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Top Ten Stocks to be Focused for 23 August 2016

Top Ten Stocks to be Focused for 23 August 2016

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

Future Enterprises: Kishore Biyani-led Future Group is in early discussions with Aditya Birla Retail (ABRL) to buy or merge the latter’s More supermarket business to consolidate its leadership in the brick-and-mortar retail sector and to build a large network of stores that could be leveraged in alliance with ecommerce companies for multi-channel sale of food and groceries.

Pfizer: Pfizer Inc, beating out numerous other bidders, said it would buy U.S. cancer drug company Medivation Inc for $14 billion in cash, adding its blockbuster prostate cancer drug Xtandi to the company’s growing oncology roster.

Birla Corporation: Birla Corporation on Monday said it has completed acquisition of Anil Ambani’s cement business, a wholly-owned arm of flagship Reliance Infrastructure, for an enterprise valuation of about Rs 4,800 crore.
HPCL: Higher sales volume, stable refining margins and a substantial increase in inventory gains helped Hindustan Petroleum Corporation LtdBSE -3.10 % (HPCL) report a 30 per cent rise in its net profit for the first quarter of 2016-17.

Bharti Airtel: Reliance IndustriesBSE -0.25 %, India’s largest conglomerate, has asked its 40,000-plus employees to stop using phones connections of existing operators, like AirtelBSE -0.09 % Vodafone, and instead switch to its own high-speed 4G Jio.

HDFC: Weeks after India’s largest mortgage lender sold out its first issuance of rupee-denominated debt to overseas buyers, it’s planning to raise another Rs 2,000 crore through the same route, underscoring a trend that’s gaining momentum.

Reliance Industries Limited: R IL on Monday sought quashing of an FIR against it on alleged irregularities in raising the price of gas from KG 6 basin, telling Delhi High Court that the AAP government was “never entitled” to lodge an FIR against it, said a media report.

SpiceJet: SpiceJet will start flights to Silchar and Aizawl from October as the budget airline looks to boost air connectivity in the North East region.

Shree Renuka Sugars Ltd : The company has posted a net profit of Rs.3.2 crore for the quarter ended June 30, 2016 as compared to net loss of Rs.150.2 crore for the quarter ended June 30, 2015.

MEP Infrastructure Developers Ltd : The company informed BSE that it has received the Letter of Acceptance (LOA) from NHAI informing that MEP has been engaged as the Contractor for the Project of 346.100 Kms in Jharkhand.

ransport Corporation of India & Infibeam: Top bourse BSE has decided to drop Transport Corporation of India (TCI) from its indices from August 26, as the logistics firm is demerging its express distribution business into a wholly-owned subsidiary. The company would be replaced by Infibeam Incorporation Ltd on S&P BSE 500 from August 26.

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