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Top Stocks to be Focused for 29 May 2017

JSPL: Jindal Steel and Power Ltd (JSPL) on Saturday made operational the largest integrated steel plant of Odisha with the commissioning of the country’s largest blast furnace at Angul.

PSP Projects: Shares of construction firm PSP Projects will make its stock market debut on Monday after successfully completing its initial public offering last week.

Omaxe: Real estate company Omaxe LtdBSE -0.32 % on Sunday announced a 55 per cent fall in its consolidated net profit for the fourth quarter ended March at Rs 12.98 crore, compared with Rs 29.03 crore in the same period of 2015-16.

IGL: The state-run Indraprastha Gas LtdBSE -1.04 % (IGL) reported a 23 per cent rise in net profit for the fourth quarter ended March at Rs 133.5 crore, buoyed by better turnover and sales. The company had posted a net profit of Rs 108.96 crore in corresponding period of 2016.

Reliance Communications: Telecom player Reliance Communications reported loss of Rs 948 crore for the fourth quarter ended March 2017, hurt by intense price war unleashed by newcomer Jio. Reliance Communications – promoted by Anil Ambani – had registered net profit of Rs 79 crore in the corresponding period of the previous year, as per a regulatory filing.

Adani Power: The company on Saturday reported a consolidated net loss of Rs 4,960.53 crore for the fourth quarter (Q4) of 2016-17. It had posted a net profit of Rs 1,021.19 crore in the corresponding period of 2015-16.

Nalco: National Aluminium Company Limited (Nalco) said on Saturday that it registered a growth of 25.23 per cent with a net profit of Rs 268 crore in the fourth quarter of 2016-17 against Rs 214 crore during the same period of the previous fiscal.

Punj Lloyd: Infrastructure major Punj LloydBSE 2.25 % saw its net loss on standalone basis narrowing to Rs 181.58 crore during the fourth quarter ended March 31. The company had posted a loss of Rs 396.15 crore in the year-ago quarter, it said in a BSE filing.

Adani Transmission: The company on Saturday reported 5.17 per cent decline in consolidated net profit for the fourth quarter ended March 31 at Rs 94.9 crore. The power transmission arm of the diversified Adani Group had reported a net profit of Rs 100.08 crore in the corresponding period of last fiscal.

ONGC: Oil major Oil and Natural Gas CorporationBSE -2.16 % (ONGC) on Friday reported 6.14 per cent fall in net profit at Rs 4,340.18 crore for the quarter ended March 31, 2017. It had posted a net profit of Rs 4624.30 crore in the corresponding quarter last year.

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