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Top Stocks to be Focused for 06 April 2017

Top Stocks to be Focused for 06 April 2017

Multi Commodity Exchange: MCX, India’s largest commodity bourse, will conduct a forensic audit of its trading systems following allegations of unfair trading access. MCX is the second exchange after the National Stock Exchange (NSE) to see a forensic audit of its trading systems due to allegations of preferential access to brokers.

The Phoenix Mills: Canada Pension Plan Investment Board (CPPIB) and The Phoenix MillsBSE 4.52 % Ltd on Wednesday announced participation in a strategic investment platform, Island Star Mall Developers, to develop, own and operate retail-led mixed-use developments across India.

Coal India: Coal IndiaBSE -1.28 % is actively looking to acquire coking coal assets in Australia, a senior company official told Reuters, as the country looks to beef up its foreign coal assets.

Mahindra & Mahindra: Despite the not-so-encouraging initial forecasts about the monsoons, tractor major Mahindra & Mahindra on Wednesday sounded confident of maintaining last year’s sales momentum and grow in double-digits.

Rate-sensitive stocks: Auto, banking and realty stocks will be in focus ahead of the Reserve Bank of India’s (RBI) monetary policy meeting on Thursday later in the day. The RBI had left its key repo rate unchanged at 6.25 per cent for the second time at its February 2017 meeting.

Power Grid Corporation ofBSE -0.31 % India: The company has entered into loan agreement with Asian Development Bank (ADB) on Wednesday for an amount of $225 million for part funding of its transmission projects associated with Solar Power Parks.

Lupin: The pharma company on Wednesday said it is reviewing an order by Federal Court of Australia awarding AUD 31.3 million to BayerBSE 0.00 % in a patent infringement lawsuit filed against two of the company’s arms in the country.

Bank of India: Bank of India said it will hold an extraordinary general meeting (EGM) of shareholders on May 4, 2017 for their approval for issuing share capital by way of preferential issue to Government of India.

Reliance Defence and Engineering: The company scheduled a board meeting on Tuesday, April 11, to consider rights issue of equity shares upto Rs 1,200 crore, which was approved at the board meeting held on April 22, 2016.

GE Shipping: Great Eastern Shipping CompanyBSE -0.97 % announced that GGOS Labuan, a step-down subsidiary of the company, has been struck off from the registry under the provisions of the Labuan Companies Act, 1990 with effect from March 4, 2017.

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