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Top Ten Stocks to be Focused for 2 Sept 2016

Top Ten Stocks to be Focused for 2 Sept 2016

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

PVR: Asia’s largest film group and theatre operator Wanda Cinema, owned by China’s richest man, Wang Jianlin has revived talks with Ajay Bijli, the promoter of PVR LtdBSE 4.89 %, to buy a controlling stake in India’s largest multiplex operator, said at least four sources aware.

Tata Motors: Tata Motors reported a 6 per cent increase in total sales at 43,061 units in August. The company sold 40,679 units in the same month last year.

RIL: The official panel’s report on the Reliance-ONGC gas dispute has left the government in a fix as the report has not quantified the compensation to be paid for the gas that flowed into RIL’s block.

Coal India: The government’s plan to push Coal India to produce one billion tonnes of coal by 2020 has taken a back seat as officials now think that the Indian economy is not yet equipped to consume the quantity and huge unsold unsold stocks are a testimony to it.

JSPL: A hard-nosed global fund has pulled the plug on debt-laden Jindal Steel and PowerBSE -2.73 % (JSPL), a listed company led by the Congress man Naveen Jindal.

Mphasis : World’s largest alternate asset manager, Blackstone Group has concluded its acquisition of a controlling 60.5 per cent stake in IT services firm Mphasis from Hewlett-Packard Enterprise (HPE).

Essel Propack: Packaging firm Essel Propack reported 6.63 per cent increase in its consolidated net profit for the June quarter at Rs 37.62 crore. The company had posted a net profit of Rs 35.28 crore in the corresponding period last year, Essel Propack said in a BSE filing.

NTPC: State-run NTPC LtdBSE -0.44 % has decided to snap power supply to BSES DISCOMS in eastern and central parts of Delhi from Sunday midnight because of non-payment of dues amounting to Rs 961.58 crore.

TVS Motor Company: The two-wheeler company posted a growth of 20.5 per cent in sales during August 2016, with total sales increasing to 274,303 units from 227,653 units recorded in the same month of last year.

Trent: Reserve Bank has restricted foreign investors to increase stake further in Tata Group departmental firm Trent as the permissible limit has been crossed.

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