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Top Stocks to be Focused for 30 Dec 2016

Top Stocks to be Focused for 30 Dec 2016

IFCI: Term lender IFCIBSE -1.61 % on Thursday said it has proposed to sell around 0.8 per cent stake in National Stock Exchange (NSE).

Golden Tobacco: Dalmia Group firm Golden Tobacco LtdBSE 4.69 % said that it has received notice from consortium of banks led by Canara BankBSE 2.18 % for one of its property situated at Guntur

Tata Power: Mehli Mistry, the promoter of M Pallonji and Co, has acquired 2.57 crore shares of Tata Power, in what’s seen as a bid to counter cousin Cyrus Mistry, the ousted chairman of Tata Sons.

Petronet LNG: According to media reports, Petrobangla on Thursday signed an initial agreement with Petronet to set up an LNG re-gasification terminal on Kutubdia Island and a pipeline at an estimated cost of $950 million. Petrobangla is a government owned oil company of Bangladesh.

Lakshmi Vilas Bank: Private sector Lakshmi Vilas BankBSE -0.46 % said it has launched QIP to raise over Rs 599.88 crore by issuing 4.25 crore shares in domestic or international markets.

Earnings Today: IndosolarBSE 2.78 % and Shrenuj & Company will announce their financial results for the quarter ended September 30, 2016 on Friday.

Jagran Prakashan: The company on Thursday informed exchanges that the meeting of the board of directors is scheduled to be held on Jan 5, to consider the proposal for buyback of shares.

RS Software: RS Software has announced that the company has made further investment of Rs 5,90,00,000 in Paypermint Private Limited, its wholly owned subsidiary for allotment of 59,00,000 equity shares of 10 each.

Tree House Education: The company has informed exchanges that a meeting of the board of director is scheduled to be held on Fridayto consider and approve appointment of Suraj Manghnani as an additional independent non-executive director.

GE Power: GE Power India announced that the company has received contracts worth $40 million by Bharat Heavy ElectricalsBSE 1.89 % Limited (BHEL) to supply components and services for the supercritical steam generator island packages for 2×800 MW coal-based Uppur Thermal Power Project and 1x800MW coal-based North Chennai Supercritical Thermal Power Project Stage-III. Both the thermal power projects are located in the southern state of Tamil Nadu. This is in line with the government’s focus on upgrading the power infrastructure in the country.

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