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Top Ten Stocks to be Focused for 25 April 2016

Top Ten Stocks to be Focused for 25 April 2016

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

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

RIL: Reliance Industries Ltd reported 15.9 per cent year-on-year increase in net profit including exceptional items to Rs 7,398 crore ($ 1.1 billion) for the quarter ended March 31, compared to Rs 6,381 crore reported in the corresponding period of the previous year.

Cairn India: Cairn India reported its biggest quarterly loss of Rs 10,948 crore in the quarter ended March 31 mainly because of impairment loss on goodwill and non-producing oil and gas assets due to drop in oil prices.

Sasken Communication Technologies: Sasken Communications reported a consolidated net profit of Rs 174.63 crore for the March quarter on the back of exceptional income of Rs 298.12 crore.

TCS: Full-service airline Vistara has entered into a strategic partnership with TCSBSE 1.03 % for a broad range of information technology services, including application maintenance services and airport infrastructure support.

IOB & UCO Bank: The National Stock Exchange will exclude mid-cap lenders Indian Overseas BankBSE -0.78 % and UCO BankBSE -0.37 % from the futures and options segment, the exchange said in a circular on Friday.

Reliance Defence and Engineering Ltd: RDEL said it will raise up to Rs 1,200 crore through rights issue to augment long-term resources and exit from corporate debt restructuring (CDR).

Bajaj Finance: The company has raised Rs 400 crore through issuance of bonds on a private placement basis. The decision was taken by the Debenture Allotment Committee of the company today, Bajaj FinanceBSE 0.00 % said in a regulatory filing.

NHPC: NHPCBSE -0.22 % said its board will next week consider raising up to Rs 900 crore through issuance of secured non-convertible corporate bonds on private placement basis to meet debt requirement and refinancing PFC loan.

Mahindra & Mahindra Financial Services: M&M Financial Services reported a 12 per cent rise in consolidated net profit at Rs 411.33 crore for the quarter ended March 31.

Tata Motors: TML said it plans to raise Rs 300 crore through issuance of non-convertible debentures (NCDs) to meet its expansion plan. The fund-raising is a part of the company’s plan to mop up Rs 4,400 crore through issuance of NCDs in one or more tranches on a private placement basis.

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