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Top Ten Stocks to be Focused for 12 Sept 2016

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

L&T: L&T Technology Services, a unit of construction giant Larsen & Toubro (L&T), will open for subscription on Monday, 12 September. The company has set a price band of its initial public offer at Rs 850-860 apiece.

Tata Motors: Tata Motors has reported a 16 percent rise in global sales at 86,288 units, including that of Jaguar Land Rover (JLR) vehicles, in August. The company had sold 74,639 units in August 2015,

Lanco Infratech: LITL consolidated net loss widened to Rs 448.88 crore during the quarter ended June 30, 2016. The company had posted consolidated net loss after taxes, non-controlling interest and share of loss associates of Rs 316.52 crore in the corresponding quarter of previous fiscal.

ICICI Bank: ICICI Bank said it will make 10 per cent investment in equity capital of Resurgent Power Ventures (RPV), a power platform created to facilitate investment in power projects in India by ICICI Group and Tata Group.

Tata Power: Tata Power, which pioneered electricity generation in the country, and ICICI Venture, one of India’s biggest domestic private equity fund, on Friday teamed up to take over stressed power assets Asia’s third largest economy.

Jaiprakash Associates: Jaiprakash Associates reported widening of its standalone net loss to Rs 602.95 crore for the quarter ending June 2016. The company had posted a net loss of Rs 482.43 crore in the corresponding period of the previous fiscal.

Titagarh Wagons: The company reported a net profit of Rs 3.74 crore for the quarter ended June 30 compared with Rs 1.73 crore reported in the year-ago period.

JMT Auto: The company reported a net profit of Rs 1.1 crore for the quarter ended June compared with Rs 1.7 crore reported in the year-ago period.

Vedanta: Natural resources conglomerate Vedanta Ltd. said on Friday that shareholders had approved its merger with group subsidiary Cairn IndiaBSE 0.83 %. Vedanta held a court convened shareholder meeting in Goa on Thursday on the proposed merger.

GSPL: The Company has posted a net profit of Rs. 121.26 crore for the quarter ended June 30, 2016 compared with Rs. 112.78 crore for the quarter ended June 30, 2015.

 

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