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Top Ten Stocks to be Focused for 29 August 2016

Top Ten Stocks to be Focused for 29 August 2016

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

L&T: Larsen & Toubro has sharpened its focus on Southeast Asia and Africa to make up for the slowdown in West Asia, changing its overseas strategy amid likelihood of low crude oil prices continuing to weigh on investment plans of oil-rich nations.

Infosys: Infosys has borrowed a leaf from rival Tata Consultancy ServicesBSE -2.10 %’ playbook by deciding to split its business into smaller units, which will be managed by the company’s next rung of management.

Procter & Gamble Hygiene and Health Care: FMCG firm Procter & Gamble Hygiene and Health Care reported an increase of 2.15 per cent in its net profit at Rs 109.40 crore for the quarter ended June 30, 2016.

ONGC: State-owned ONGC has hired US-based consultant Ryder Scott to assess natural gas reserves in Gujarat State Petroleum Corp’s (GSPC) Deendayal block before deciding to buy a stake in it.

Claris Lifesciences : Drug firm Claris Lifesciences has received approval from the US health regulator for generic Flumazenil injection used for reversal of the sedative effects of benzodiazepines in the America market.

GMR Infrastructure : GMR Airports Limited, a subsidiary of GMR Infrastructure Limited has won the competitive bid for development and operation of the Rs 3,000 crore Mopa Greenfield Airport in North Goa.

Bharat Forge: Indian auto components manufacturer Indian auto components manufacturer Bharat Forge has acquired 64,000 shares of its wholly owned step down UK subsidiary – Bharat Forge International (BFIL), from Bharat Forge Global Holding GMBH, for USD 4,544,o00 (around Rs 30 crore).

Alankit Ltd: Alankit Ltd has informed BSE that the Board of Directors of the Company approved the increase in Authorised Share Capital of the Company from Rs. 10 crores to Rs. 20 crore and issue of Bonus Shares in the proportion of 1:1.1, said a media report.

Pratibha Industries: Pratibha Industries reported loss of Rs 30.1 crore for the quarter ended June 30 compared with Rs 16.4 crore loss reported in the year-ago period.

Apollo Hospitals: Apollo Gleneagles, a part of Apollo Hospitals group, will invest Rs 300 crore to increase the number of beds in the next three years.

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