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Top Stocks to be Focused for 05 July 2017

Top Stocks to be Focused for 05 July 2017

ICICI Prudential Life Insurance: ICICI Prudential Life Insurance Co, India’s only listed life insurance company, has confirmed its interest in buying the beleaguered Sahara Life insurance.

ICICI Bank: Private sector lender ICICI Bank on Tuesday said the joint venture agreement between it and Fairfax Financial Holdings Ltd has been terminated ahead of the IPO of ICICI Lombard General Insurance Company — a JV between the two entities.

Sun Pharma: The pharma major, India’s largest drug maker, signed a long-term agreement with South Korea’s Samsung BioLogics for the manufacture of an experimental medicine to treat psoriasis.

Bajaj Finance: Global brokerage house Credit Suisse maintained ‘Underperform’ rating on Bajaj FinanceBSE 0.46 % with a target price of Rs 970 per share.

Mahindra & Mahindra: Mahindra & Mahindra on Tuesday announced reduction in prices of its utility vehicles and SUVs by up to 6.9 per cent on an average to pass on the GST benefit to customers.

YES Bank: YES Bank, India’s fourth-largest private sector bank, on Tuesday signed an MoU in London with Santander to promote India-UK trade and business opportunities.

Axis Bank: The lender is seeking members’ nod for raising funds worth upto Rs 35,000 crore.

Reliance Industries: Reliance Jio is likely to launch its much-awaited 4G VoLTE feature phone within this month, with brokerage HSBC putting the price at as low as Rs 500, a move which could bring in another wave of disruption in the telecom market.

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