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Top Ten Stocks to be Focused for 9 May 2016

Top Ten Stocks to be Focused for 9 May 2016

The Indian market is expected to open higher on Monday tracking positive trend seen in other Asian markets.

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

Reliance Capital: Reliance CapitalBSE 3.17 % reported a marginal 1.9 per cent increase in its consolidated net profit at Rs 415 crore for the quarter ended March 2016.

IT stocks will be in focus after US-based Cognizant Technology Solutions, which over the past five years posted a scorching run of growth and won market share from rivals such as TCSBSE -0.01 % and InfosysBSE 0.29 %, reported its slowest quarterly revenue growth in nearly 14 years.

Wockhardt: Drug firm WockhardtBSE -2.20 % reported a 25.88 per cent rise in consolidated net profit to Rs 42.90 crore for the quarter ended March 31.

Thyrocare Technologies: Diagnostics company Thyrocare Technologies, which recently concluded its IPO, will list its shares on the bourses on Monday. The IPO was oversubscribed 73.55 times in a price band of Rs. 420-446.

Titan Company Ltd: Tata Group firm TitanBSE -2.10 % Company Ltd reported 14.4 per cent decline in net profit to Rs 184.11 crore for the fourth quarter ended March 31, 2015-16, mainly due to lower sales.

ITC: Cigarette makers led by market leader ITC LtdBSE 2.06 % are going to resume production in a phased manner with packs having 85% pictorial warning to comply with the Supreme Court’s order, even as they say this will make a further dent on legal cigarette sales.

HDFC: Country’s largest mortgage lender HDFC LtdBSE 1.84 % said it will raise Rs 1,360 crore by issuing debentures on a private placement basis.

Arvind: Textile-to-retail conglomerate Arvind is in advanced talks to acquire Sequoia Capital-funded ecommerce company Freecultr, becoming the latest brickand-mortar store operator to snap up troubled online ventures.

Ajanta Pharma: The family behind Ajanta Pharma plans to invest over Rs 100 crore to expand its quick-service restaurant business Wok Express, expanding its presence in Mumbai and making an entry in four places, including New Delhi and Bengaluru.

Shemaroo Entertainment: Total income increased by 18.4% and stood at Rs.102.8 crore. Net profit during the quarter increased 29% to Rs.16.5 crore. Total income increased by 18.4% and stood at Rs.102.8 crore. Net profit during the quarter increased 29% to Rs.16.5 crore,

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