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Ten Stocks to Focus on 4 March 2016

Ten Stocks to Focus on 4 March 2016

The Indian market is expected to open higher on Thursday tracking Friday trend seen in other Asian markets.

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

JSPL: Naveen Jindal-promoted Jindal Steel & Power Limited (JSPL) is in advanced discussions with Adani Group to sell its power generating subsidiary – Jindal Power (JPL), four people familiar with the development said.

Pioneer Distilleries Limited: A subsidiary of United SpiritsBSE 1.03 %, said it will close down its plant in Nanded, Maharashtra due to water scarcity. Manufacturing activities at its Balapur, Nanded unit producing Molasses Based Extra Neutral Alcohol (MENA) has been stopped from February 1, 2016 on account of shortage in water availability due to less rains during monsoon season in the region, the company informed BSE.

Minda Industries Ltd: Auto component manufacturer Minda IndustriesBSE 5.37 % said it has acquired the global lighting business of Spain-based Rinder Group for Euro 20 million.

Crompton Greaves Ltd: Leading bourse BSE today said it will drop shares of Crompton GreavesBSE 3.36 % (CG) from its different indices, as the proposed demerger plan of the firm’s consumer products business will come into effect.

HDFC Ltd: Mortgage lender HDFC LtdBSE -1.71 % today said it will raise Rs 1,000 crore by issuing non-convertible debentures, to cater to its housing finance business needs.

Quick Heal Technologies Ltd: The company has informed the BSE regarding intimation of capitalizing in wholly owned subsidiary i.e. Quick Heal Technologies America Inc.

Reliance Communications Ltd: TPG and Tillman Global Holdings which are bidding for Indian billionaire Anil Ambani’s wireless tower business has valued the assets worth about Rs 15,000 crore ($2.2 billion), including debt, after conducting due diligence on Reliance Communications’s tower assets, down from the Rs 21,500 crore proposed earlier in the negotiations, said a media report.

Bosch India Ltd: Bosch India seeks shareholders’ nod for Starter Motors sale for Rs 486 cr to Robert Bosch unit.

Coal India Ltd: State-owned Coal IndiaBSE 1.79 % has been forced to temporarily stop production at several mines and suspend shifts in others, as there are no takers for their stock due to surplus positon at all thermal power plants in the country.

Asian Paints Ltd: The Company said that operations at its plant situated at Rohtak, Haryana that was shut down due to agitation at lMT, Rohtak with effect from February 19, 2016 is now restarted.

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