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Top Ten Stocks to be Focused for 12 April 2016

Top Ten Stocks to be Focused for 12 April 2016

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

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

Tata Steel Ltd: Tata Steel is selling its Long Products business in Europe to investment firm Greybull Capital for a ‘nominal consideration’, as the struggling steelmaker looks to exit UK after a decade long unsuccessful foray.

Bharti Airtel: India’s largest carrier Bharti Airtel received its payment bank license that is had applied for in partnership with Kotak Mahindra Bank, a move that will help the companies take Indian government’s financial inclusion plans to the next level.

DLF: The decision of DLF’s promoters to sell their 40% stake in the rental arm business, DLF Cyber City Development (DCCDL), has potential to unlock value for the listed company DLF.

SKS Microfinance Ltd: Micro loans are set to be cheaper with SKS Microfinance, the listed lender to poor individuals, may well be the first among the small lenders to cut lending rates.

Tata Motors: The global automakers reported a 11 per cent rise in global sales at 1,18,750 units in March, including that of Jaguar Land Rover (JLR) vehicles.

Ricoh India: Ricoh, a darling of Dalal Street in the first half of 2015, is under regulatory glare amid allegations of financial irregularities that recently led to its top officials stepping down.

Aditya Birla Nuvo: Diversified firm Aditya Birla Nuvo said it has completed an additional 23 per cent stake sale in its life insurance firm Birla Sun Life Insurance Company to its Canadian joint venture partner (JV) Sun Life Financial for Rs 1,664 crore.

Larsen & Toubro: L&T says it is not proceeding with the earlier plan for a Rs 2,000-crore Initial Public Offering (IPO) of shares in its L&T Infotech. The draft prospectus was withdrawn with effect from Monday.

SPARC: The company has extended the closure of Rights Issue from April 11, 2016 to April 13, 2016, based on requests received from the shareholders of the Company.

Yes Bank: Yes Bank Ltd has informed BSE that the Bank has allotted 2,23,150 (Two Lakh Twenty Three Thousand One Hundred and Fifty) equity shares of face value of Rs. 10/- each on April 8, 2016 under the YBL ESOP & YBL JESOP V/ PESOPII.

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