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Top Stocks to be Focused for 16 Jan 2017

Top Stocks to be Focused for 16 Jan 2017

DCB Bank: DCB Bank reported a 25 per cent rise in December quarter net profit at Rs 51 crore, driven primarily by a surge in the core interest income. The city-based lender had reported a post tax profit of Rs 41 crore in the year-ago period.
Network18 Media: The company reported a consolidated net loss of Rs 79.79 crore for the third quarter ended December 31. It had registered a net profit of Rs 50.36 crore in the year-ago period, it said in BSE filing.

Multi Commodity Exchange (MCX): Leading commodity exchange MCX reported 94 per cent increase in net profit at Rs 33.93 crore for the quarter ended December. Its net profit stood at Rs 17.51 crore in the year-ago period.

Coal India: State-owned Coal IndiaBSE 0.48 % arm Central Coalfields Ltd announced an increase in price of coking coal, which may help the PSU earn an additional revenue of nearly Rs 89.98 crore for the remainder of 2016-17 and Rs 222 crore for the next fiscal.

NTPC: Chhattisgarh Environment Department warned the National Thermal Power Corporation Ltd (NTPC) that operations of its power plant in Sipat would be stopped, if it does not use the fly  ash generated there as per the rules.

IOC,BSE 1.78 %, BPCLBSE 0.38 %, HPCL: Oil marketing companies Indian Oil CorporationBSE 1.78 % (IOC), Bharat Petroleum CorporationBSE 0.38 % (BPCL) and Hindustan Petroleum Corporation LtdBSE 0.80 % (HPCL) will remain in focus on Monday after they hike petrol prices by 42 paise a litre on Sunday, the fourth increase in 6 weeks, and diesel rate by Rs 1.03 a litre, the second hike in a fortnight.

Axis Bank: Country’s third biggest private sector lender Axis BankBSE 0.27 % on Friday cut its interest offering by up to 0.70 per cent, following similar moves by all the major players in the system due to high liquidity post demonetisation.

Earnings Today: Reliance IndustriesBSE -0.51 %, LIC Housing FinanceBSE 0.76 %, Geometric LtdBSE -1.16 % and Dewan Housing Finance CorporationBSE 0.68 % will announce their financial results on Monday.

Tata Steel: Sukinda Chromite Mine (SCM) of Tata Steel located in Odisha’s Jajpur district has bagged 5 awards including Par Excellence award as the best mine amongst participants of the state from Indian Bureau of Mines (IBM).

Maruti Suzuki: Automobile major Maruti Suzuki IndiaBSE -0.37 % on Friday launched its premium urban compact vehicle Ignis. According to the company, the petrol variant of the vehicle has been introduced at an ex-showroom price (New Delhi) of Rs 4.59 lakh and the diesel variant from Rs 6.39 lakh onwards.

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