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Top Stocks to be Focused for 12 May 2017

Top Stocks to be Focused for 12 May 2017

Kotak Mahindra BSE 0.47 % Bank: Private lender Kotak Mahindra BankBSE 0.47 % is looking to raise about Rs 5,662 crore through sale of 6.20 crore shares through qualified institutional placement (QIP). This share sale is part of stake reduction exercise by its promoter Uday Kotak, the vice-chairman of the bank, as per the RBI advice.

Infosys: InfosysBSE 1.40 % has delayed salary increases to at least July and even later for senior employees, India’s second-largest software services exporter said, even as it played down fears of job cuts and started taking steps to reduce operating costs.

Asian Paints: The company on Thursday reported 10.13 per cent increase in consolidated net profit to Rs 479.61 crore for the March quarter of last fiscal. Asian PaintsBSE -2.76 % had in comparison posted a net profit of Rs 435.47 crore in the January-March quarter of 2015-16.

Glaxo Smith Kline (GSK) Consumer Healthcare: The company on Thursday posted an 8.42 per cent rise in standalone net profit for the quarter ended March 31 at Rs 175.88 crore. It had posted a net profit of Rs 162.22 crore in the corresponding period a year ago

Glenmark BSE -12.82 % Pharmaceuticals: The pharma company on Thursday posted 23.5 per cent rise in consolidated net profit to Rs 183.76 crore for the fourth quarter ended March 31, 2016-17, mainly on account of robust sales in the US. In comparison, it had posted a net profit of Rs 148.79 crore for the January-March period of 2015-16, Glenmark said in a filing to BSE.

Force Motors : Commercial vehicle maker Force Motors reported a 25.29 per cent decline in its standalone net profit at Rs 54.91 crore for the March quarter. It had posted standalone net profit of Rs 73.50 crore during the same period of the last fiscal, Force Motors said in a BSE filing.

Crisil : Crisil BSE 0.18 %, the Indian unit of US-based ratings firm Standard & Poor’s, laid off about 150 people or half the workforce at its small and medium enterprises ratings division, three people familiar with the development said.They cited increased competition and a drop in business from the SME sector for the move.

Reliance Infrastructure : Delhi Airport Metro Express Private Limited (DAMEPL), a subsidiary of Reliance Infrastructure, has won an arbitration against Delhi Metro Rail Corporation (DMRC), which would fetch the company a compensation of Rs 2,950 crore for the termination of the concession agreements for the project, the Anil Ambani-led company said in a statement on Thursday.

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