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Ten Stocks To be Focus on 2 March 2016

Ten Stocks To be Focus on 2 March 2016

The Indian market is likely to open higher on Wednesday tracking positive trend seen in other Asian markets.

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

Tata Motors Ltd: Tata Motors increased prices of its passenger vehicles by up to Rs 35,000 with immediate effect to offset the impact of infrastructure cess proposed

Wipro Ltd: Country’s third largest information technology (IT) services firm WiproBSE -0.64 % on Tuesday said it has completed its USD 460-million acquisition of HealthPlan Services earlier than expected.

Cipla Ltd: Shares of CiplaBSE 1.32 % will be in focus after the drug maker said that it has transferred its consumer healthcare business to its arm Cipla Health Ltd. “The company’s consumer healthcare business has been transferred to Cipla Health Ltd, a subsidiary of the company, with effect from the close of business hours on February 29, 2016,” Cipla said in a filing to BSE.

IRB Infrastructure Developers Ltd: The company which recently won the bid to build South Asia’s longest tunnel road in Jammu and Kashmir, said on Tuesday the government has cancelled the award without mentioning any reason, said a media report.

Hero MotoCorp Ltd: India’s largest two-wheeler manufacturer, posted a healthy 13 percent growth in February. The company sold 5,50,992 units of two-wheeler in February 2016, as compared to 484,769 units in the corresponding month last year.

TVS Motor Company Ltd: The two-wheeler maker reported a 7.28 per cent increase in total sales at 2,19,467 units in February.

BHEL: The Tamil Nadu Government has handed over the Letter of Award (LOA) for setting up of the Main Plant Package for the 2X800 mega watt (Mw) Uppur Supercritical Thermal Power Project. The order is valued at around Rs 5,600 crore, said a media report.

Siemens India Ltd: Siemens Ltd has informed BSE that a meeting of the Board of Directors will consider a sale of the Company’s Healthcare undertaking to a subsidiary of Siemens AG.

Kotak Mahindra Bank Ltd: Japanese multinational Sumitomo Mitsui Banking Corp (SMBC) offloaded stake worth Rs 2,068.81 crore in Kotak Mahindra BankBSE 1.72 % through open market transactions

SBI, ICICI Bank: Indian banks will receive about Rs 4,000 crore from the sale of Jaiprakash Associates’ cement units to UltraTech CementBSE 1.97 %. Lenders such as SBI, IDBI BankBSE 8.15 % and ICICI BankBSE 7.44 % played an active role in the sale of the cement plants.

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