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Top Ten Stocks to be Focused for 23 May 2016

Top Ten Stocks to be Focused for 23 May 2016

The Indian market is expected to open flat on Wednesday tracking muted trend seen in other Asian markets.

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

Cadila Healthcare Ltd: Drug maker Cadila Healthcare LtdBSE 0.56 % on Tuesday said it has received a Notice of Concern (NoC) or warning from the World Health Organisation (WHO) for violations of good manufacturing practices at its vaccine plant in Moraiya in Sanand district of Gujarat.

Tata Chemicals Ltd: Tata Chemicals said it has temporarily shut down its fertiliser plant at Babrala in Uttar Pradesh for about 30 days due to regular maintenance work.

SBI: The country’s largest lender, SBI, said it has raised Rs 500 crore from issue of bonds on a private placement basis.

United Breweries Ltd: Financial services firm ECL Finance has invoked 7.05 lakh shares worth about Rs 56.63 crore of embattled liquor baron Vijay Mallya-led United Breweries LtdBSE 1.48 % (UBL) pledged by UBL promoter group firm Kamsco Industries Pvt Ltd.

Polaris Consulting & Services: Technology outsourcing company Virtusa has acquired nearly half of 26% stake in Polaris Consulting & Services via open offer. A BSE filing showed that Virtusa had acquired 55.43% or 1.48 crore of the total shares that it is mandated to acquire via open offer.

IDFC Bank & Ricoh IndiaBSE -0.52 % Ltd: Newest private sector lender IDFC Bank would replace printing and IT solutions firm Ricoh India BSE’s S&P 500 index, from March 28.

Williamson Magor & Company Ltd: The BM Khaitan-controlled Williamson MagorBSE 1.59 % Group’s engineering arms and transmission tower maker EMC Ltd are being merged to create a giant engineering joint venture with a turnover of Rs 6,000-7,000 crore.

Maruti Suzuki Ltd: MSIL said that it has received 20,000 bookings for its compact sports utility vehicle Vitara Brezza within a fortnight of launch on March 8.

BPCL: Bharat Petroleum Corporation (BPCL), India’s second biggest state refiner, plans to spend about Rs 10,000 crore in 2016-17 to expand and upgrade its refining capacity and augment its marketing infrastructure, its finance chief has said.

Suzlon Ltd: Power sector veteran and former Anil Ambani aide JP Chalasani is in the process of exiting Punj LloydBSE 0.44 % and is making a re-entry into the power sector, albeit in the renewable space, by joining wind energy company Suzlon EnergyBSE -0.30 %, according to people close to the development.

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