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Top Ten Stocks to be Focused for 25 July 2016

Top Ten Stocks to be Focused for 25 July 2016

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

Axis Bank: Private player Axis BankBSE -1.93 % reported 21 per cent decline in net profit at Rs 1,555.5 crore for the first quarter of the current fiscal on account of rise in bad loans.

RIL: Reliance Industries and its partner BP plc of UK have invested over Rs 4,500 crore in the flagging eastern offshore KG-D6 block to maintain gas output at current level despite the steep natural decline that has set in in the seven-year old fields.

IOC: Indian Oil Corporation (IOC) is in talks to buy debt-laden Gujarat State Petroleum Corp’s (GPSC) stake in the under-construction Rs 4,500 crore Mundra LNG import terminal in Gujarat.

IL&FS Engineering and Construction Company: The company said that it has won the Rs 532.67-crore contract from Nagpur Rail Corporation.

PNB: PNB Housing Finance, which has set the ball rolling for a Rs 2,500-crore IPO, is looking to take its growth to the next level with a pan-India expansion to meet surging demand from tier-II and tier-III cities, a top company executive said.

Sanofi India: Drug firm Sanofi India reported a 32.86 per cent rise in standalone net profit at Rs 85.3 crore for the second quarter ended June 30, 2016.

M&M Financial Services: Mahindra & Mahindra Financial Services (Mahindra Finance) has reported a marginal rise in consolidated net profit at Rs 107.64 crore for the first quarter ended June 30.

Vedanta & Cairn India: Vedanta and Cairn IndiaBSE 0.49 % have sweetened the deal for shareholders to make way for the merger of the latter with the parent company which has faced delays due to key shareholders expressing concerns over the  valuations.

Rallis India: Tata group’s agri-input firm RallisBSE 4.92 % India reported four-fold jump in consolidated net profit at Rs 174.20 crore for the quarter ended June 30, 2016.

Euitas Holdings: Financial services provider Equitas Holdings reported 64 per cent jump in consolidated net profit at Rs 61.2 crore for the first quarter of 2016-17 financial year.

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