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Top Stocks to be Focused for 17 Feb 2017

Top Stocks to be Focused for 17 Feb 2017

Bharti Airtel: Telecom operator Bharti AirtelBSE 0.87 % on Thursday said that it has completed acquisition of Augere Wireless — a company which holds one slot of 2,300 Mhz band spectrum in Madhya Pradesh circle.

LuxBSE -0.22 % Industries: Hosiery major Lux Group has been strongly contemplating merger of two unlisted entities with its publicly listed outfit Lux Industries Limited.

HDFC Bank: Foreign investors can now buy more shares in HDFC Bank as the Reserve Bank has removed restrictions imposed on it with immediate effect. The aggregate foreign shareholding through ADR/GDR/FIIs/FPIs/FDI/NRIs/PIOs in HDFC Bank have gone below the prescribed limit stipulated under the extant FDI Policy, RBI said in a notification.

Bhel, Idea CellularBSE -2.92 %, Indiabulls Housing Finance, IOC: State-run Bharat Heavy Electricals LtdBSE -1.17 % (Bhel) and telecom major Idea Cellular will move out of National Stock Exchange’s Nifty 50 index from March 31. Indiabulls Housing Finance and Indian Oil CorporationBSE 1.65 % will be included in the index in their place.

Biocon: The Bengaluru-based Biocon and its partner Mylan Inc on Thursday said the US drug regulator USFDA has accepted Mylan’s biologics licence application (BLA) for a proposed biosimilar of branded trastuzumab for treatment of certain breast and gastric cancers.

Mahindra & Mahindra: Home-grown auto major Mahindra and MahindraBSE 0.32 % (M&M) has launched seven new models — four in the passenger van segment and three in the load carrier category — under its Supro brand. The Supro Minivan starts at Rs 4.71 lakh (ex-showroom Kolkata), while the Supro Minitruck starts at Rs 4.28 lakh (ex-showroom Kolkata).

Lupin: Drug firm LupinBSE 0.81 % has received approval from the US health regulator for generic Hydrocodone Bitartrate and Homatropine Methylbromide oral solution used for providing relief of cough. The company has received US Food and Drug Administration (USFDA) approval for its generic Hydrocodone Bitartrate and Homatropine Methylbromide oral solution (Syrup) 5 mg/1.5 mg per 5 ml, Lupin said in a BSE filing.

Sundaram Finance: Sundaram FinanceBSE 0.76 % will announce its financial results for the quarter ended December 31, 2016 on Friday.

NTPC: The state-owned power producer NTPCBSE 0.29 % has started production from Pakri Barwadih coal mine in Jharkhand and the first rake of the dry fuel was flagged off today.

EvereadyBSE 0.22 % Industries: The company on Thursday announced that a meeting of the board of directors of Eveready IndustriesBSE 0.22 % will be held on Monday, February 20 to consider the reorganisation of the packet tea operations

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