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Ten Stocks to be Focus on 9 March 2016

Ten Stocks to be Focus on 9 March 2016

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

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

Container Corporations of India Ltd: Government will tomorrow sell 5 per cent stake in Container Corporations of India (Concor) at a minimum price of Rs 1,195 a piece, to garner Rs 1,165 crore.

Idea Cellular Ltd: The telecom operator is believed to have offered Rs 4,000 crore to buy out Providence’s 16% stake in its subsidiary Aditya Birla Telecom, offering more than 40% premium to the US private equity firm’s investment made in 2009, people familiar with the matter said.

JSPL: A group of foreign lenders of Jindal’s flagship Jindal Steel and PowerBSE -4.98 % (JSPL) are exploring the pros and cons of taking the extreme step of recalling loans adding up to $550 million from the company with the leveraged group failing to comply with loan covenants ahead of the repayment schedule that starts next month.

TCS Ltd: Tata Consultancy Services and Boy Scouts of America (BSA), a values-based youth development organisation, have forged a new partnership to engage youth in hands-on computer science digital technology and career awareness workshops through TCS’ goIT program.

Elecon Engineering Company Limited: The Elecon Engineering CompanyBSE -2.02 % on Tuesday announced that it has bagged a Rs 225 cr order from Garden Reach Shipbuilders and Engineers Limited for the supply of Marine Gearboxes.

Muthoot Finance Ltd: The company which provides loans against gold, has sought market regulator Sebi’s approval to raise up to Rs 500 crore through issuance of non-convertible debentures.

Maruti Suzuki India Ltd: Maruti Suzuki launched the much awaited Vitara Brezza sub-compact SUV in India at introductory prices starting from 6.99 lakh to 9.68 Lakh (ex, showroom Delhi).

Ashoka Buildcon Limited: Ashok Buildcon informed the Exchange that the Company, along with Bhartia Infra Projects Limited, had bid for the Project viz. 2 laning with paved shoulder via the consortium.

Monsanto Ltd: On Wednesday, the Union agriculture ministry will notify the rate along with a pan-India ceiling price of Bt cotton seeds of R800, down from R830-1,100, said a media report.

Jain Irrigation Systems Ltd: The company plans to raise nearly Rs 290 crore through issue of debentures to Mauritius-based Mandala Rose Co-Investment Ltd.

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