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Top Ten Stocks to be Focused for 12 August 2016

Top Ten Stocks to be Focused for 12 August 2016

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

Grasim & Aditya Birla Nuvo: The merger of Aditya Birla NuvoBSE -18.63 % into Grasim and then separately carving out the financial services business into a new entity is not favourable for shareholders of either company.

State Bank of India: SBI is likely to report 33.1 per cent year-on-year fall in the net profit to Rs 2,471 crore for the quarter ended June 30 compared with 3,692 crore reported in the year-ago period, said an Angel Broking report.

Hero MotoCorp: Indian private equity firms Multiples and ChrysCapital have emerged as the frontrunners for a stake of about 13 per cent in Hero FinCorpBSE 1.22 %, the consumer finance arm of Hero MotoCorp, said two people with knowledge of the matter.

Sun Pharmaceuticals: Sun PharmaBSE 1.19 % is expected to report 303.9 per cent year-on-year rise in the net profit to Rs 1935 crore for the quarter ended June 30 compared with Rs 479 crore reported in the corresponding quarter of last fiscal.

Hindalco: Hindalco is expected to report 94.1 per cent YoY growth in the net profit to Rs 208 crore for the quarter endedJune 30 compared with Rs 107 crore reported in the year-ago period.

PTC India Ltd: Power solutions company PTC India Ltd. posted a 13.5 percent growth in profit in the first quarter of the financial year 2017. Net profit for the April-June period grew to Rs 56.5 crore from Rs 49.8 crore in the corresponding quarter the previous year.

JK Lakshmi Cement: JK Lakshmi Cement on Thursday reported a standalone net profit of Rs 28.6 crore for the quarter ended June 30, compared with a net loss Rs 23.5 crore in the year-ago period.

Tide Water Oil: Tide Water Oil reported 7.8 per cent YoY growth in the net profit to Rs 27.50 crore for the quarter endedJune 30 compared with Rs 25.50 crore reported in the year-ago period.

Dena Bank: Dena Bank to consider raising up to Rs 446 cr via pref share sale to Govt.

Kesoram Industries: B K Birla group company Kesoram Industries clocked a net profit of Rs 9.49 crore in the first-quarter (Q1) ended June 30, 2016, compared to a loss of Rs 164.74 crore in the corresponding period previous year.

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