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Top Ten Stocks to be Focused for 2 June 2016

Top Ten Stocks to be Focused for 2 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:

Coal India: A difference of opinion with Coal India BSE 1.08 % over share buyback has led the government to form an inter-ministerial group to discuss the pros and cons of the proposal as well as the optimum quantum.

Reliance Industries Ltd: RIL will invest $16 million (about ?108 crore) in San Diego-headquartered NetraDyne Inc, a tech start-up that is yet to commence commercial operations, said a media report.

Public Sector Banks: Several lenders, including SBI, Punjab National Bank BSE -0.46 %, ICICI Bank BSE -0.25 % and Canara Bank BSE -0.63 %, revised their marginal cost of funds-based lending rates (MCLR) for June by up to 0.15 per cent for one-year tenor.

Amtek Auto Ltd: The auto parts maker that defaulted on bond payments last year, will sell a “significant” stake to financial investors to infuse capital into the business and pare debt, said a media report.

TVS Motor Company: The two-wheeler maker said that its total two wheeler sales increased by 13 per cent to 238,320 units in May 2016 from 210,843 units recorded in May 2015.

Punj Lloyd: A UK court has asked infrastructure major Punj Lloyd BSE -3.95 % to pay $26 million to International Finance Corporation (IFC) for their claims.

ZEE Learn: Zee Learn has decided not to go ahead with Tree House Education BSE -1.63 % deal. After January-March quarter results, ZEE Learn BSE 2.08 % had said that it was re-evaluating the merger plans, said a media report.

South Indian Bank: Private sector South Indian Bank BSE 0.80 % said it proposes to raise up to Rs 500 crore from bonds to fund business expansion.

Axis Bank: Axis Bank on June 01, 2016, allotted Senior Fixed Rate Green Bonds aggregating to USD 500,000,000 (USD Five Hundred Million only) under the MTN Programme through its Dubai International Financial Centre (DIFC) branch. The notes will be listed at the Singapore Stock Exchange and London Stock Exchange.

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