified institutional placements (QIP).

Cummins India Ltd: Diesel engine maker Cummins Inc plans to invest Rs 1,000 crore in the expansion of its research and development centre in India, touted as the company’s biggest outside of the US. The indiana-based company has 1,500 engineers at its technical centre in Pune, to which it aims to add 500 more over the next year.

Reliance Power Ltd: Reliance PowerBSE 0.21 % plans to raise up to Rs 1,000 crore through issue of non-convertible debentures, the company informed the bourses Friday.

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