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Top Stocks to be Focused for 05 June 2017

Reliance Communications: In fire fighting mode following doubts over Reliance Communications’ loan repayment capability, Anil Ambani on Friday sought to reassure investors saying the debt- laden telecom firm has been given a reprieve of seven months to service its debt.

NTPC: State-run power giant NTPCBSE 0.22 % entered into the new business segment of setting up charging stations for electric vehicles (EVs) and has installed first such points at its offices in Delhi and Noida.

Andhra BankBSE 0.25 % and Allahabad Bank: Andhra Bank and Allahabad BankBSE 0.35 % have put up for sale nearly Rs 6,000 crore of bad loans amid mounting pressure on state-run lenders to clean their books.

Bank of India: Saddled with bad loans, Bank of India is exploring the possibility of selling stake in some subsidiaries to unlock capital and turn the corner.

JSW Steel: A consortium led by JSW SteelBSE -0.44 % raised its bid for Italy’s troubled Ilva steel plant, a statement said on Saturday, in a challenge to a group that was declared the winner of the tender process last month, but whose offer faces labour union opposition.

Vedanta: The company said that the ratings for the company have been revised by India Ratings & Research to IND AA/Stable from IND AA/Negative earlier. The announcement was made after market hours on Friday.

Wipro: The IT major has deployed nearly a quarter of its $100 million corporate venture capital fund in nine start ups in the last two years, a far larger percentage of its fund than cross-town rival InfosysBSE -0.42 %, the company disclosed in its annual filing to the US Securities and Exchange Commission.

SpiceJet: Budget passenger carrier SpiceJetBSE 0.34 % on Saturday reported a decline of 61.40 per cent in its standalone net profit for the fourth quarter (Q4) of 2016-17, due to demonetisation and increase in fuel cost. According to the airline, its Q4 net profit declined to Rs 41.63 crore from Rs 107.87 crore during the like period of 2015-16.

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