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Top Stocks to be Focused for 23 Nov 2016

Top Stocks to be Focused for 23 Nov 2016

Larsen & Toubro: Larsen & Toubro on Tuesday reported a 84 per cent jump in its consolidated net profit to Rs 1,435 crore for the quarter ended September 30 as compared to Rs 778 crore in the same period last year.

Canara Bank: Canara Bank plans to sell a portion of its 43 per cent stake in arm Can Fin HomesBSE -2.39 % as part of the government’s diktat asking public sector banks look to sell their noncore businesses.

Birla Corporation: Birla Corporation, the flagship company of the MP Birla Group, on Tuesday reported an over two-fold jump in standalone net profit at Rs 58.43 crore for the second quarter ended September 30, 2016. It had registered a net profit of Rs 23.20 crore in the year-ago period.

EIH Ltd: The company that runs hotels and resorts under Oberoi and Trident brands said it plans to delist its global depository receipts from the London Stock Exchange in February 2017.

UltraTech Cement: The company on Tuesday said the Competition Appellate Tribunal (COMPAT) has granted a stay on an order passed by the fair trade regulator Competition Commission of India (CCI) against the company on deposit of 10 per cent of the penalty amount.

A2Z Infra Engineering: A2Z Infra EngineeringBSE -4.67 % infomred bourses that its subsidiary company A2Z Green Waste Management has, on November 19, agreed to a framework with one of its lenders for a settlement of its various debt obligation aggregating to Rs 416.18 crore.

Bharti Airtel: The telecom major on Tuesday said its customers in the city could face some “teething issues” over the next few days as the country’s largest telecom operator upgrades its 3G network.

Reliance Industries: CAG has pulled up the Income Tax department for giving benefit of Rs 1,767 crore to the port and terminal arm of Reliance Industries by allowing deductions meant for public facilities to the company’s captive jetties.

Britannia Industries: FMCG major Britannia Industries is aiming to double its turnover in the next four to five years and also planning to expand presence overseas in a big way as part of its growth strategy.

Gujarat Industries Power Company: The company has informed bourses that two more wind turbine generators of 2.1 mw each have been commissioned by GIPCL at the Nakhatrana Wind Farm Site in Gujarat.

Results Today: Jindal StainlessBSE -0.14 %, Lloyd Electrical, PC Jeweller, Siemens and Solar IndustriesBSE -2.13 % will announce their financial results for the quarter ended September 30, 2016 on Wednesday.

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