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Top Ten Stocks to be Focused for 30 May 2016

Top Ten Stocks to be Focused for 30 May 2016

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

ONGC: State-owned ONGC BSE 0.63 % is mulling buying a majority stake in GSPC’s Krishna-Godavari basin gas block, which will help prevent the Gujarat government firm’s Rs 19,500-crore loan from turning into an non-performing asset (NPA).

Maruti Suzuki: Maruti Suzuki will recall more than 77,000 cars, most of which the Baleno hatchback, to upgrade an airbag software and fix other problems, taking the number of vehicles that auto makers in India recalled so far this month to about 1.5 lakh.

DLF: India’s largest real estate firm DLF has reported a 23 per cent drop in its consolidated net profit at Rs 132 crore for the quarter ended March 2016, compared to a net profit of Rs 172 crore, in the same quarter last year. DLF is expecting to receive expressions of interest from prospective investors for the sale of its promoters’ 40% stake in the company’s rental arm DLF Cyber City Developers ( DCCDL ) over the next two weeks.

BHEL: Engineering and construction major BHEL BSE -3.00 % on Friday reported a 59.97 per cent drop in net profit at Rs 359.58 crore for the March quarter, which fell short of the Rs 460 crore estimate made by analysts in an ET Now poll.

Tech Mahindra: Tech Mahindra said it would buy financial technology firm Target Group to boost its platform business process-as-a-service offering in the banking sector, in a deal valued at more than 112 million pounds.

Hindalco : Aluminium maker Hindalco BSE 8.87 % Industries on Saturday reported a standalone net profit of Rs 356.33 crore for the quarter ended March 31.

IOC: Indian Oil Corporation’s fourth quarter profit slumped 80 per cent on higher inventory loss and provision for impairment as crude oil prices fell during the period.

Sun Pharma: The US Department of Justice (DoJ) has subpoenaed Sun Pharmaceutical Industries Ltd BSE -0.73 % seeking information about the pricing and marketing of the generic drugs it sells in the United States, the company said on Saturday.

Jubilant FoodWorks: Food services major Jubilant FoodWorks reported a 6.56 per cent decline in its standalone net profit at Rs 29.46 crore for the quarter ended March 31 on the account of higher expenses.

Central Bank of India: The Central Bank of India said that it has registered a consolidated loss of Rs 1,396.37 crore for fiscal ended March 2016 due to higher provisions for bad assets.

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