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Ten Stocks in focus in Wednesday morning trade

Ten Stocks in focus in Wednesday morning trade

The Indian market is expected to open flat on Wednesday tracking muted trend seen in other Asian markets.

Here is a list of Top Ten Stocks that are likely to be in focus today:

Axis Bank: Axis BankBSE -1.74 %, the third largest private sector bank in India, reported a standalone net profit of Rs.2,154.28 crore for the quarter ended March 31, 2016, registering a decline of 1.21% YoY and 0.97% QoQ.

NHPC: In the first disinvestment of current fiscal, the government will sell 11.36 per cent equity shares in electricity generator NHPC LtdBSE -5.86 % on Wednesday at Rs 21.75 apiece to raise about Rs 2,700 crore.

Bharti Airtel: The telecom major is expected to report 10.03 per cent growth in net profit to Rs 1232.4 crore for the quarter ended March 31, compared to Rs 1120 crore reported in the year-ago period, said an ET Now poll.

Bharti Infratel: Bharti Infratel, India’s only listed telecom tower firm, Tuesdaysaid its net profit rose 19% on-year in the fiscal quarter to March 2016, as mobile carriers invested aggressively in 3G and 4G network, expanding installations three times amid surging data consumption.

Biocon Ltd: The Bengaluru-based company posted a net profit of Rs383.8 crore in the fiscal fourth quarter, compared with Rs216.8 crore a year earlier, a jump of 77 per cent YoY.

GTL Infrastructure: The telecom tower firm GTL InfrastructureBSE -3.91 % said its standalone net loss has narrowed down to Rs 92.75 crore in the March quarter.

Mahindra Lifespace Developers: The company has reported 59% on-year growth in consolidated net profit at Rs 49 crore for the quarter ended March. Consolidated total income for the quarter rose 5% from a year ago to Rs 282 crores, the company said in its earnings release.

Sun Pharma: The Indian Council of Medical Research will collaborate with pharmaceutical company Sun PharmaBSE -0.36 % on the development of drugs and other treatment strategies that affect the country at the same proportion as malaria, said the council’s director general Soumya Swaminathan.

Jindal Steel and Power Ltd: Sajjan Jindal’s JSW EnergyBSE 1.03 % looks set to acquire a 1,000 Mw power plant in Raigarh, Chhattisgarh from Jindal Steel and Power LtdBSE 4.44 %, controlled by his younger brother Naveen, in a deal that involves the takeover of the project’s debt.

Raymond: Diversified group RaymondBSE 5.72 % reported over a twofold jump in consolidated net profit at Rs 56.22 crore for the fourth quarter ended March 31, on account of revenue growth and profitability from lifestyle business.

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