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Top Ten Stocks to be Focused for 28 July 2016

Top Ten Stocks to be Focused for 28 July 2016

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

Bharti Airtel: Bharti AirtelBSE 0.62 % Africa net loss for the first quarter nearly halved to $78 million from $154 million a year ago on the back of growth in the data customer base and consumption, besides stable currencies in most markets save Nigeria and Sierra Leone.

Logistics companies will be in focus after the Cabinet dropped 1 per cent inter-state tax from the Constitution Amendment Bill, GST. The main Opposition party has been assured that government will accept its demand of tweaking the GST Council structure.

Sun Pharma: Drug firm RPG Life SciencesBSE 10.64 % inked a pact to acquire seven prescription brands from Sun Pharmaceutical IndustriesBSE 1.39 % for a consideration of Rs 41 crore.

HDFC Bank, UCO BankBSE 0.35 %, Allahabad Bank: The Reserve Bank of India has come down hard on 13 banks and fined them for Rs 27 crore for violation of FEMA and lapses in know your client (KYC) rules.

M&M: Mahindra & Mahindra (M&M) said it has incorporated Mahindra Airways as a wholly-owned subsidiary.

PNB: The NII is expected to decline by 18 per cent on a YoY basis to Rs33.6bn, on the back of higher operating costs, CentrumBSE 2.83 % Broking said in a report.

Reliance Communication: State Bank of IndiaBSE 0.90 % will refinance debt of Rs 28,000 crore that will be transferred to the entity emerging from merger of the wireless business of Reliance CommunicationsBSE 0.78 % and Aircel, expected to be announced next month, a person familiar with the matter said.

MCX: The Individual foreign investors can now hold up to 15 per cent stake in Indian stock exchanges, up from the earlier 5 per cent.

Essar Steel: Essar Steel India posted a 12 per cent rise in gross revenue to Rs 4,482 crore in the first quarter of FY17 compared to a gross revenue of Rs 4,006 crore in the previous corresponding quarter.

Pharma stocks: FDI in Brownfield pharma sector has been permitted upto 74 per cent under automatic route; and FDI beyond 74 per cent and up to 100 per cent is allowed under Government approval route

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