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Top Ten Stocks to be Focused for 20 April 2016

Top Ten Stocks to be Focused for 20 April 2016

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

TCS: TCS’ revenue rose 1.5 per cent sequentially to $4.21 billion while net profit rose 1.3% to $938 million. According to Economic Times Intelligence Group, analysts had expected profit growth of less than 1%, and revenue growth of 1.5 per cent.

Wipro: The IT major is likely to report 8.8 per cent growth in its consolidated net to Rs 2426 crore for the quarter ended March, compared to Rs 2230 crore reported in the year-ago period, said an ET Now Poll.

PSU banks: Tightening disclosure norms, RBI has asked banks to disclose fraud cases and make provisions for them not exceeding four quarters from the date during which it has been detected.

Financial Technologies: In a setback to the Jignesh Shah-promoted Financial Technologies (India) LtdBSE -0.16 % (FTIL), the Supreme Court on Monday set aside a Madras High Court’s order that had partially lifted the freeze on the company’s assets and investments, said a media report.

BEML Limited, a Defence Public Sector, has signed a Memorandum of Understanding (MoU) with Dredging Corporation of India Limited for indigenous design, development and manufacture of spares for dredgers, said a media report.

MindTree Ltd: For the January-March quarter, MindtreeBSE 6.22 % posted a profit of $23 million, an 11 per cent jump from last year. Revenue surged 32 per cent to $195.6 million.

LIC Housing Finance: LIC Housing Finance reported a rise of 19.5 per cent in its consolidated net profit at Rs 1,667.70 crore for the quarter ended March 31. The company had posted a net profit of Rs 1,395.61 crore in the corresponding quarter previous fiscal, it said in a regulatory filing.

Tata Steel Ltd: Tata Steel reached out to 190 potential financial and industrial investors for the sale of its UK business, the company said in a regulatory filing on BSE on Monday.

HDFC: The wait is finally over. HDFC LtdBSE 0.48 % today announced the much awaited initial public offering of its insurance arm HDFC Standard Life. The mortgage lender will dilute 10 per cent of its 61.63 per cent stake in the insurance arm, making it India’s first insurance IPO.

Suzlon: Suzlon Energy has acquired five small solar companies for an undisclosed sum to implement various renewable energy projects across the country.

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