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Top Ten Stocks to be Focused for 23 June 2016

Top Ten Stocks to be Focused for 23 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:

NTPC: The government will sell 2.06 crore shares in NTPCBSE -2.96 % to eligible employees at a price of Rs 115.90, a 5 per cent discount to the price of Rs 122 at which the government sold 5 per cent stake in the power generator in February.

Reliance Power: The coal ministry has issued a show-cause notice to Anil Ambani-led Reliance PowerBSE -1.85 %, seeking an explanation on the delay in development of coal blocks attached to the abandoned Tilaiya ultra mega power project (UMPP).

KEC International: KEC International Ltd has submitted to BSE a copy of Press Release dated June 22, 2016 titled “KEC InternationalBSE 4.18 % wins orders of Rs. 1,036 Crore.

GMR Infrastructure: The Income Tax department carried out searches in half-a-dozen cities in connection with its probe in the alleged financial irregularities and suspected tax evasion in the DIAL-AAI deal relating to the Indira Gandhi International Airport (IGIA) here.

Amtek Auto: Markets regulator Securities and Exchange Board of India (Sebi) plans to seek detailed explanation from credit rating agencies CRISILBSE -0.92 % and Care Ratings over suspension of rating in the case of beleaguered Amtek AutoBSE -0.42 %

DLF: Global investors that have submitted expressions of interest for acquiring a stake in realty firm DLF Ltd’s rental arm include both sovereign wealth funds such as Government of Singapore Investment Corp, said a media report.

GAIL India: The nation’s biggest gas transporter said it has awarded Rs 550 crore worth of contracts for laying part of ‘Urga Ganga’ gas pipeline from Phulpur in Uttar Pradesh to Haldia in West Bengal.

Sun Pharma: Sun Pharma told the stock exchanges that its board will hold a meeting on June 23, 2016 for evaluating a proposal of Buy Back of Equity Shares of the Company.

Defence stocks: Defence minister Manohar Parrikar is set to discuss projects worth over Rs 1 lakh crore, including critical purchases like armed unmanned aerial vehicles (UAVs), an advanced air defence system, carbines for the Army and a range of vessels for the Navy.

Textile stocks: The government has announced a Rs6,000-crore package for the textiles and apparels sector to help it wrest a bigger share of the global market. The package also provides the sector more flexible labour laws and financial incentives.

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