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Top Ten Stocks to be Focused for 16 June 2016

Top Ten Stocks to be Focused for 16 June 2016

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

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

IOC, BPCL, HPCL: State run oil & gas companies will be in focus after petrol price was hiked by 5 paise a litre and diesel by Rs 1.26 a litre on Wednesday, the fourth increase in rates in six weeks.

Wipro: WiproBSE -0.57 % announced the launch of its analytics solution, Data Discovery Platform. The solution provides pertinent business insights across the value chain of an industry through pre-defined “apps”, said a media report.

Bharti Airtel: Bank of America Merrill Lynch has upgraded No. 1 telco Bharti AirtelBSE -1.85 % to a Buy, given its strong spectrum holdings, continued gain in share of the voice market and a gradually stabilizing Africa though risk of doing business in Nigeria could rise.

Sequent Scientific Ltd: The Maharashtra Food and Drug Administration has ordered suspension of the manufacturing licence of the Mahad unit of Sequent Scientific, , a maker of drug raw materials and veterinary products.

BHEL: Coal scam adversely affected the business of state-run power equipment maker BHELBSE -0.45 % during the three fiscals to 2014-15 even as the company doubled its production capacity, Heavy Industries Minister Anant Geete said on Wednesday.

Aegis Logistics: Foreign fund house Credit Suisse on Wednesday sold Aegis LogisticsBSE -3.12 % shares worth Rs 40 crore. According to bulk deal data, it sold 16.75 lakh shares each on the BSE and the NSE at an average price of Rs 119.

Crompton Greaves: Avantha group firm Crompton GreavesBSE 1.61 % is selling its global automation business, ZIV, at a valuation of $112 million (Rs 754 crore) by September, to focus on its India businesses,

Monsanto: In fresh woes for MonsantoBSE 0.28 %, the Competition Commission of India (CCI) has ordered a detailed probe into three more complaints against the US-based genetically-modified seed major by clubbing them with the ongoing investigation.

NTPC: NTPC on Wednesday formally announced incorporation of a joint venture with Coal IndiaBSE -1.02 % – Hindustan Urvarak and Rasayn Ltd – to revive Gorakhpur and Sindri plants of Fertilizer Corporation of India.

Aurobindo Pharma: Indian pharmaceutical major Aurobindo PharmaBSE -0.71 % Limited, which has crossed $2 billion revenue mark in FY16, is planning to step up the momentum this year by increasing the number of launches in the US market as it aims to reach $3 billion in revenues in next two years,

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