The Indian market is expected to open higher on Thursday tracking positive trend seen in other Asian markets.
Here is a list of top Ten stocks that are likely to be in focus today:
L&T: Leading IT firm L&T Infotech will hit the market on July 11 with its initial public offer that can fetch up to Rs 1,243 crore. The price band for the offer, entailing the sale of 1.75 crore shares, has been fixed at Rs 705-710 per scrip.
Coal India: Coal IndiaBSE 0.35 % Limited (CIL) and Solar Energy Corporation of India Limited(SECI) have signed two Agreements for implementation of 200 MW Solar Power Project in the State of Madhya Pradesh (M.P.).
Tata Steel: A government overhaul of the British Steel Pension Scheme – crucial to convincing anyone to buy Tata’s British assets – is in jeopardy after Britons’ vote to leave the European Union deepened the fund’s debts and depleted its assets, said a media report.
SBI: The State Bank of IndiaBSE 1.93 % pleaded before the Debt Recovery Tribunal here for granting recovery certificate to start the proceedings against liquor baron Vijay Mallya to recover debts from him in the alleged bank loan default case.
Majesco: iSIGN has joined Majesco’s partner ecosystem. Through this strategic partnership, Majesco will use iSIGN’s electronic signature solution to deliver Majesco’s solutions to its insurance customers enhancing their digital footprint, said a media report.
LT Foods Ltd: The company has incorporated a subsidiary named as “LT FoodsBSE 4.12 % International Limited” in the United Kingdom for strengthening its presence in Europe, said a media report.
JSW Steel: JSW SteelBSE 0.19 % plans to raise Rs 27,600 crore in a mix of Indian and foreign currencies through issues of bonds and debentures during this financial year, said a media report.
Sugar stocks: Raw sugar futures shot up more than 6 per cent, fuelled as strength in the real out of its previous trading range, to its highest level in four years, said a media report.
MCX: USbased CME group is keen on picking a 15% stake in MCX. It can buy shares straight from the market if the limits, toting up to 49%, are made fungible.
Ricoh India: Minority shareholders are up in arms against the troubled Japanese MNC Ricoh IndiaBSE -4.99 %. They have issued a notice to the company for removal of independent directors on the board and instead are seeking to appointment someone who is chosen by them.
GATI: Gati said that its subsidiary GATIBSE 0.17 % Kausar is launching a temperature-controlled warehousing facility near Delhi. The 5,000-pallet capacity unit is spread over four acres.