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Top Ten Stocks to be Focused for 29 March 2016

Top Ten Stocks to be Focused for 29 March 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:

Tech Mahindra Ltd: Tech MahindraBSE -0.22 %, the IT arm of the Mahindra Group, said it joined General Electric’s Digital Alliance Program and will use GE’s industrial internet platform to build more solutions in the power, oil & gas and transportation industries.

IDBI Bank Ltd: IDBI Bank has allotted 158 million equity shares, equivalent to 7.16 per cent stake, on preferential basis to Life Insurance Corporation of India (LIC), which now holds over 14 per cent stake in the state-run lender.

NTPC Ltd: Public sector power generator NTPCBSE 0.23 % announced the commissioning of 660 MW unit-3 at Mouda Super thermal power station.

UCO Bank: The bank in a filing to the BSE on Monday said that it will raise Rs 935 crore by issuing preferential shares to the government.

Syndicate Bank: The bank in a filing said it will raise up to Rs 740 crore through preferential allotment. The decision to allot shares to government is to be taken at the meeting of the Board of Directors on March 31.

ONGC: State-run Oil and Natural Gas CorporationBSE -0.72 % (ONGC) has unveiled a Rs 34,000-crore ($5-billion) investment plan to develop its KG Basin fields delayed for years, which would help boost the company’s oil and gas output by a fifth in about four years.

Mastek Ltd: The company informed BSE that the Board of Directors of the Company at its meeting held on March 28, 2016 at 06:00 PM, has approved the Change In Pricing Policy between the Company and its wholly owned subsidiary in the United Kingdom, MastekBSE 2.10 % UK Limited.

Subex Ltd: Subex Ltd approves allotment of 81.1 mn shares upon FCCB conversion. The lenders also agree to lower interest rates to 5 per cent from 10.5 per cent.

NBCC Ltd: State-owned construction firm NBCCBSE 1.02 % Ltd has sought shareholders’ approval for stock split as the company is likely to launch follow-on public offer ( FPO) under the government’s disinvestment programme.

Jubilant FoodWorks Ltd: Wipro announced a five-year partnership with the country’s top food service company Jubilant FoodWorksBSE 1.27 % to deliver energy management services and help reduce energy and operational costs.

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