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Top Ten Stocks to be Focused for 28 Sept 2016

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

Infosys: Infosys dismissed suggestions that the company’s founders interfered in the administration of a severance contract with its former chief financial officer though it declined to give specifics on whether the severance payments were stopped.

Dilip Buildcon: The National Highways Authority of India (NHAI) has awarded four laning of 127 km of national highway stretch between Lucknow and Sultanpur to Dilip Buildcon. The project  would be constructed at the cost of Rs 2,845 crore.

Max India : Max India Ltd said it has received shareholders’ approval for amalgamation of Max Life Insurance Company with Max Financial Services as also the demerger of insurance business for transfer to HDFC Standard Life Insurance Company.

Cipla: Cipla, ranked third in the $17-billion Indian pharmaceutical market after Sun Pharma and Abbott, is setting its eyes on reaching a billion dollar sales mark, backed by new drug launches from its own research labs and a slew of partnerships with multinational and Indian drug firm.

Jet Airways: Jet Airways is forming an extensive transatlantic venture with Air France-KLM and US carrier Delta Air Lines, as the now-profitable Indian airline charts its own global expansion plans exclusive of those in alliance with its powerful shareholder partner, Etihad Airways.

Motherson Sumi: Reserve Bank has allowed foreign investors to hike their stake in Motherson Sumi Systems to up to 30 percent from 24 percent earlier.

Manpasand Beverages: Manpasand Beverages QIP issue opens today, reports ETNow. The floor price of QIP is set at Rs 716.09 per share. The indicative price band is likely to be placed at Rs 700-705 per share.

Balaji Telefilms: Balaji Telefilms announced that the Board of Directors of the Company at its meeting held on 27 September 2016 has considered and approved a composite scheme of arrangement between the Company and its wholly owned subsidiaries viz. Balaji Motion Pictures and Bolt Media and their respective shareholders and creditors.

M&M: Mahindra and Mahindra (M&M) on Tuesday announced its SUV Scorpio with Intelli-Hybrid technology for the Delhi and NCR market, at a starting price of Rs 9.35 lakh (ex-showroom).

Coal India: Coal India’s buyback offer will open next week on October 3 and would remain open till October 18. The company plans to buy back 1.7 per cent (10.89 crore) fully paid up equity shares at Rs 335 per share totalling Rs 3,650 crore.

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