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Top Stocks to be Focused for 7 March 2017

Top Stocks to be Focused for 7 March 2017

Coal India: Coal IndiaBSE 0.14 % on Monday said its board has approved an interim dividend of Rs 18.75 per share for 2016-17 financial year.

Den Networks: The company has entered into an agreement with Den Digital Cable Network Private Ltd (DDCN) for increasing equity stake of the company in DDCN from 51 per cent to 88.57 per cent. The company has purchased equity stake from the existing shareholders of DDCN.

Jindal Poly: The board of directors of the company has considered and approved expansion plans for company’s India operation by way of investment of Rs 350 crore.

Punjab NationalBSE 0.95 % Bank: State-run Punjab National BankBSE 0.95 % is looking to sell an around 7 per cent stake in mortgage lender PNBBSE 0.95 % Housing Finance, two officials aware of the deliberations told ET.

PNC Infratech: The company has been declared the L1 (lowest) bidder for NHAI project of six laning Chitradurga – Davanagere including Chitradurga bypass, design chainage km 0.000 to km 20.700 and Km 208.000 to km 260.000 of NH 48 (Old NH-4) in the state of Karnataka under NHDP V, to be executed on hybrid annuity mode for a bid project cost of Rs. 1434.0 crore.

Jet Airways: Jet AirwaysBSE 0.10 % on Monday said that it has entered into a codeshare partnership with Fiji Airways to offer seamless connectivity between India and Fiji via Singapore and Hong Kong.

Bharat Electronics: The company has fixed March 17 as record date for determining the eligibility of shareholders with regard to sub-division of equity shares of the company.

Diamond Power: The company on Monday said its shareholders have approved the proposal to convert Rs 2,398 crore debt into equity and optionally convertible redeemable preference shares (OCRPS).

State Bank of India: The public sector lender has secured over 2.75 lakh of its technology infrastructure endpoints in a tie-up with global cyber security services provider Trend Micro Incorporated.

Jindal Steel: Credit Suisse maintained ‘Outperform’ on JSPL and raised target price to Rs 150 from Rs 110 earlier.

Bharat Financial: Morgan Stanley maintained ‘Overweight’ on Bharat Financial stocks with target price of Rs 950.

Sangam Advisors: The company has entered into an agreement with Maharashtra SeamlessBSE 0.95 % to supply 1mw power for 25 years.

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