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Ten Stocks to be Focus on 10 March 2016

Ten Stocks to be Focus on 10 March 2016

The Indian market is expected to open higher on Thursday tracking positive trend seen in other Asian markets.

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

Mphasis: Tech MahindraBSE 1.45 % is leading the race with an aggressive offer to acquire IT company MphasisBSE 1.42 %, put on the block by majority shareholder Hewlett-Packard (HP). But Mphasis’ senior management may align with a competing offer from a private equity buyout fund, turning this billion-dollar sale process into an interesting duel.

Infosys Ltd: Infosys Shareholders to offer 7.5m shares at Rs 1,149.0-1,178.5 each in a block deal. Selling Shareholders include names like S Gopalakrishnan (5mm shares), S D Shibulal (1mm shares), Kumari Shibulal (1mm shares), and Shruti Shibulal (0.5mm shares).

Bajaj Auto Ltd: Bajaj Auto Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 09, 2016, has considered and declared an interim dividend at the rate of Rs.50 per equity share of Rs. 10 each, for the financial year ending March 31, 2016.

ONGC: Oil & Natural Gas Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 09, 2016 have approved 2nd Interim Dividend of Rs. 0.75 per equity share of Rs. 5 each, for the financial year 2015-16.

BHEL: Credit rating agency CRISILBSE -0.19 % on Wednesday lowered its rating of long-term bank facilities of Bharat Heavy ElectricalsBSE -0.74 % Limited ( BHELBSE -0.74 %) citing constrained business risk profile of the capital goods player.

Kotak Mahindra Bank Ltd: The Reserve Bank of India has allowed overseas investors to buy stake in Kotak Mahindra BankBSE 0.61 % as foreign shareholding in the private bank has come below the prescribed limit.

Coal India Ltd: Amid a strike call by Coal India worker unions, the company management is likely to meet the protesting unions next week over the issue.

ICICI Bank Ltd: Moody’s Investors Service affirmed its ratings on ICICI BankBSE 0.62 % due to the healthy capital adequacy of the country’s largest private sector lender despite some reverses on asset quality.

Crompton Greaves Ltd: JPMorgan maintain overweight stance on the stock and has also raised its 12-month target price to Rs 165 from Rs 153 earlier.

Gammon India Ltd: Gammon India allotted 1.87 cr shares to 3 lenders at Rs 11.89 per equity share aggregating to Rs 22.26 crore to three CDR lenders on conversion of part of their outstanding loan and interest into equity shares.

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