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Top Stocks to be Focused for 4 Jan 2017

Top Stocks to be Focused for 4 Jan 2017

Engineers India: The company on Tuesday informed bourses that the Committee of the Board of Directors in its meeting held on Jan 3, has approved the issue and allotment of 33.69 crore bonus equity shares in the ratio of 1:1 to the existing shareholders holding shares at the close of business hours on the record date ie Jan 2.

HDFC and Bank of India: Housing finance major HDFC and state-run Bank of India cut benchmark lending rates by up to 0.90 percentage point on Tuesday.

MOIL: The company on Sunday increased prices for electrolytic manganese dioxide and chemical grades ore by 5 per cent and 10 per cent, respectively.

Glenmark BSE 1.58 % Pharmaceuticals: The pharma major has received final approval from the US health regulator USFDA for sale of Tretinoin Capsules, used in treatment of leukemia.

Indiabulls Housing Finance: Indiabulls Housing Finance on Tuesday reduced its home loan rates by 45 basis points, bringing it down to lowest in six years.

Corporation Bank: The bank lowered 1-year MCLR rate by 0.70 per cent to 8.75 per cent.

Nandan Denim: The Reserve Bank of India on Tuesday notified that foreign portfolio investors can now invest up to 49 per cent in Nandan Denim against 24 per cent earlier.

Punjab and Sind Bank: Another public sector lender Punjab and Sind Bank also cut the one-year MCLR to 8.75 per cent, down by 0.8 per cent.

Bharti Airtel: In a bid to let customers experience 4G network at affordable prices, Bharti AirtelBSE -0.21 % on Tuesday said it will offer free data for 12 months, worth up to Rs 9,000, to customers who switch to AirtelBSE -0.21 % 4G.

ONGC BSE 1.14 % and Cairn India: Ahead of the Budget, state-owned oil producer ONGC and private sector Cairn India have asked the government to cut cess on crude oil saying the switchover from fixed to ad valorem rates had turned things from bad to worse.

Bombay Dyeing: Nusli Wadia’s 137-year-old flagship Bombay Dyeing and Manufacturing Company has drawn up a major strategy to revive its textile retail business and is looking for a turnaround ..

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