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Top Ten Stocks to be Focused for 26 May 2016

Top Ten Stocks to be Focused for 26 May 2016

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

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

L&T: Engineering and construction major Larsen & Toubro (L&T) on Wednedsay reported a 18.53 per cent YoY rise in profit after tax (PAT) to Rs 2,454 crore for the March quarter.

Aditya Birla Fashion and Retail Limited: ABFRL on Wednesday said it is acquiring the online and offline rights of American fast-fashion brand Forever 21 in the Indian market, third time the US fashion brand is changing its India partner.

Tata Steel Ltd: Tata Steel reported a consolidated net loss of Rs. 3213.76 crore for the March quarter against a loss Rs. 5674.29 crore in the year ago period.

GAIL (India) Ltd: The country’s largest natural gas pipeline operator, has posted a 51% jump year on year in its profit for the quarter ended March at Rs 770 crore on increased transmission volumes and trading margins.

Dr Reddy’s Laboratories: Drug major Dr Reddy’s LaboratoriesBSE 0.72 % has forayed into branded consumer health products segment in the US market by acquiring six over-the-counter (OTC) brands from Ducere Pharma for an undisclosed amount.

Reliance Industries Ltd: (RIL) and joint venture partner BP Plc are moving towards ending their dispute with the government on gas pricing, but are yet to officially approve the proposal for industry sources said. RILBSE -0.07 % and BP declined to comment on the matter.

Nalco: Aluminium maker Nalco said its board has approved a proposal to buy back 64.43 crore shares worth close to Rs 2,835 crore, a move that will lead to liquidation of government’s stake in the firm.

Container Corporation of India Ltd: Concor reported 51.7 per cent YoY drop in the net profit to Rs 141 crore for the quarter ended March 31 compared with Rs 292.7 crore reported in the year-ago period.

Thermax Ltd: Energy and environment solutions provider Thermax LtdBSE -1.37 % reported 16 per cent decline in standalone net profit at Rs 111.15 crore for the quarter ended March 31, 2016.

Cummins India: Engines manufacturer Cummins IndiaBSE -2.32 % reported a 13.8 per cent decline in standalone net profit at Rs 164.15 crore for the fourth quarter ended March 31, 2016.

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