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Top Ten Stocks to be Focused for 7 July 2016

Top Ten Stocks to be Focused for 7 July 2016

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

ICICI Bank: ICICI BankBSE 0.45 % will seek shareholder approval to raise up to Rs 25,000 crore by selling bonds and debentures, the private sector lender said in a filing to the Bombay Stock Exchange (BSE).

NTPC: Employees offered its employer, NTPCBSE -0.98 %, Rs 202 crore for a 5% stake sale that was subscribed 85% on Tuesday. The lowest cut-off for the offer was Rs 122 per equity share.

JSW Steel: India Ratings and Research (Ind-Ra) said it has downgraded JSW SteelBSE 0.04 %’s long-term issuer rating besides downgrading company’s Rs 86.35 billion non-convertible debentures (NCDs).

HCL Infosystems: Owing to the company’s continued poor financial performance India Ratings and Research has downgraded HCL InfosystemsBSE -0.24 % Limited ratings.

Srei Equipment Finance on Tuesday said that Brickwork Ratings has upgraded its rating to BWR ‘AA+’ with a stable outlook from BWR “AA” for its non-convertible debentures (NCDs) aggregating to Rs 2,130 crore.

JK Paper Ltd: JK Paper Ltd said it has made a non-binding offer to acquire two units of Avantha Group firm BILT Graphic Paper Products Ltd (BGPPL).

CESC: RP Sanjiv Goenka Group flagship CESC LtdBSE 1.33 % has secured a term loan of Rs 712 crore from four banks towards meeting capital expenditure and retiring long-term debt.

PNB: PNBBSE 3.34 % Housing Finance, the Housing Finance arm of public sector lender Punjab National BankBSE 3.34 % has submitted a draft red herring prospectus in the run-up to its planned initial public offering (IPO).

Bank of Baroda: Bank of Baroda for the first time is set to offer rating-based lending to retail mortgage loan seekers, which involves giving loans based on credit scores and not a uniform rate irrespective of the credit quality.

Axis Bank: The Cabinet Committee on Economic Affairs has cleared the proposal of Axis BankBSE 0.82 % to increase the foreign shareholding limit to 74 per cent from 62 per cent now. It would lead to foreign of about Rs 13,000 crore.

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