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Top Ten Stocks to be Focused for 18 Oct 2016

Top Ten Stocks to be Focused for 18 Oct 2016

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

UltraTech Cement: India’s largest cement maker, on Monday said its net profit in the quarter ended September 30 rose 25.27% from a year ago helped by higher other income.

Lakshmi Vilas Bank : The bank on Monday reported a 44.64 per cent YoY surge in profit after tax (PAT) at Rs 64.80 crore for the quarter ended September 30.

Aarti Industries Ltd: The company informed BSE that the Board of Directors approved the buyback up to 12,00,000 fully paid-up equity shares of face value of Rs. 5 representing up to 1.44 per cent of the total number of Equity Shares of the Company at a price of Rs. 800.

HDFC: HDFC Life has reported 12 per cent increase in net profit at Rs 464 crore during the first half of 2016-17 financial year.

Zensar Technologies: The consolidated net revenue for the quarter grew by 2 per cent QoQ to Rs. 772 cr against Rs. 757 crore in the previous quarter. The consolidated net profit declined by 2.5% QoQ to Rs. 74.5 cr against Rs. 76.5 cr of last quarter due to fall in other income.

United Spirits: Diageo-owned United Spirits today appointed to V K Viswanathan as an Additional Director of the company in the capacity of independent director.

Indian Hume Pipe Company Ltd: Indian Hume Pipe Company Ltd has informed BSE that the Board of Directors will consider the proposal for issue of bonus shares by capitalization of free reserves at their meeting to be held on October 26.

Shriram EPC : The company bagged a Rs 61-crore contract for a water supply scheme in Bengaluru. The company has informed the BSE, that it has bagged the contract for a water supply scheme to Robertsonpet (KGF) City under the Centre’s Atal Mission for Rejuvenation and Urban Transformation scheme.

Alankit : Alankit will remain in focus, as Tuesday will be the cut-off date for interested investors to avail themselves the benefit of its proposed bonus share issue, said a media report.

Axis Bank: Private sector lender Axis Bank has cut its benchmark marginal cost of funds-based lending rate (MCLR) by five basis points with effect from Tuesday.

UCO bank, BoI, India Overseas Bank: The government may now look at combining three other state-run lenders – UCO Bank, Bank of India and Indian Overseas BankBSE 1.00 % – with stronger entities.

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