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Top Ten Stocks to be Focused for 3 June 2016

Top Ten Stocks to be Focused for 3 June 2016

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

Hindustan Unilever: HUL BSE 1.03 %, the country’s largest consumer goods company, has separated its food & beverages business into two divisions. This is the second such separation of segments in nearly two years at HUL.

Tech Mahindra: IT major Tech Mahindra on Thursday said it has bagged a $75 million (over Rs 504 at $1 is equal to Rs 67.29) contract from Nevada’s Department of Motor Vehicles (DMV) as the prime integrator for a system modernization project.

Electrosteel Steels: Promoters of Electrosteel Steels BSE 0.00 %, at risk of losing the company to banks after defaulting on Rs 10,000 crore in loans, have asked lenders to reschedule of the loans and halt the process of taking control as higher steel prices in the past few months has helped them report net profit in the fourth quarter for the first time in five years

Tata Steel: A huge blaze involving thousands of litres of oil broke out at a Tata Steel plant in the UK today but there were no reports of any injuries, said a media report.

Jyothy Laboratories Ltd: German consumer goods major Henkel AG that exited bulk of its India business five years ago by selling the unit to Jyothy Laboratories Ltd BSE -0.29 % has the option to buy as much as 26% stake in the Indian firm by March 2017, said a media report.

NMDC: NMDC is considering a buyback of fully paid-up equity shares of the company of face value of Rs 1 each. A meeting of the board of directors of the company will be held on June 7 to decide on the proposal, said a media report.

RIL: In what looks like the first step toward the long-awaited commercial launch of 4G, Reliance Jio has begun selling its Lyf smartphones with SIM cards enabled for the high-speed service in India’s bigger cities.

M&M: Utility vehicle major M&M expanded its zero emission electric vehicle range with the launch of eVerito, its first electric sedan, said a media report.

Asian Paints: Brokerage CLSA said Asian Paints BSE 0.16 % is now an ‘expensive diamond’ after the market capitalisation of the company inched closer to the Rs 1 lakh crore mark.

Yes Bank: Private sector Yes Bank is likely to raise USD 1 billion from overseas investors in the current fiscal as it has recently got government approval for increasing foreign investment to 74 per cent.

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