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Top Ten Stocks to be Focused for 1 April 2016

Top Ten Stocks to be Focused for 1 April 2016

The Indian market is expected to open lower on Friday tracking muted trend seen in other Asian markets.

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

Tata Motors Ltd: Tata Motors said it has divested its entire stake in wholly-owned subsidiary Sheba Properties to another group firm Tata Motors Finance for Rs 405.37 crore.

JPAssociates Ltd: Debt-ridden Jaiprakash Associates announced the part sale of its cement business to the Kumarmangalam Birla-led Ultratech for Rs 15,900 crore, marking the biggest consolidation in the cement sector.

Auto Stocks such as Tata Motors, M&M: In what would spell further trouble for automobile manufacturers, the Supreme Court on Thursday said the ban on the registration of vehicles fitted with large diesel engines in the national capital region will continue until further orders.

IDBI Bank Ltd: State-owned lender IDBI Bank Ltd Thursday said it has sold a 2% stake in the National Stock Exchange (NSE) to Life Insurance Corp. of India (LIC), as part of the debt-laden bank’s turnaround plan, said a media report.

IVRCL Ltd: Terming the mishap as “unfortunate”, infrastructure major IVRCL said it will cooperate with the state authorities probing the collapse of an under-construction flyover in Kolkata.

M&M Ltd: Mahindra and Mahindra’s farm equipment division has picked up 35 per cent stake in Finland’s Sampo Rosenlew, a combined harvester specialist, for 18 million.

Syndicate Bank: State-owned Syndicate Bank said it has raised Rs 870 crore from Tier I bonds to meet Basel III norms. The fund has been raised from unsecured perpetually fully paid-up non-convertible Basel III compliant additional Tier I bonds 2015-16, Syndicate Bank said in a said in a statement.

Public Sector Banks: A host of banks, including SBI, HDFC Bank, PNB, Canara Bank and BoB, Thursday announced lending rates based on marginal cost of funds, a new methodology that will take effect from Friday, said a media report.

ICICI Bank Ltd: Private sector ICICI Bank has cut interest rate on fixed deposit rates by up to 0.55 per cent on bulk deposit rates of over Rs 1 crore.

Uttam Galva Steels Ltd: Debt-laden Uttam Galva Steels Ltd has hired SBI Caps, the investment banking arm of State Bank of India, to fetch an investor after its lenders insisted on fresh investment before a debt recast, said a media report.

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