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Top Ten Stocks to be Focused for 22 May 2016

Top Ten Stocks to be Focused for 22 May 2016

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

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

Bharti Airtel Ltd: The company has signed a deal with American Tower Corporation (ATC) for selling some 1,350 of its towers in Tanzania for roughly $180 million (Rs 1,194 crore approx), as the mobile phone operator takes further steps to reduce debt and turn profitable in Africa.

Bharat Forge Ltd: Airbus is in initial talks with companies such as Bharat ForgeBSE 1.40 % and the forgings arm of Mahindra group to have some of its aircraft parts forged in India.

NBFC: Government is expected to propose 100 per cent FDI in 25 more segments of NBFCs including commodity broking and infrastructure debt fund with a view to attract more foreign inflows.

Defence stocks: The Defence Acquisition Council, the apex body in the Ministry of Defence, said it had approved the Defence Procurement Policy (DPP) 2016, which will come into effect from April 1, 2016, said a media report.

Indoco Remedies Ltd: Indoco Remedoes on Monday, said it has received a nod from the US Food and Drug Administration for its Goa unit. It has a manufacturing capacity of 2.2 billion tablets, 32 million bottles of liquid orals, 16 million tubes of creams and ointments and 60 million capsules of hard gelatin.

JMC Projects (India) Ltd: JMC, a leading civil engineering and EPC Company has recently secured new orders worth over Rs. 930 crores.

Himachal Futuristic Communications Ltd: A telecom infrastructure company, on Monday said it is entering into the defence equipment manufacturing business, a media report said.

M&M Ltd: Powertrain division of Mahindra Group launched a new range of 125kVA diesel generators and is eyeingto touch USD 1 billion (about Rs 6,600 crore) in revenues over the next six years.

ITC Ltd: Diversified conglomerate ITC LtdBSE -1.17 %, which entered the dairy segment with the launch of its ghee in October 2015, is targeting a larger play in the space. The Aashirvaad brand is pegged at over Rs 3,000 crore, and controls nearly 75 per cent of the country’s branded ‘atta’ market.

Coal India Ltd: Coal India workmen, on Monday, deferred the token one-day strike on March 29th following fruitful discussions with the coal minister and the management.

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