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Top Ten Stocks to be Focused for 15 June 2016

Top Ten Stocks to be Focused for 15 June 2016

The Indian market is expected to open flat on Tuesday 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, India’s largest private power producer, will purchase 25% of Resurgent Power for $300 million (around Rs 1,800 crore) as part of a consortium to primarily buy both coal-fired and hydro power assets in India, besides looking at power transmission companies, two people with direct knowledge of the plan said.

Punjab National Bank: Punjab National Bank (PNB), the nation’s second biggest state-run lender, on Tuesday declared a list of 913 wilful defaulters, including Kingfisher Airlines and NAFED, with total outstanding dues of Rs 11,486 crore.

Bharti Airtel: India’s largest telecom carrier said that it has opened up its entire mobile network information to its customers through an interactive online interface, called Open Network, under Project Leap, its national network transformation initiative, which is seeing an investment of Rs 60,000 Crores over the next three years.

SBI: Local private equity fund ChrysCapital Investment Advisors India Pvt. Ltd and Singapore’s sovereign wealth fund GIC Pte. Ltd may together buy a 5 per cent stake in National Stock Exchange of India Ltd (NSE) valued at Rs.900 crore. The stake was put on the block last month last month by State Bank of IndiaBSE 1.49 % (SBI), said a media report.

Aurobindo Pharma: The Foreign Investment Promotion Board (FIPB) has approved two foreign direct investment (FDI) proposals, including that of Aurobindo PharmaBSE -0.82 %, an official statement said hereon Tuesday.

Coal India: State-owned Coal IndiaBSE -0.79 % said its subsidiary South Eastern Coalfields Ltd will buy back shares worth Rs 1,200.19 crore.

Crompton Greaves Consumer Electricals Ltd: CGCEL on Tuesday said HDFC Mutual Fund has trimmed its stake in the company by 2.01 per cent to 7.20 per cent by sales shares worth 168 crore in the open market.

Fertiliser stocks: Government has decided not to increase the prices of urea for the next three years, Union Minister of State for Chemical and Fertilizer Hansraj Gangaram Ahir said on Tuesday.

HDIL: Realty firm Housing Development and InfrastructureBSE 0.84 % (HDIL) is in talks to sell 3-4 land parcels near Mumbai as it looks to bring down its net debt to about Rs 2,000 crore by the end of this fiscal.

Godrej Industries: Godrej Industries’ subsidiary Godrej Agrovet Ltd’s board has approved monetisation of its 100 acre land in Bengaluru through joint development with group company Godrej PropertiesBSE 3.02 %

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