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Top Stocks to be Focused for 22 Feb 2017

Top Stocks to be Focused for 22 Feb 2017

CastrolBSE -1.26 % India: The company on Tuesday reported a 10.7 per cent rise in net profit at Rs 155.8 crore for the fourth quarter ended December 31 against Rs 140.80 crore in the corresponding quarter last year.

Dr Reddy’s Laboratories: Drug firm Dr Reddy’s LaboratoriesBSE 0.60 % said the US health regulator has made three observations after completing inspection of its Miryalaguda facility.

Tata Chemicals: The company on Tuesday said its fertiliser plant at Haldia will remain shut till April 15 due to relocation of ammonia pipeline as well as annual repair and maintenance work.

Tata Motors: Tata MotorsBSE 1.26 %, India’s largest automobile company by revenue, and Volkswagen Group, Europe’s largest car maker by volume, are said to be at an advanced stage of finalising a partnership that can have a wide-ranging impact on India and other emerging markets.

Bharat Electronics: The government will sell 5 per cent of its stake in state-run defence major Bharat Electronics LtdBSE -2.33 % on Wednesday, officials said.

Coal India: Coal IndiaBSE 0.91 % on Tuesday post market hours informed bourses that the company has fixed March 15 as the record date for the purpose of payment of interim dividend on equity shares for the financial year 2016-17, if declared by the board.

Power GridBSE -0.49 % Corporation: The company has bagged a 765kV transmission project in the eastern region in a competitive bidding conducted by PFC Consulting, an arm of Power FinanceBSE 1.65 % Corp.

ITD Cementation: For the quarter ended December 31, 2016, the company reported a consolidated net profit of Rs 13.01 crore, down 56.70 per cent, against Rs 30.05 crore in the corresponding quarter last year.

ONGC: The government’s plan to create an integrated oil company will likely involve Oil and Natural GasBSE 0.79 % Corp taking over either Hindustan PetroleumBSE -0.28 % Corp (HPCL) or Bharat PetroleumBSE 0.79 % Corp (BPCL) but won’t result in a mega merger leading to the creation of an industry giant.

Tea stocks: Shares of tea stocks will remain in focus as prices may rally on production shortfall.

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