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Top Ten Stocks to be Focused for 18 July 2016

Top Ten Stocks to be Focused for 18 July 2016

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

Reliance Industries: The consolidated profit for the oil & gas major in the first quarter of 2016-17 fiscal rose 18 per cent to Rs 7,113 crore ($1.1 billion), backed by strong margins in its refining and petrochemicals business.

HUL: Kotak Institutional Equities expect 12 per cent growth in recurring PAT largely aided by higher GMs; we model 110 bps year-on-year expansion in GMs aided by sustained softening of key inputs.

Bharti Airtel: Bharti AirtelBSE -0.98 %, the country’s top operator, announced a major cut in data tariffs on Sunday, the reduction coming just a few days after data benefits were also thrown in by Birla-owned Idea cellularBSE 0.72 %.

Ashok Leyland: Hinduja Group flagship Ashok Leyland will be setting up a bus assembly plant in Kenya with an investment of Rs 70 crore as part of its global expansion plans.

IOC, HPCL, BPCL: Indian OilBSE 1.37 % Corp (IOC) said that it will cut the price of diesel by 0.8 percent from Saturdayand that of petrol by 3.5 percent, the company

Axis Bank, IDFC Bank: Reserve Bank of India (RBI) has allowed foreign investors to up their stakes in Axis Bank LtdBSE 1.51 % and IDFC Bank Ltd to up to 74% and 46%, respectively.

Monsanto: Bayer AG has raised the stakes in its attempt to buy MonsantoBSE 1.74 % Co. The German company upped its bid to $54.7 billion in cash, a $3-a-share increase to $125 a share.

Tata Motors: Tata Motors plans to raise Rs 3,000 crore in the next 12 months through non-convertible debentures (NCDs) or rupee denominated non-convertible foreign currency bonds on a private placement basis.

Lakshmi Vilas Bank: Private lender Lakshmi Vilas BankBSE 2.80 % is looking to raise Rs 400-500 crore by issuing fresh equity shares to shore up depleting capital and meet funding needs for the next two fiscals.

Den Networks: Cable distribution firm Den NetworksBSE 4.19 %, which runs a TV merchandise channel in association with Jasper Infotech, will increase its stake in the venture to 82.87 per cent. The company presently has 50 per cent share in Macro Commerce, which owns the TV channel.

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