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Ten Stocks to be Focus on 8 March 2016

Ten Stocks to be Focus on 8 March 2016

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

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

United Spirits Ltd: In a major setback for liquor baron Vijay Mallya, the Debt Recovery Tribunal (DRT) barred him from accessing USD 75 million (Rs 515 crore) exit payment from Diageo till the loan default case with State Bank of IndiaBSE -1.27 % is settled.

Yes Bank Ltd: Yes Bank’s proposal to hike FDI limit was cleared by the Board, the source said. In November 2015, the government had removed sub-limit restrictions for foreign investments in private sector banks within the overall sectoral limit of 74 per cent.

Allahabad Bank: Public sector Allahabad BankBSE 1.08 % will raise Rs 58 crore by issuing over one crore shares to LIC on preferential basis.

GVK Power and Infrastructure Ltd: The promoters G V Sanjay Reddy and Krishnaram Bhupal have transferred a total of 1.63 per cent stake in the firm to another promoter group entity Vertex Projects LLP.

Indiabulls Real Estate Ltd: IBREL will raise Rs 300 crore through private placement of non-convertible debentures. The proposed issue of Rs 300 crore, at a coupon rate of 11 per cent, would open and close on March 10, Mumbai-based developer said in a iling to BSE.

Sobha Ltd: Realty firm Sobha has raised Rs 25 crore through private placement of non-convertible debentures to replace costlier debt.

Indian Overseas Bank: State owned Indian Overseas BankBSE 0.74 % (IOB) said it will raise Rs 200 crore by issuing over eight crore shares on preferential basis to LIC to meet the Basel III capital requirement.

Asian Paints Ltd: The company informed the BSE that they have issued a notice to Sharepro Services (India) Pvt. Ltd for termination of the Agreement entered into with Sharepro Services, with effect from 1st April, 2016.

Tech Mahindra Ltd: Tech Mahindra LtdBSE -0.45 % informed BSE that the High Court of Bombay has on March 04, 2016 orally pronounced an Order, approving the Scheme of Amalgamation of Tech MahindraBSE -0.45 % BPO Limited .

Ajanta Pharma Ltd: The pharma major received final approval for its generic version of acute migraine pain relief drug almotriptan malate tablets from the US health regulator.

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