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Top Stocks to be Focused for 3 Feb 2017

Top Stocks to be Focused for 3 Feb 2017

Ashok Leyland: Hinduja Group flagship Ashok Leyland BSE -0.63 % opened a new assembly plant in Bangladesh as it aims to make further inroads into the neighbouring country. Built over a period of 15 months in Dhaka, the plant is spread over an area of 37 acres and is a joint collaboration between Ashok Leyland and IFAD Autos Limited, Bangladesh.

Subros: SubrosBSE 3.98 % has received another major order of 306 kits from Indian Railways- Diesel Locomotive Works (DLW), Varanasi for which supplies are to be executed. The company has made efforts for developments of products to meet DLW’s and CLW’s requirements & expects continued business from Indian Railways in future also.

Sun TV: A special court on Thursday discharged former Telecom Minister Dayanidhi Maran, his brother Kalanithi Maran and others in the Aircel-Maxis deal cases lodged by CBI and the Enforcement Directorate (ED). Global brokerage house CLSA upgrade Sun TVBSE 26.20 % from ‘Buy’ to ‘Sell’ with a target price of Rs 661 from Rs 438 earlier.

AstraZenecaBSE 2.77 % Pharma: Drug firm AstraZeneca PharmaBSE 2.77 % on Thursday reported an 84.08 per cent increase in its standalone net profit at Rs 15.96 crore for the third quarter ended December. The company had reported a net profit of Rs 8.67 crore in October-December quarter a year ago.

BSE Ltd: Shares of BSE will list on rival National Stock Exchange NSE on Friday. The issue was opened for subscription from Jan 23 to 25.

Axis Bank: Private sector Axis BankBSE 0.32 % will raise $10 million (about Rs 67 crore) by issuing floating rate bonds from its Dubai International Financial Centre (DIFC) branch.

GlenmarkBSE 4.98 % Pharmaceuticals: For the third quarter ended December 31, 2016, the company reported a net profit of Rs 477.03 crore against Rs 196.17 crore in the corresponding quarter last year.

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