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Top Ten Stocks to be Focused for 22 April 2016

Top Ten Stocks to be Focused for 22 April 2016

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

Reliance Industries Ltd: The net profit is expected to report 2 per cent quarter-on-quarter (QoQ) fall in consolidated net profit to Rs 7,125 crore for the quarter ended March 31. The oil & gas major reported a net profit of Rs 7,290 crore reported in the previous quarter.

Cairn India: Cairn India is expected to narrow its net loss to Rs 92 crore for the quarter ended March 31 compared to Rs 240 crore reported in the year-ago period.

HDFC Bank: The private sector bank is expected to report 20.1 per cent YoY growth in the net profit to Rs 3370 crore for the quarter ended March 31, compared to Rs 2806 crore reported in the year-ago period.

Supreme Industries: Plastic products maker Supreme IndustriesBSE 1.16 % has reported 12.06 per cent rise in consolidated profit to Rs 114.56 crore for its third quarter ended March.

Tata Steel Ltd: The UK government is ready to take a minority stake of as much as 25% in Tata Steel’s UK business to support the sale and offer hundreds of millions of pounds in debt relief, as it makes an urgent bid to stop the Britain’s largest steelmaker from shutting down.

Dhanlaxmi Bank: The bank has decided to implement pricing of all rupee loans and advances linked to Maginal Cost of Funds based lending rates with effect from April 1, 2016.

NMDC: The government is planning to sell 10% of its stake in iron ore mining company NMDC LtdBSE -1.91 % through an offer for sale, according to a notification on the website of the department of divestment, said a media report.

Sanghi Industries: Piramal Enterprises today said it has invested Rs 256.5 crore in Sanghi IndustriesBSE 6.40 % by subscribing to the cement maker’s non-convertible debentures.

Dewan Housing Finance Ltd: Dewan Housing FinanceBSE 1.46 % Ltd is in talks to acquire Andromeda Sales and Distribution Pvt. Ltd, one of the largest distributors of loans, mortgage, financing and financial instruments in India, said a media report.

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