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Top Stocks to be Focused for 20 Feb 2017

Top Stocks to be Focused for 20 Feb 2017

Reliance Communications: Reliance Communications and the Tata Group are believed to have initiated talks to explore a possible union that could see Tata Teleservices join forces with the merged RCom-Aircel and MTS, persons familiar with the matter told ET.

Jindal Steel and Power LtdBSE 4.36 % (JSPL): JSPL, seeking to reduce its debt and reverse past two years of losses, will commission the blast furnace at its greenfield Odisha plant next month, three years after a Supreme Court order striking down a linked coal mine had stalled the progress of the estimated Rs 35,000-crore project

Idea Cellular: UK’s Vodafone and Aditya Birla Group firm Idea CellularBSE 3.30 % are likely to finalise within a month the mega merger deal that will create India’s largest telecom firm, according to sources.

Mangalam Drugs & Organics: The company on Friday after market hours informed bourses that its facility at Unit-2 was recently audited by WHO-Geneva and have been issued few procedural observations.

State Bank of Travancore: Ahead of its proposed merger with parent SBI, State Bank of TravancoreBSE 0.41 % (SBT) will raise up to Rs 600 crore to shore up additional tier-I capital by issuing Basel compliant bonds on private placement.

Havells IndiaBSE -1.17 % & Lloyd Electric: Havells India, a leading maker of lights and fans, has agreed to buy a unit of Lloyd Electric and Engineering LtdBSE -12.72 % that sells airconditioners and televisions in Rs 1550 crore.

Religare Enterprises: Anand Rathi Wealth Management on Friday said that it has bought Religare EnterprisesBSE 2.52 % Ltd’s wealth management business for an undisclosed amount. Following the deal, Anand Rathi’s assets under management will rise to Rs 13,500 crore from Rs 10,000 crore.

GPT Infraprojects: The company on Friday announced that it has bagged an order worth Rs 64 crore from Rail Vikas Nigam Ltd.

Amtek Auto: Amtek AutoBSE 0.34 % informed bourses that the meeting of board of directors of the company will be held on February 23to discuss and consider the issue of equity shares.

IRB InfrastructureBSE 3.59 % Developers: IRB InvIT Fund, an investment trust sponsored by IRB Infrastructure DevelopersBSE 3.59 %, has received markets regulator Sebi’s approval to raise Rs 4,300 crore through initial public offering (IPO).

Earnings Today: Ambuja CementsBSE -0.04 %, KSB PumpsBSE 0.34 % and Varun Beverages will announce their financial results for the quarter ended December 31, 2016 on Monday.

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