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Ten stocks in focus in Tuesday morning trade

Ten stocks in focus in Tuesday morning trade

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:

GMR Infrastructure:Malaysian utility Tenaga Nasional, backed by sovereign wealth fund Khazanah Nasional, will buy a 30 per cent stake in the energy unit of indebted infrastructure group GMR for $300 million in cash, said a media report.

Maruti Suzuki: The automaker has urged its component suppliers to make investment for the future as the company’s requirements are expected to grow, with it predicting double-digit expansion in annual sales at least until 2020.

Crompton Greaves: Avantha group firm Crompton GreavesBSE 0.34 % said it has signed a share purchase agreement with First Reserve International, a US private equity fund for an enterprise value of 115 million euros (about Rs 851 crore).

Ujjivan Financial Services: Microfinance player Ujjivan Financial Services, which witnessed robust demand for its recently-concluded IPO, will list shares on the bourses on Tuesday. In a separate report RBI said the aggregate ceiling for foreign investors to invest in Ujjivan Financial Services will remain at 49 per cent.

Tata Steel: Tata Steel said it has accepted seven expressions of interest for the sale of its UK business, as the steelmaker urgently looks for a buyer amid continuous losses and poor demand in its UK business.

Alstom India: The company reported about 62 percent drop in its net profit to Rs 27.40 crore for the quarter ended March 31, 2016. The company’s net profit stood at Rs 71.93 crore in the same quarter a year ago, Alstom IndiaBSE -1.62 % said in a BSE filing.

MM Forgings: The industrial forging company has seen its net profit in the fourth quarter come down to 10.97 crore, down from 13.10 crore in the year-ago Q4 and 11.11 crore in Q3.

INKEL Limited: The Kerala’s PPP-model infrastructure development company promoted by the state government, posted 25% increase in net profit in 2015-16 with a net profit of Rs 19.67 crores, up 25 per cent from a year earlier.

Grasim: Aditya Birla Group firm GrasimBSE -0.19 % reported a 40 per cent jump in net profit at Rs 724 crore for the March quarter as compared to Rs 516 crore in the same period last year.

Andhra Bank: Public lender Andhra BankBSE -0.68 % said its net profit for the quarter ended March crashed nearly 72 per cent to Rs 52 crore due to higher provisioning for NPAs.

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