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Top Ten Stocks to be Focused for 27 May 2016

Top Ten Stocks to be Focused for 27 May 2016

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

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

SBI : The public sector bank is expected to report 51 per cent YoY fall in the net profit to Rs 1840 crore for the quarter ended March 31 compared with 3742 crore reported in the year-ago period, said an ET Now Poll.

Power Grid: The state-run company posted a 13.2 per cent jump in standalone net profit at Rs 1,599.05 crore for the March quarter on higher revenues from power transmission business.

Torrent Pharma: Ahmedabad-based Torrent Pharma is in advanced talks to buy bulk drugs supplier Glochem Industries for about Rs 300 crore, people aware of the development said.

RPG Life Sciences Ltd: Part of the Harsh Goenka-led RPG Group, has decided to sell its biotech unit to Intas Pharmaceuticals Ltd for an unspecified amount, said a media report.

Bharat Petroleum Corporation Ltd: BPCL BSE 9.13 % on Thursday reported a net profit of Rs 2,549 crore for the March 2016 quarter, down over 10 per cent YoY compared with Rs 2,852 crore reported in the corresponding period last year.

Jet Airways: Jet Airways posted its first annual net profit after eight years and its fourth straight quarterly net profit helped by lower fuel expenses and its own cost control measures.

Sun Pharma: Sun Pharmaceutical Industries said the umbrella pact and transcation agreements signed with Daiichi Sankyo and its overseas subsidiaries have been terminated due to divestment of Ranbaxy BSE 5.63 % by the Japanese firm.

ONGC: Oil and Natural Gas Corporation’s fourth quarter profit jumped 12% mainly on reversal of impairment loss as well as lower provisioning for dry wells.

Coal India: CIL intends to export coal and is in talks with power companies in Bangladesh for striking supply deals. This is for the first time CIL BSE 0.71 % would be exporting the fossil fuel on a commercial basis.

Tata Chemicals: The company reported a net profit of Rs 242.24 crore for the quarter ended March as against a net loss of Rs 74.17 crore in the year-ago period.

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