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Top Ten Stocks to be Focused for 3 August 2016

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

Reliance Industries: Government auditor CAG has red- flagged $1.6 billion of excess cost recovered by Reliance IndustriesBSE -0.52 % in the KG-D6 gas block and took note of state-owned ONGC’s gas flowing into the eastern offshore fields of the Mukesh Ambani-led firm.

Wipro: In a CAG report, WiproBSE 0.58 % has been accused of ‘undue favours’ in the Unique Identification Authority of India (UIDAI) project.

Logistics companies: The long-pending GST Bill was on Monday listed for consideration and passage in Rajya Sabha on Wednesday amidst strong indications that the most far-reaching taxation reform in independent India would be supported by Congress and all other major political parties.

Piramal Enterprises has said it is looking to raise Rs 215 crore through issue of non-convertible debentures on private placement basis.

MSCI Rejig: The weights of stocks such as Axis Bank, Yes BankBSE 0.28 %, BPCLBSE -1.30 % and Eicher Motors is likely to increase in the range of 0.2-2.9 per cent during the upcoming tweaking of the MSCI India index, a widely tracked emerging market index by global funds.

Bharti Airtel: Verizon Digital Media Services has tied up with Bharti AirtelBSE -0.32 % to launch new points of presence in four cities of Mumbai, Chennai, Bangalore and New Delhi.

UFO Moviez India: Leading digital cinema distribution network UFO Moviez India has posted a consolidated net profit of Rs 9.8 crore for the quarter ended June 30, as compared to Rs 13.3 crore in the year ago period.

Torrent Power: The company on Tuesday reported a 79.55 per cent drop in consolidated net profit at Rs 45.62 crore for the fiscal first quarter that ended on June 30.

Karnataka Bank: Karnatakla Bank aims to achieve export credit target of ?2,490 crore during the current financial year, a media report said quoting P Jayarama Bhat, Managing Director and Chief Executive Officer of the bank.

NMDC: State-owned miner National Mineral Development Corporation (NMDC) may foray into rare earth minerals and beach sand mining, among others, according to official sources.

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