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Top Ten Stocks to be Focused for 11 May 2016

Top Ten Stocks to be Focused for 11 May 2016

The Indian market is expected to open lower on Wednesday tracking muted trend seen in other Asian markets.

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

JSW Steel: India’s JSW SteelBSE -0.52 % Ltd has bid for the British operations of Tata Steel LtdBSE 0.70 %, two sources with direct knowledge of the matter confirmed on Tuesday, prompting concerns about its debt levels and putting pressure on its shares.

Maruti Suzuki: India’s largest automaker urged its component suppliers to make investment for the future as the company’s requirements are expected to grow, with it predicting double-digit expansion in annual sales at least until 2020.

JM Financial: Close on the heels of Reserve Bank of India’s move to bring the nascent peer-to-peer (P2P) lending under regulation, financial services firm JM FinancialBSE -0.71 % has acquired 9.84% stake in P2P lending start-up Fairassets Technologies through one of its subsidiaries.

Kotak Mahindra Bank: Kotak Mahindra Prime, a subsidiary of Kotak Mahindra BankBSE 0.42 % said it will raise Rs 50 crore by issuing debentures on a private placement basis.

Radico Khaitan: Liquor firm Radico KhaitanBSE -3.75 % said its net profit remained flat at Rs 14.8 crore for the fourth quarter ended March 31.

EID Parry: Part of the Murugappa Group has posted a 39.8 per cent decline in its consolidated net profit at Rs 39.74 crore for the March quarter.

Zee Entertainment Enterprises: Subhash Chandra promoted Zee Entertainment EnterprisesBSE 4.68 % (ZEE), the leading listed media and entertainment company, has posted a consolidated net profit of Rs 260.61 crore for the quarter ended March 31, 2016, compared to Rs 230.77 crore in the corresponding quarter of previous financial year.

UCO Bank: The bank has informed BSE that it has issued and allotted 22,54,64,190 equity shares of Rs.10 each for cash on May 10, 2016 at an issue price of Rs.41.47 per equity share including premium of Rs. 31.47 per share.

NIIT: Skills and talent development firm NIIT reported a consolidated net profit of Rs 17.8 crore for the March quarter on account of growth in Skills and Careers (SNC) and Corporate Learning (CL) business.

SRF: The company reported an 82 per cent increase in its consolidated net profit at Rs 108.79 crore for the quarter endedMarch 31, on account of lower expenses and rise in income.

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