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Top Ten Stocks to be Focused for 26 Sept 2016

Top Ten Stocks to be Focused for 26 Sept 2016

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

GNA Axles: The rear axle shafts manufacturer will make its stock market debut on Monday. The issue price is fixed at Rs 207 per share. The 63 lakh equity shares public issue was oversubscribed 54.88 times.

ITC & L&T: Raising objection to the proposed sale of government stake in ITC and L&T held through SUUTI, an RSS body has sought the Prime Minister’s intervention in stopping the sell-off, which it said would send wrong signals to investors.

ONGC: The Board of state-owned ONGC has approved the signing of a preliminary agreement for buying a stake in Gujarat government firm GSPC’s KG basin gas block.

BPCL: BPCL Kochi Refinery is all set to become a world-class refiner with crude oil processing capacity of 15.5 MMTPA, Union Minister Dharmendra Pradhan said.

Gayatri Projects: Gayatri Projects announced that it has secured Rs 1,255 crore highway contract in a joint venture with Russian construction firm PTPS from National Highway Authority of India (NHAI).

ABG Shipyard: Lenders led by State Bank of IndiaBSE -0.14 % and ABG Shipyard have hired investment bank Rothschild to find a buyer for a majority stake in the company as they struggle to save Rs 16,000 crore worth of loans given to it.

IFCI: The Supreme Court has ordered the Union government to ensure proper inquiry into the financial irregularities in the Industrial Financial CorporationBSE 0.00 % of India (IFCI), said a media report.

Coal India: State-run Coal India (CIL) has asked for alternative coal blocks from the Mozambique government since it did not find any commercially viable reserves in the block it was allotted a few years ago.

HCL Technologies & TCS: Trump website names TCS and HCL Technologies responsible for American jobs layoffs. Both companies have given money to the Clintons either via donations to the Clinton Foundation or paying Bill Clinton to deliver speeches, said the report.

Tata Steel: Indian steel giant Tata Steel is set for what are believed to be crunch talks with trade union representatives of its UK steelworks to settle the deadlock over a 15-billion-pound pension scheme for its workers, the main obstacle in its merger with German rival ThyssenKrupp.

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