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Top Stocks to be Focused for 6 Jan 2017

Top Stocks to be Focused for 6 Jan 2017

State Bank of India: The country’s largest lender State Bank of India will take the lead among state-run lenders to launch branch-less banking called SBI Digi Bank, something similar to what Citi or DBS have done elsewhere in the world.

SpiceJet: Budget airline SpiceJetBSE 1.11 % is expected to order at least 92 Boeing Co 737 jetliners, as it looks to bolster its presence in the world’s fastest growing aerospace market, Bloomberg reported on Thursday

Mastek: The comapny’s US entity Digility has acquired TAISTech. In a BSE filing, the company said, “This acquisition will create a platform for MastekBSE 1.23 %’s accelerated growth in the US market and will augment Mastek’s 2020 vision to be a global leader in digital transformation services.”

Wockhardt: Drug firm WockhardtBSE 7.31 % said German regulator has issued European Union Good Manufacturing Practice certificate to the company’s Ankaleshwar facility in Gujarat.

GM Breweries: The company on Thursday reported 36.42 per cent fall in net profit at Rs 9.90 crore for the quarter ended December 30, 2016. It had posted a net profit of Rs 15.57 crore in the corresponding quarter last year.

Chartered Logistics: For the quarter ended December 30, 2016, the company registered net profit of Rs 4.10 crore, up 50 per cent, against Rs 2.74 crore in the corresponding quarter last year.

IT stocks: Two US Congressmen have reintroduced a bill to curb the use of H-1B visas, on which the Indian IT sector is particularly dependent, the first salvo in the battle against outsourcing that is expected under the watch of President-elect Donald Trump. The new bill would require workers on the H-1B visa pay a minimum of $100,000, up from $60,000 currently. The bill also removes the Master’s degree exemption to the cap on the number of visas available.

Piramal Enterprises: Piramal Finance, a subsidiary of Piramal Enterprises, said it plans to foray into housing finance business. In line with the company’s growth plans, Piramal Finance will now make an application to the National Housing Bank for incorporating a housing finance company. This has been approved by the company’s board on January 5.

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