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Top Ten Stocks to be Focused for 18 May 2016

Top Ten Stocks to be Focused for 18 May 2016

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

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

State Bank of India: SBI plans to sell part of its holding in National Stock Exchange (NSE), where it owns 15 per cent stake. In a press release, SBI said its board has given in-principle approval for the bank to discuss the possibility of acquiring its associate banks.

LT Foods: Hindustan Unilever has received Competition Commission of India’s nod to sell its rice export business to Delhi-based LT Foods. The deal, announced in March, allows transfer of the brands and inventory to LT FoodsBSE 0.80 % for Rs 25 crore.

Shriram Group companies: Business tycoon Ajay Piramal now plans to bring all his finance entities under one roof, including those of the Shriram Group, in which he is the single largest shareholder.

HDFC Ltd: HDFC said the company will raise Rs 1,500 crore by issuing debentures on a private placement basis.

Fresh inclusions in derivative segment: Jubilant LifeBSE -0.14 % Sciences, NIIT Tech, Torrent PowerBSE 1.94 % , Emami, Intellect Design and VakrangeeBSE 0.57 % are likely to be included in the equity derivatives segment in the next round of review by NSE, said analysts at ICICI Securities, Anand Rathi and IDBI Capital.

Punjab National Bank: The public sector bank is expected to report 81 per cent YoY drop in net profit to Rs 58 crore compared to Rs 307 crore reported in the year-ago period, Angel Broking said in a note.

JSW Steel: The steel major is expected to report a net loss of Rs 64 crore for the quarter ended March 31 compared to Rs 31 crore profit reported in the year-ago period, said the Angel Broking estimates.

L&T: Markets watchdog Sebi has sought clarification from the merchant banker of L&T Infotech, an arm of engineering giant Larsen and ToubroBSE -0.46 % (L&T), regarding the company’s proposed initial public offering.

SpiceJet: Budget passenger carrier SpiceJetBSE 0.68 % on Tuesday launched a new sale offer to commemorate 11 years of its operations.

Coal India: The Competition Appellate Tribunal today set aside the Rs 1,773 crore fine imposed on Coal IndiaBSE -0.65 % for unfair business ways and asked CCI to consider the matter afresh.

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