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Top Ten Stocks to be Focused for 14 Sept 2016

Top Ten Stocks to be Focused for 14 Sept 2016

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

Coal India: Coal India recorded a 14 per cent dip in net profit during the first quarter of the current fiscal on the back of a near 6 per cent fall in income from operations.

Tata Steel: The steelmaker had reported a net profit Rs 317 crore for the same quarter a year ago. The company said gross debt for the quarter stood at Rs 81,975 crore. Net debt at Rs 75,259 crore was Rs 4,171 crore higher than the year-ago period.

Wipro: Country’s third largest software services firm Wipro said it has partnered with Silicon Valley-based cybersecurity company VectraBSE -0.67 % Networks to offer an automated “threat hunting” platform to enterprises.

RIL: The board of Reliance Jio Infocomm on Monday cleared raising Rs 15,000 crore via an issue of optionally convertible preference shares, replacing the rights issue for the same amount it had approved in July.

Reliance Communications: The much-anticipated $6-billion merger between Anil Ambani-led Reliance Communications (RCom) and Aircel is expected to be announced this week, paving the way for what would be the first in-market telecom merger of a national scale in the country

Sun Pharmaceuticals: The uproar over high drug prices in the US has come to hit Indian drug companies as Sun Pharmaceutical IndustriesBSE 0.50 % unit Taro Pharmaceutical Industries has been summoned by the US Department of Justice (DOJ) over its pricing policy.

Gitanjali Gems: Gitanjali Gems reported a net profit of Rs 22.2 crore for the quarter ended June 30 compared with Rs 13.5 crore reported in the year-ago period.

Idea Cellular: Idea Cellular Monday said that it has decided to proactively expand Points of Interconnect (POIs) capacity with the release of 196 additional points that could now cater to Reliance Jio’s over 6.5 million subscribers.

Cairn India : Cairn India Ltd’s minority shareholders have approved the merger of the company with Vedanta Ltd, accepting the latter’s sweetened share-swap offer.

Siemens India: Siemens AG is considering a sale of its remaining stake in lighting business Osram Licht AG, valued at 866 million euros ($972 million), to potential buyers including Chinese investor GSR GO Scale Capital, according to people familiar with the matter.

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