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Top Ten Stocks to be Focused for 16 August 2016

Top Ten Stocks to be Focused for 16 August 2016

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

Infosys: In a big blow to Infosys, the Royal Bank of Scotland (RBS) has cancelled a major contract that will impact as many as 3,000 of Infosys’ employees and impact revenues for the year by about $40 million.

Tata Steel: Tata Steel reiterated it has “widened its conversation” to a more strategic play in the European market and is talking to several players, including the German giant Thyssenkrup, but refused to share more details on future plans.

Divi’s Laboratories: Drug firm Divi’s Laboratories posted a rise of 23 p
er cent rise in net profit at Rs 301.81 crore for the first quarter ended June 30. The company had posted a net profit of Rs 245.18 crore for the same period of previous fiscal.

Dabur: Home-grown FMCG major Dabur will double its herb cultivation as it plans to launch newer ayurvedic products amid growing demand and increasing competition from yoga guru Baba Ramdev’s Patanjali Ayurved.

IOC, BPCL, HPCL: Price of petrol was cut by Rs 1 a litre and diesel by Rs 2 per litre, the fourth reduction in rates since July.

Jet Airways (India) Ltd: The country’s second-largest airline by passengers carried, reported a 53.47 per cent decline in net profit for the June quarter, hit by higher operating expenses and lower sales.

Sun Pharma: Sun Pharmaceutical Industries posted 3.6 per cent times growth in consolidated net profit in Q1FY17 on a year-on-year basis on the back of 25 per cent growth in its US business.

Bank of Maharashtra: State-owned Bank of Maharashtra has reported a loss of Rs 397.40 crore in the first quarter ended June 30 2016 on account of bad loans. The bank had registered a net profit of Rs 59.44 crore in the corresponding period of the previous fiscal.

Reliance Capital: Reliance Capital Ltd said on Saturday it closed the first quarter of the current fiscal with a consolidated net profit of Rs.207 crore.

NMDC: Public sector iron ore mining company NMDC reported a 30 percent decline in net profit at Rs 711.34 core for the quarter ended June 2016 as compared with Rs 1,015.39 crore in the corresponding quarter previous year,

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