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Top Twelve Stocks to be Focused for 22 June 2016

Top Twelve Stocks to be Focused for 22 June 2016

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

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

Tata Motors: Jaguar Land Rover, Britain’s biggest carmaker, estimates its annual profit could be cut by 1 billion pounds ($1.47 billion) by the end of the decade if Britain leaves the European Union, according to two sources familiar with the company’s thinking.

Bajaj Finance: Pune based Bajaj Finance- non-banking arm of Bajaj FinservBSE 0.90 %, tied up with Future Group, to provide easy EMI to customers on groceries to household essentials of up to Rs 3 lakhs.

Maruti Suzuki: Country’s largest carmaker Maruti Suzuki IndiaBSE 0.12 % (MSIL) said it is ramping up production of premium hatchback Baleno to meet the current demand and reduce waiting period.

Asian Paints: Asian Paints said it has revised plans for its manufacturing plant in Andhra Pradesh, which will now have higher capacity and a marginal increase in investment.

DCM Shriram: DCM Shriram said it will complete the expansion of Chlor Alkali and power plants at Bharuch and Kota by September-October with an estimated investment of Rs 607 crore.

IDBI Bank: Public sector lender IDBI BankBSE -0.71 % has sought approval from shareholders to raise Rs.8,000 crore through an equity offer in one or more tranches, the lender said in an exchange filing on Tuesday .

Bayer CropScience Ltd: Embattled businessman Vijay Mallya is quitting as the chairman of Bayer CropScience LtdBSE 0.46 % after over 12 years of holding the position in the company, said a media report.

Max Ventures and Industries Limited: MVIL, one of the three new holding companies formed after demerger of the erstwhile Max IndiaBSE 0.03 % Limited, will list and start trading on the NSE as well as the BSE tomorrow.

Majesco: Majesco USA, an insurance arm and subsidiary of Majesco, announced a partnership with eGain, a global provider of cloud customer engagement solutions.

Sharon Bio-Medicine Limited: The company informed the Exchange said that the Board of Directors, discussed the current financial position of the Company and decided to introduce more profitable products to increase capacity utilization and get the business to move in the regulated markets specifically the United States of America.

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