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Top Ten Stocks to be Focused for 18 May 2016

Top Ten Stocks to be Focused for 18 May 2016

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

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

JSW Energy Ltd: The flagship power generating company of Sajjan Jindal, is set to acquire a 1,000 MW Jindal Power plant for about Rs 6,000 crore, two persons familiar with the matter told ET.

Oil India Ltd: Life Insurance Corp of India (LIC) has raised its stake in state-owned explorer Oil India LtdBSE 1.11 % by 2 per cent through open market acquisition.

Suzlon Energy Ltd: Suzlon emerged the big winner in the latest NTPCBSE 0.39 % reverse eauction for solar projects in Rajasthan, winning 60MW of the 100MW on offer by agreeing to sell power at Rs 5.07 per kwH.

Hindustan Unilever Ltd: HUL has agreed to sell its rice exports business to LT FoodsBSE 7.43 % for Rs 25 crore as part of its strategy to exit non-core businesses.

MphasiS: Blackstone Group LP is nearing a deal to acquire Hewlett Packard Enterprise’s controlling stake worth about $940 million in Indian IT outsourcing services provider MphasiS LtdBSE 1.40 %, said a media report.

DLF Ltd: India’s largest realty firm DLF today its shopping mall at Saket in the national capital to its wholly-owned subsidiary for Rs 904.5 crore as part of its strategy to consolidate and monetise the rental assets.

Dhanuka Agritech Ltd: In a post-market disclosure, the company said that the Joint Director of Agriculture (Plant & Protection), Rajasthan, has granted a licence to manufacture insecticides, at its Jaipur unit.

Novartis India Ltd: The pharma major launched the drug in the strength of 150 mg, for the treatment of moderate-to-severe plaque psoriasis in adult patients, NovartisBSE 1.59 % Healthcare said in a statement.

Crompton Greaves Ltd: Avantha Group Company CG has won a significant order of USD 35 mn (Rs. 236 crore approx.) from PT PLN (Persero), the state-owned electricity company of Indonesia, to manufacture and install 28 power transformers ranging from 83.3 MVA to 167 MVA and rated voltage 500 kV/150 kV, said a media report.

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