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Top Ten Stocks to be Focused for 7 June 2016

Top Ten Stocks to be Focused for 7 June 2016

The Indian market is expected to open higher on Tuesday tracking positive trend seen in other Asian markets.

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

Rate Sensitive stocks will be in focus ahead of RBI policy review on Tuesday. The RBI is anticipated to keep its interest rates unchanged but the undertone is expected to be dovish.

Tata Steel: Tata Steel’s West Bokaro Divison has inaugurated ‘High Wall Mining’, a unique coal mining initiative that provides a solution to mine coal that is blocked coal safely in barriers.

BHEL: State-owned BHEL BSE 0.30 % announced the commissioning of all the 3 supercritical units of the 1980 MW coal-based Lalitpur Super Thermal Power Project in Uttar Pradesh within a span of just 85 days.

Kotak Mahindra Bank: Kotak Mahindra bank expects about 20 per cent growth in credit during the current fiscal, a senior executive said on Monday.

Vedanta: Vedanta Resources will invest $500 million (nearly Rs 3,350 crore) in its zinc business, which is about half of its total capex for the current fiscal (2016-17).

Essar Steel: Lenders to Essar Steel BSE 0.41 % have asked the company to prepare a new debt repayment plan.Bank officials will meet later this month to examine the company’s proposal to repay loans of around Rs 40,000 crore.

Prism Cement Ltd: Prism has informed BSE that the Company has agreed to acquire 15.23 per cent equity stake for approximately Rs. 21 crores in BLA Power Private Limited, which is in the sole business of generating thermal power.

L&T: L arsen & Toubro Ltd has secured a contract to build a $135 million stadium for Qatar’s 2022 World Cup, an official told Reuters on Monday, a boost for the Indian firm facing a slowdown in its key Middle East market due to low oil prices .

Wipro: Wipro Ltd has informed BSE that the Company the Company will dispatch the letter of offer for the buyback to eligible shareholders appearing on the record date of May 06, 2016, on or before June 10, 2016.

YES Bank: Yes Bank is looking to raise USD 800 million via qualified institutional placements (QIP), sources say. The bank recently got approval from Cabinet Committee on Economic Affairs to raise foreign holding to 74 percent,

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