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Top Nine Stocks to be Focused for 4 July 2016

Top Nine Stocks to be Focused for 4 July 2016

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

SBI: State Bank of IndiaBSE 1.32 % (SBI) has raised Rs 911 crore by selling 5 per cent of its stake in National Stock Exchange (NSE) to Mauritius base foreign investor Veracity Investments Ltd.

GAIL India: GAIL India has agreed to extend financial support to Ratnagiri Gas and Power for building a breakwater, which could allow it to run the LNG terminal throughout the year.

Reliance Industries: Reliance Industries and banking major State Bank of India have signed the shareholder agreement to set up the payments bank joint venture.

MTNL: Mahanagar Telephone Nigam has received an income tax refund for assessment year 2000-01 amounting to Rs 112.95 crore. The amount includes Rs 52.35 crore towards interest on the refund, it said.

Tata Motors: Tata Motors reported 8 per cent growth in sales at 44,276 units in June. The company had sold 40,869 in the same month last year.

TVS Motor Company: TVS Motor Company has reported an 11 per cent growth in sales during the month of June 2016, with total sales increasing from 222,017 units recorded in the month of June 2015 to 247,085 units in June 2016.

Hero MotoCorp: The country’s largest two-wheeler maker Hero MotoCorp reported 1.32 per cent increase in sales at 5,49,533 units in June.

Adani Ports: The Union environment ministry has withdrawn its demand for a Rs 200 crore restoration fund from Adani Ports & SEZ for damage to the environment imposed during the United Progressive Alliance (UPA) government, the biggest penalty for green violations .

IOC: Indian OilBSE 1.78 % Corp-owned Gujarat refinery will supply Bharat Stage (BS)-IV compliant diesel from January 2017, a senior official has said.

Vedanta: With plans to raise alumina production at its Lanjigarh refinery in Odisha’s Kalahandi district by 50 per cent, bauxite starved Vedanta sought quick steps for raw material supply from within the state.

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