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Top Stocks to be Focused for 9 March 2017

Top Stocks to be Focused for 9 March 2017

Shree RenukaBSE 3.28 % Sugars: Renuka SugarsBSE 3.28 % has allotted shares worth Rs 27.21 crore to Standard Chartered Bank against the part-conversion of its loan.

Dr Reddy’s Laboratories: The pharma company has received 13 observations from USFDA for Duvvada oncology formulation facility.

Shoppers Stop: Shoppers StopBSE 0.74 % will shut or relocate unprofitable outlets and redesign some, as the nation’s largest department store chain seeks to spur growth by attracting young consumers who may have moved to fast-fashion rivals or online.

Alembic and Natco: The Delhi High Court has allowed Indian companies Alembic and Natco Pharmaceuticals to export -for research and regulatory purposes-generic versions of two life-saving medicines d ..

Steel companies: The steel exports in February registered a growth of 150 per cent while imports came down by 46 per cent.

Cairn India: The tax department has agreed to lift the freeze on British oil explorer Cairn Energy being paid dividend by its erstwhile subsidiary Cairn IndiaBSE -0.38 %, but it still cannot sell the residual stake pending a tax dispute.

HDFC Bank: The bank on Thursday said it has digitised payments at over 1,200 dairy co-operatives in the country under its Milk to Money (M2M) programme. The digitisation of dairy co-operatives has benefited 3.2 lakh farmers across 16 states, the private sector lender said in a statement here.
Wipro: The company on Wednesday announced that it has become a member of the LoRa Alliance, one of the fastest growing Internet of Things (IoT) alliances with over 400 members.

Welspun Enterprises: The company on Wednesday said it has completed the sale of its 15.4 per cent stake in Welspun Energy for around Rs 286 crore.

ISGEC Heavy Engineering: The company has decided to incorporate a wholly-owned subsidiary company in Canada with the name and style of Isgec Canada. The subsidiary company is being incorporated to expand the business of the company in that part of the world by having manufacturing operations by acquiring assets or an existing company.

IL&FS Transportation Networks: The company on Thursday informed bourses that the construction of the longest tunnel in the South East Asian Region comprising of four laning of Chennai to Nashri Section of NH-1A including 9 Km long tunnel (2 lane) with parallel Escape Tunnel in the State of Jammu & Kashmir awarded on May 3, 2010 by the National Highways Authority of India has been completed.

Vedanta: Morgan Stanley has initiated coverage on Vedanta with ‘Overweight’ rating and set a target price of Rs 333.

Kotak MahindraBSE -0.33 % Bank: Shares of Kotak Mahindra BankBSE -0.33 % will be in focus after Canadian pensions funds Canada Pension Plan Investment Board (CPPIB) and Caisse De Depot ET Placement DU Quebec (CDPQ) have bought 1.5 per cent stake in the bank from Uday Kotak, its executive vice-chairman and managing director.

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