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Top Ten Stocks to be Focused for 17 June 2016

Top Ten Stocks to be Focused for 17 June 2016

The Indian market is expected to open higher on Friday tracking positive trend seen in other Asian markets.

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

IOC: Indian Oil Corp (IOC) is likely to take the largest 37.5 per cent stake in the proposed joint venture to manage fuelling facilities at all airports controlled by the Airports Authority of India (AAI), sources with direct knowledge of the matter said.

HDFC: HDFC Life and Max Life are in talks to create the country’s biggest private life insurer as stiff competition and regulatory hurdles force firms to find new ways of growing market share and profitability.

OBC: Public sector lender Oriental Bank of CommerceBSE 0.16 % said the subscription to its proposed issue to raise Rs 1,000 crore capital through tier-II bonds opens on June 17.

Alstom T&D India: The company said that market regulator Sebi has allowed it to sell 42,565 shares to maintain the minimum public shareholding requirement.

Sugar stocks: Government on Thursday imposed 20 percent customs duty on sugar exports to boost domestic supply and check prices which are ruling high at Rs 40/kg.

GMR Infrastructure: GMR is veering towards selling a big stake in its Hyderabad airport. The company has initiated discussions with a few global investors – Apollo Global Management, KKR, Canadian pension assets manager PSP Investments and Abu Dhabi Investment Authority (ADIA) – valuing the GMR Hyderabad International Airport at about $800 million (Rs 5,000 crore.

Kajaria Ceramics: The company has informed BSE that the Board of Directors of the Company at its meeting held on June 16, 2016, has approved the Sub-division of the equity shares of the Company from Rs. 2 each fully paid up to Re. 1 each fully paid up.

NTPC: The company plans to add 2,500-MW of conventional capacity and at least an equal amount of renewable plants every year, Chairman and Managing Director Gurdeep Singh said.

MCX: Leading commodity bourse Multi Commodity Exchange of India (MCX) said it plans to introduce four-five contracts in agri-space in near future and hopes to launch its own clearing corporation.

Pidilite Industries: Adhesives and industrial chemicals manufacturer Pidilite IndustriesBSE 1.73 % on Thursday said its wholly-owned subsidiaries have fully acquired Kenya-based firm Nebula East Africa Private Ltd (NEAPL) for an undisclosed sum.

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