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Top Ten Stocks to be Focused for 10 June 2016

Top Ten Stocks to be Focused for 10 June 2016

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

Here is a list of top Ten stocks that are likely to be in focus today:

Reliance Communications: Reliance Communications (RCom) is set to launch 4G services on its own across India in phases, starting mid-August from the key circles of Mumbai, Delhi, Kolkata, and will gradually leverage its sharing agreement with Reliance Jio Infocomm as clearances come through.

Yes Bank: Private sector lender Yes BankBSE 1.46 % on Thursday informed the exchanges that it has executed a share subscription and shareholders’ agreement, agreeing to subscribe to 20 lakh equity shares of Receivables Exchange of India (RXIL).

Dalmia Bharat, Shree Cements: A diverse set of domestic cement majors like Dalmia Bharat, Shree CementsBSE 0.72 % along with South-based Ramco are in hot pursuit of LafargeHolcim’s Sri Lankan operations that the global cement major is divesting as part of a global portfolio realignment.
ITC: ITC has stepped into the dairy whitener market with its Sunfresh brand, its second offering in dairy business, after it opened its innings in this space last October with packaged ghee.

PSU Banks: Moody’s analysis suggests that capital requirements of about Rs 1.2 trillion for its 11 rated public sector banks, far higher than the remaining Rs 450 billion included in the government’s budget for capital distribution to the banks until 2020.

Motherson Sumi: A unit of Indian auto parts maker Motherson Sumi SystemsBSE 0.26 % raised $300 million (Rs 2,000 crore) via a global bond sale, in part to support its expansion in North America.

Canara Bank: State-owned Canara BankBSE 1.17 % is set to raise Rs 500 crore this fiscal by selling stake in its non-core assets after it posted a huge loss in fiscal year 2015-16, a top official told ET.

Visa Steel: Visa SteelBSE 19.34 % will seek shareholder approval to merge joint venture Visa Bao Ltd (VBL) with it to rationalise costs and secure raw material for its ferrochrome business, the company said.

Dr Lal PathLabs: Diagnostic services provider Dr Lal PathLabs is looking at expanding its presence pan-India to be a key driver for the next phase of growth for the company.

Sadbhav Infrastructure Project: Sadbhav Infrastructure Project Ltd has informed BSE regarding receipt of provisional completion certificate for 86.00 km. out of total 87.25 km. and start of toll collection in Bhilwara-Rajsamand Tollway Private Limited.

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