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Top Ten Stocks to be Focused for 1 July 2016

Top Ten Stocks to be Focused for 1 July 2016

The Indian market is expected to open flat on Friday tracking muted trend seen in other Asian markets.

Here is a list of Top Ten stocks that are likely to be in focus today:

Jet Airways: Jet Airways, India’s second-biggest airline by passengers, is talking to lenders about raising up to $180 million through a loan, banking sources said on Thursday.

Mahanagar Gas: Country’s second largest CNG retailer Mahanagar Gas, which recently concluded its Rs 1,040 crore-IPO, will make its stock market debut on Friday.

InterGlobe Aviation: InterGlobe Aviation, parent of low cost airline IndiGo, today said its paid-up share capital has increased after allotment of shares under the employees’ stock option scheme.

Jaiprakash Associates Limited: ICICI Bank, the lead banker for Jaiprakash AssociatesBSE -2.37 % Limited (JAL), has invoked the strategic debt restructuring (SDR) provision, setting in play the process that could pave the way for the lenders cumulatively cumulatively taking over the company.

Auto stocks will be in focus: Four and two wheeler stocks will be in focus as auto sale numbers for the month of June will be announced starting from July 1. Stocks like Maruti Suzuki, Hero MotoCorp, Bajaj AutoBSE 0.15 % and Ashok Leyland will be on the watch list.

IOC, HPCL, BOCL: Petrol price was slashed by 89 paise a litre and diesel by 49 paise a litre on Thursday, the first decrease in rates in two months.

Strides Shasun : Drug firm StridesBSE 5.06 % Shasun’s oral dosage facility in Bangalore has had successful inspection by the US health regulator with no adverse observations made.

Reliance Communications: Reliance Communications’ CDMA customers in Mumbai, Delhi, Maharasthra and Andhra Pradesh circles, who had chosen to upgrade their services, will get the telco’s 4G services fromFriday under its spectrum sharing agreement with Reliance Jio Infocomm.

Torrent Pharma: Drug maker Torrent Pharma has acquired a manufacturing unit of Glochem Industries in Vizag. The facility manufactures active pharmaceutical ingredients (API), or raw materials used to make medicines, and Torrent will acquire it as a going concern on slump sale basis.

Central Bank of India: Shareholders of Central Bank ofBSE -0.28 % India on Thursday approved its fund-raising plans at the AGM. The bank plans to raise up to Rs 3,000 crore by various means, including follow-on public offer and rights issue.

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