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Top Stocks to be Focused for 27 March 2017

Top Stocks to be Focused for 27 March 2017

Reliance Industries: Market regulator Sebi on Friday banned Reliance IndustriesBSE -1.57 % and 12 others from equity derivatives trading for one year and directed the company to disgorge nearly Rs 1,000 crore for “unlawful gains” made through alleged fraudulent trading in a nearly 10-year-old case.

Coal India: The state-owned Coal IndiaBSE -2.20 % announced another interim dividend of Rs 1.15 per share of face value Rs 10 on Sunday.

Hindustan Zinc: The company on Sunday said its 15 MW solar projects in Rajasthan will get commissioned this month, and it is also planning to invest Rs 425 crore for 85 MW power plants by next year.

Jindal Steel BSE -2.21 % (JSPL): The CBI on Friday filed a supplementary charge sheet naming five more persons as accused in a coal scam case against Congress leader and industrialist Naveen Jindal and others. CBI has alleged that Koda had favoured Jindal group firms — Jindal Steel and Power LtdBSE -2.21 % (JSPL) and Gagan Sponge Iron Pvt Ltd (GSIPL) — in allocation of Amarkonda Murgadangal coal block in Jharkhand.

State Bank of India (SBI): The bank had recently said that it would dilute 10 per cent of its stake in the life arm through a public offer.

GVK Power : GVK Power & Infrastructure today said that it has divested 33 per cent stake in the Bangalore International Airport to FIH Mauritius and Fairfax India Holdings for Rs 2,202 crore to bring down its debt level.

HDFC: Mortgage firm HDFC Ltd on Friday raised about $504 million (around Rs 3,300 crore) through rupee denominated bonds to fund its business expansion.

JSW Steel: JSW Steel is keen to capitalise on the stress in the sector by acquiring distressed alloy companies so that it can expand its capacity faster, a top official has said.

Divi’s Laboratories: Conference call of the company is scheduled at 11 am (IST) on Monday where the management will discuss and answer questions from participants with respect to import alert received by the company from US-FDA.

Reliance Capital: Reliance Capital, part of Anil Ambani led Reliance Group, announced the completion of transfer of its commercial finance division into a separate wholly owned subsidiary.

Bharat Forge: The company on Friday announced divesting 23 per cent of its equity stake in the power equipment joint venture (JV) with French multinational Alstom.

Bank of Maharashtra: Bank of Maharashtra announced that its board of directors at a meeting held on March 24, 2017 approved the proposal of raising of equity capital upto Rs 300 crore by way of preferential allotment in favour of Government of India. The announcement was made after market hours on Friday.

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