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Top Stocks to be Focused for 29 March 2017

Top Stocks to be Focused for 29 March 2017

Deccan Chronicle HoldingsBSE -4.17 % Limited: The Enforcement Directorate (ED) has attached assets worth Rs 263 crore, including land and bank accounts of the Hyderabad-based Deccan ChronicleBSE -4.17 % group, in connection with a money laundering case related to a bank fraud.

Idea Cellular: Telecom operator Idea CellularBSE 0.96 % on Tuesday launched its 4G services in Jammu and plans to expand the high-speed services to 20 towns in the Jammu & Kashmir circle by June.

ITC: The Competition Commission has approved the proposed acquisition of Johnson & Johnson’s two brands, ‘Savlon’ and ‘Shower to Shower’, by FMCG major ITCBSE 0.62 %.

HMT: NITI Aayog is preparing a fresh cabinet note recommending closure of 7 more sick CPSEs as part of an excercise to tackle mounting losses incurred by these entities. These include Hindustan Cable, Tyre Corporation, HMT Watches, Birds Jute and Export Limited (BJEL) and Central Inland Water Transport Corporation.

Idea Cellular: Telecom operator Idea CellularBSE 0.96 % on Tuesday launched its 4G services in Jammu and plans to expand the high-speed services to 20 towns in the Jammu & Kashmir circle by June.

ITC: The Competition Commission has approved the proposed acquisition of Johnson & Johnson’s two brands, ‘Savlon’ and ‘Shower to Shower’, by FMCG major ITCBSE 0.62 %.

SBI: State Bank of IndiaBSE 1.22 % (SBI), which would start merger process of five associates and Bharatiya Mahila Bank (BMB) from April 1, expects integration to be completed in three months. The lender also said it will increase its stake in SBI Card to 74 per cent by June end.

Tata group shares: Shares of Tata group companies will remain in focus on Tuesady after Tata Sons board approved a resolution to invest up to Rs 10,000 crore in various Tata group companies at the first board meeting chaired by N Chandrasekaran on February 21.

Bharti Airtel: Telecom major Bharti AirtelBSE 0.84 % on Tuesday announced the sale of 10.3 per cent stake in subsidiary Bharti Infratel to a consortium of funds for over Rs 6,190 crore ($951 million).

PVR: Multiplex operator PVR is looking at around 90 per cent jump in revenue to around Rs 4,000 crore in four to five years driven by expansion across the country.

Hindustan Zinc: Shares of Hindustan Zinc turn ex-dividend on Wednesday for special dividend of Rs 27.50 per share for the year ending 31 March 2017.

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