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Top Ten Stocks to be Focused for 22 July 2016

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

ITC: Fast moving consumer goods company ITC LtdBSE 0.38 % on Thursday reported an increase of 10 per cent in stand-alone net profit at Rs.2,385 crore for the first quarter ended 30 June 2016.

ONGC: ONGC Videsh Ltd has raised $1 billion through a US dollar bonds issue to finance its acquisition of 15 per cent stake in Russia’s second biggest oil field Vankor.

Cairn India: Cairn India on Thursday reported 28 per cent fall in its June quarter net profit as drop in oil prices wiped away gains made from operational efficiencies and cost cutting.

Ashok Leyland: ALL, the Hinduja group’s flagship firm reported a smart turnaround when it beat street estimates and more than doubled net profit during the first quarter ending June 30 to Rs 290.78 crore.

Coal India: Power generation utilities owe Rs 12,028 crore to state-owned CILBSE -0.68 % as on March 31, Parliament was informed on Thursday.

NHPC: State-owned NHPCBSE 0.60 % said it has entered into a pact with Bharat Heavy Electricals LtdBSE 0.72 % (BHEL) for undertaking hydro power projects in overseas markets.

Power Grid: Power Grid Corporation has approved investment of Rs 2,731 crore in various projects, including setting up of a transmission system for solar park at Bhadla in Rajasthan for Rs 1,429.38 crore

Piramal Enterprises: Piramal Enterprises said its board has approved raising up to Rs 1,000 crore through issue of non-convertible debentures.

Zensar Technologies: Zensar Technologies posted a flat net profit of Rs 76.2 crore for the quarter ended June 30, 2016 compared to that of Rs 76.1 crore in the year-ago period.

Syngene International: Biocon’s contract research and manufacturing arm Syngene International reported 28.32 per cent rise in standalone net profit to Rs 59.8 crore for the quarter ended on June 30, 2016.

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