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Top Ten Stocks to be Focused for 3 Oct 2016

Top Ten Stocks to be Focused for 3 Oct 2016

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

Tata Motors: Homegrown auto major Tata Motors is planning to increase prices of its passenger vehicles during the ongoing festive season to offset rising input cost.

Maruti Suzuki: The country’s largest car maker Maruti Suzuki posted a 29.4% growth in domestic sales at 137321 units last month on account of demand in the ongoing festive season.

SAIL, BEL, Container Corp: India is preparing a plan for big-ticket asset sales that involves the disposal of controlling stakes in 22 listed and unlisted companies as the Centre looks to meet the full-year disinvestment target of Rs 56,500 crore.

RBL Bank: RBL Bank, one of India’s fastest growing banks, has announced the acquisition of a 9.99% stake in Utkarsh Micro Finance Ltd (UMFL) in what is a strategic move to reach out to the unbanked and underbanked segments of society.

SBI & PNB: Government is considering roping in two-three banks, including SBI and PNBBSE 2.06 %, to pick up stake in IIFCL-anchored Rs 500-crore Credit Enhancement Fund announced by Finance Minister Arun Jaitley in the budget this year.

RIL: The oil ministry is set to ask Reliance Industries Ltd to pay the government over $1.3 billion for allegedly drawing about 8.9 billion cubic metres (BCM) of gas that flowed into its deep-water block in the Krishna Godavari basin from the neighbouring field of state-owned Oil and Natural Gas Corp. Ltd

IOC, BPCLBSE 2.03 %, HPCL: Petrol price was on Friday hiked by 36 paise a litre, the third increase in two months, but that of diesel was cut by 7 paise per litre in line with international trends.

Vedanta: Mining giant Vedanta Resources has paid more than USD 2 billion (over Rs 13,300 crore) in taxes, royalties, licence fees and other payments to India in the last financial year ended March 2016.

ONGC & Oil India: State-owned ONGC and Oil IndiaBSE 3.15 % are making losses on natural gas production after government cut rates for the fourth consecutive time to bring down selling price to below the cost of production.

Ashok Leyland: Hinduja Group flagship Ashok Leyland is gearing up for its solo journey in the light commercial vehicle (LCV) space after separation from partner Nissan with plans to introduce 8-10 products over the next 2-3 years that will entail an investment of up to Rs 400 crore.

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