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Top Ten Stocks to be Focused for 20 July 2016

Top Ten Stocks to be Focused for 20 July 2016

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

Wipro: WiproBSE -4.48 % forecast revenue in the range of $1.931 billion to $1.950 billion, indicating nearly flat to 1% revenue growth on a sequential basis.

Bharti Airtel, Reliance Communication: Department of Telecom has started issuing demand notices to six telecom firms including Bharti AirtelBSE -0.14 %, RCom and Vodafone, who the CAG had alleged to have under-reported revenues to the tune of Rs 46,000 crore between 2006 and 2010.

Lanco Infratech : A consortium of lenders on Tuesday decided to take control of Lanco InfratechBSE 1.38 % by converting a part of the cash-strapped company’s debt for a 60 per cent equity stake, a person close to the matter said.

Coal India: Coal India is banking on hefty dividend from its subsidiaries to replenish its cash reserves that would decline to Rs 690 crore after it spends Rs 3,650 crore to finance its recently announced share buyback. Coal IndiaBSE 1.18 % has decided to fund the buyback from its standalone reserves of Rs 4,340 crore.

RIL: Reliance IndustriesBSE 0.74 % will infuse another Rs 15,000 crore in its telecom arm Jio through a rights issue.

JBM Auto: Auto component manufacturer JBM AutoBSE 4.64 % said it will invest Rs 300 crore for development and manufacturing of electric and hybrid buses in India through its joint venture with Poland’s Solaris Bus & Coach.

Hindalco: Aluminium maker HindalcoBSE -0.29 % said Reserve Bank of India (RBI) has approved Australian miner Metal X’s improved takeover offer for its subsidiary Aditya Birla Minerals Ltd (ABML).

HDFC: HDFC Standard Life Insurance Company Ltd today reported 7.9 per cent increase in net profit at Rs 246 crore in the first quarter ended June 30, 2016.

CRISIL: Credit rating agency CRISILBSE -2.10 % reported 7.5 per cent growth in consolidated net profit to Rs 69.81 crore for the quarter to June.

Linde India Limited: T he net revenue for the quarter, at Rs. 428.5 crore, grew by 15 per cent compared to same quarter last year. The operating profit for the quarter stood at Rs. 77.10 crore, a 13% increase over the same quarter last year.

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