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Top Ten Stocks to be Focused for 17 May 2016

Top Ten Stocks to be Focused for 17 May 2016

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

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

Pfizer: Pfizer will acquire Anacor Pharmaceuticals Inc. in a deal valued at about $5.2 billion. Anacor’s topical treatment for eczema, called crisaborole, is currently under review by the Food and Drug Administration.

Wipro Limited: The leading global information technology firm announced partnership with Xactly Corporation on Monday, a leading provider of enterprise-class, SaaS and cloud-based incentive solutions for employee and sales performance management, said a media report.

TCS: Tata Consultancy Services: TCSBSE 0.36 % a leading global IT services, consulting and business solutions organization, and Siemens are leveraging their longstanding partnership to expand and enhance the delivery of big data analytics to the global manufacturing industry, said a media report.

Shasun Pharma: Drug firm Strides ShasunBSE 5.54 % has decided to divest the company’s UK arm Shasun Pharma Solutions Ltd to its current management for an enterprise value of GBP 25 million (over Rs 240 crore).

L&T Finance: Four years after acquiring Fidelity Mutual Fund in March 2012, L&T Finance Holdings is considering selling stake to a foreign partner, said a media report.

JSW Steel: Private steel firm JSW SteelBSE -0.45 % has begun due diligence of Tata SteelBSE 0.37 % UK with the board set to discuss assets on May 18, ET Now reported.

Coal India & NTPC: Coal IndiaBSE 0.19 % , world’s largest coal miner and NTPCBSE 0.07 % , the largest national power producer, formally inked a joint venture agreement for the revival of now defunct gas based Sindri and Gorakhpur plants of Fertilizer Corporation of India on Monday.

State run oil companies: Petrol price was hiked by 83 paisa a litre and diesel by Rs 1.26 per litre on Monday, the secondincrease in rates this month. Rates were last hiked by Rs 1.06 a litre on petrol and Rs 2.94 a litre on diesel on May 1.

Brigade Enterprises: Realty firm Brigade EnterprisesBSE -0.39 % on May 16 reported a 20 percent increase in its consolidated net profit at Rs 41 crore for the quarter ended March.

Tata Coffee: The Tata group firm posted 12.55 per cent fall in consolidated net profit to Rs 34.47 crore in fourth quarter of the 2015-16 fiscal due to higher expenses.

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