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Top Ten Stocks to be Focused for 15 Sept 2016

Top Ten Stocks to be Focused for 15 Sept 2016

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

Reliance Communications: RComm announced its long-awaited merger with unlisted telecom operator Aircel, marking the first move toward consolidation in the space and creating the country’s fourth-largest phone company in terms of customers and revenue.

State Bank of India : SBI on Wednesday said it had raised $300 million (about Rs 2,000 crore) through the country’s first additional tier 1 (AT1) bond offering. The size of the Basel-III compliant bond was pruned from $500 million.

Hotel Leelaventure: Sovereign wealth funds, private equity firms, and family offices are once again in the race to acquire two Hotel Leelaventure Ltd properties, one in Delhi and the other in Chennai. The combined deal value would be about Rs 3,000 crore, two people with knowledge of the matter told ET.

Ashok Leyland: The Board of automobile component firm Hinduja Foundries LtdBSE -19.93 % has given its nod for amalgamating the company with heavy commercial vehicle maker Ashok Leyland subject to regulatory and shareholders approval of both the companies.

ONGC: ONGC Videsh Ltd. on Wednesday signed an agreement to raise stake in Russia’s Vanok oil field by 11 percent to 26 percent for about $930 million.

NBCC: State-owned construction major NBCC (India) Ltd today reported 16 per cent increase in consolidated net profit to Rs 47.09 crore for the quarter ended June 30.

Gujarat NRE Coke Ltd: Gujarat NRE Coke Ltd’s standalone net loss widened to Rs 108.80 crore for the quarter ended June 30, 2016. The company had posted a net loss from ordinary activities after tax of Rs 60.66 crore in the year-ago period, Gujarat NRE Coke said in a BSE filing.

BEML: State-run BEML Ltd’s standalone net loss widened to Rs 107.10 crore for the quarter ended June 30, 2016. The company had posted a net loss from ordinary activities after tax of Rs 68.10 crore in the year-ago period, BEML Ltd said in a BSE filing.

Tata Power: Tata Power on Wednesday announced that it has completed the acquisition of Welspun Renewables Energy and has appointed Chetan Tolia as CEO of the newly bought firm.

IVRCL: IVRCL LtdBSE 2.03 % has posted a loss of Rs 151.85 crore for the first quarter ended June 30, 2016, as against a loss of Rs 189.65 crore for the corresponding quarter last year on a standalone basis.

MMTC: State-run trading firm MMTC reported a net loss of Rs 7.01 crore for the first quarter ended June 30, 2016. The company had incurred a net loss of Rs 30.55 crore during the corresponding quarter of 2015-16.

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