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Top Ten Stocks to be Focused for 9 Sept 2016

Top Ten Stocks to be Focused for 9 Sept 2016

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

Yes Bank: Yes Bank scrapped its $1-billion share sale less than 24 hours after launch, as the share price collapsed due to poor investor appetite and the management, blamed ‘extreme volatility’ and poor advice on regulations by investment banks Goldman Sachs, Nomura and CLSA

Crompton Greaves Consumer Electrical: Reserve Bank has allowed foreign investors to buy up to 100 per cent in Crompton Greaves Consumer Electricals Ltd. As of June 2016, the promoter group held 34.38% in the company, while the rest was held by the public.

Jindal Saw: To curb excess volatility, leading stock exchange BSE today tweaked the circuit limit for share movement of 10 companies, including Jindal Saw.

Motherson Sumi: Motherson Sumi has launched a qualified institutional placement (QIP) through which it plans to raise Rs 1,500-2,000 crore, said a media report. The QIP will be priced at Rs 317-320 per share.

SAIL: India’s largest steelmaker SAIL reported widening of its standalone net loss to Rs 534.92 crore for the quarter ended June 30, 2016.

Eros International: Eros International Media reported 11.20 percent increase in its consolidated net profit to Rs 58.87 crore for the first quarter ended June 30.

Financial Technologies: Financial Technologies India LtdBSE 13.83 % (FTIL) on Thursday reported a net profit of Rs 12.36 crore for the quarter ended June. The company had posted a net loss of Rs 45.32 crore in the year-ago period, FTIL said in a filing to the BSE.

Essar Shipping: Essar Shipping LtdBSE -2.66 % reported a standalone loss of Rs 50.45 crore for the quarter ended June 30, 2016. The company’s loss in the corresponding quarter of previous fiscal stood at Rs 45.94 crore, Essar Shipping Ltd said in a filing to BSE.

Puravankara Projects Ltd: Realty firm Puravankara Projects Ltd’s profits are lower by 66.81 per cent at ₹10.14 crore on a consolidated basis for the first quarter of fiscal (2016-17) compared with ₹30.56 crore recorded in the same period last year

Jindal Steel and Power: JSPL said its consolidated net loss doubled to Rs 1,082.15 crore for the June quarter on account of decline in demand as well as higher fuel and finance costs.

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