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Top Ten Stocks to be Focused for 29 June 2016

Top Ten Stocks to be Focused for 29 June 2016

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

DLF: Billionaire KP Singh and his family have decided to wipe out DLF Ltd’s debt in a two-step transaction. They will pump Rs 10,000 crore into India’s largest real estate developer by purchasing shares in a preferential issue with funds raised from the sale of their stake in the company’s rental unit.

Axis Bank: India’s third largest private sector lender Axis BankBSE 0.23 % has forayed into Urban Microfinance segment and will now provide collateral free credit facilities to low-income women groups.

SBI: State Bank of IndiaBSE 0.79 % will sell non-core investments of around Rs 3,000 crore to shore up its capital. Despite the challenges that SBI faced last financial year, the bank is well capitalised to “absorb future shocks” and maintain future growth trajectory.

Thomas Cook: Thomas Cook India will remain in focus, as Quess Corp will hit the capital markets on Wednesday to raise about Rs 400 crore through an initial public offering.

IL&FS Transportation: The company said it has increased its stake in Noida Toll Bridge CompanyBSE 3.03 % (NTBCL) to Rs 26.37 per cent following transfer of 1.02 per cent stake by the promoters to it.

Bosch: Auto component major Bosch’s board will consider on July 1 launching a buyback offer for its equity shares. A meeting of the board of directors of the company will be held on July 1, to consider a proposal for buyback of the company’s equity shares.

Sobha: Sobha Limited will launch its first luxury apartment project, Sobha City in Delhi-NCR tomorrow,Wednesday, June 29th, 2016. The project is one of the largest group housing projects in Gurgaon which will offer best-in-class living experience to the customers.

Eros International: Eros International Plc, a leading global company in the Indian film entertainment industry, reported financial results for the fourth quarter and fiscal year ended March 31, 2016, said a media report.

Motilal Oswal Financial Services: The domestic brokerage firm said that it plans to raise Rs 1,000 crore on a private placement basis. It will seek shareholders’ approval to raise the capital at its annual at its annual general meeting to be held on July 21.

Canara Bank: The bank said that it will seek shareholders’ approval in the ensuing Annual General Meeting in July to raise Rs 2,000 crore to create capital buffer.

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