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Top Ten Stocks to be Focused for 13 June 2016

Top Ten Stocks to be Focused for 13 June 2016

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

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

Tata Power: Tata Power CompanyBSE -0.79 % has said its renewables arm has signed an agreement with Welspun Energy Pvt Ltd to acquire its green energy portfolio for an estimated at Rs 10,000 crore ($1.4 billion).

Reliance Communication: Anil Ambani led Reliance Communications LtdBSE -1.73 % (R-Com) and Aircel are in advance negotiations to finalise their much anticipated merger by this early next month, paving the way what would be the first in-market telecom merger of national scale in the country, said officials in the know.

Dr Reddy’s Laboratories: Dr. Reddy’s LabsBSE 0.34 % has signed a deal with Israeli drug maker Teva and an affiliate of Allergan to acquire a portfolio of eight abbreviated new drug applications (ANDA) in the US for $350 million in cash.

Tata Motors: Tata Motors on Friday launched its next-generation ‘Ultra’ range of light commercial vehicle (LCV) in Kenya.

Prism Cements : Prism Cement on Friday said it has acquired 15.23 per cent stake in BLA power for Rs 21 crore.

Apollo Tyres: Leading index provider Asia Index announced host of changes in BSE indices as part of reconstitution exercise. Under the changes, Apollo TyresBSE -0.57 % will be dropped from S&P BSE auto index, while United Bank of IndiaBSE -0.54 % will move out from PSU index.

Mahindra Life & DB Realty: Leading index provider Asia Index announced host of changes in BSE indices as part of reconstitution exercise. Under the changes Mahindra Life space Developers and DB Realty will exit from realty index.

SBI: SBI and Spain’s CaixaBank have inked pact to provide loans to Indo-Spanish joint ventures and local enterprises here. State Bank of IndiaBSE -2.13 % (SBI) and CaixaBank have signed a memorandum of agreement to enhance business synergies.

Coal India: Coal India’s two subsidiaries Mahanadi Coalfields and Northern Coalfields will buyback total shares worth around Rs 1,978 crore from their shareholders.

Maruti Suzuki India Ltd: The country’s largest car maker, Maruti Suzuki, has resumed production at both its plants from Monday after a maintenance closure from June 6 to 11, the company said on Monday,

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