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Top Ten Stocks to be Focused for 5 July 2016

Top Ten Stocks to be Focused for 5 July 2016

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

JP Associates: UltraTechBSE 0.99 % will now pay Rs 16,189 crore to buy Jaypee Group’s cement operations that have a total capacity of 17.2 million

tonnes per annum (MTPA) spread across Uttar Pradesh, Madhya Pradesh, Himachal Pradesh, Uttarakhand and Andhra Pradesh.

L&T: L&T Infotech said it is targeting to double its revenues in the next three to four years through acquisitions and organic growth.

Fertiliser stocks will be in focus: In a move to promote the balanced use of fertilizers and reduce the overuse of urea, the government on Monday cut retail prices of non-urea based fertilizers by up to Rs.5,000 per tonne, said a media report.

Bhushan Steel: Bhushan Steel will shut its diversified unit at Dhenkanal in Odisha for 20 days as the steelmaker plans to expand its hot-strip product capacity to 5 million tonnes a year, from 4 mt currently, the company said in a statement to the exchanges on Monday.

Dabur India: Dabur is launching fruit-based carbonated drinks to cater to customers wanting fizzy beverages without feeling guilty about consuming them.

Maruti Suzuki, M&M, Tata Motors: Supreme Court reserved its verdict on petitions seeking modification in order banning registration of diesel-run SUVs and high-end cars with engine capacity of 2000CC and above in Delhi and NCR.

Tata Teleservices (Maharashtra): Tata Teleservices is gradually shutting its CDMA operations running on the 850 Mhz band and writing off its equipment value, said three people familiar with the company’s plans.

ICICI Bank: India’s second largest lender ICICI has managed to rid itself of all term loans to Essar SteelBSE 0.41 %. The private bank has dumped the loans it had given to the company to a stress asset firm.

IDBI Bank: IDBI Bank Limited had informed the Exchange that the Register of Members and share transfer books of the company shall remain closed from July 15, 2016 to July 22, 2016 (both days inclusive) for the purpose of Annual General Meeting of the Company scheduled to be held on July 22, 2016.

Grasim Industries Ltd: With reference to the earlier letter dated June 04, 2016 wherein the Company had informed about suspension of production at the Company’s Staple Fibre Plant at Nagda, the company has announced that with the onset of monsoon, the availability of water has improved and accordingly the operations have resumed in a phased manner, with immediate effect.

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