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Top Ten Stocks to be Focused for 29 July 2016

Ten stocks

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

Reliance Infrastructure: Brookfield has emerged as the frontrunner to take over the entire portfolio of 11 road projects of Anil Ambani flagship Reliance Infrastructure for an enterprise value of Rs 8000 crore, said multiple sources aware of the ongoing negotiations.

Tata Steel & Tata Motors: Tata Sons was served an order from London’s Commercial Court Order that suggested that Tata’s UK assets, including Jaguar Land Rover, a unit of Tata Motors, or Tata Steel’s Corus unit, may be attached by NTT DoCoMo for recovery of $1.17 billion it won in an arbitral award recently.

IDBI Bank: Public sector IDBI Bank has reduced its base rate or minimum lending rate to 9.65 per cent per annum from 9.75 per cent per annum earlier.

L&T Infotech: Newly-listed IT exporter L&T Infotech on Thursday reported nearly 35 per cent increase in net profit at Rs. 235.8 crore for the quarter ended June 30, driven by widening margins.

Blue Dart : Logistics major Blue Dart Express’ standalone net profit dropped marginally by 1.4 per cent to Rs 44.08 crore for the quarter ended June 30, 2016.

CEAT: Tyre maker Ceat on Thursday reported 17.38 per cent decline in consolidated net profit at Rs 93.07 crore for the first quarter ended June 30, 2016-17.

Hexaware Technologies: IT services firm Hexaware Technologies saw its consolidated net profit for the June 2016 quarter rise 1.1 per cent to Rs. 100 crore. The company’s net profit stood at Rs. 98.9 crore in the corresponding period a year ago.

DHFL: Dewan Housing Finance may succeed where the government has failed – selling inflation-linked bonds to investors. The mortgage lender is set to raise Rs 4,000 crore through a retail bond sale, which for the first time will also offer interest rates linked to consumer price-based inflation.

Adlabs Entertainment: Theme park operator Adlabs Entertainment reported a standalone net loss of 19.23 crore for the first quarter of this fiscal.

Tamil Nadu Newsprint and Papers Ltd : TNPL has reported a 33 per cent growth in profit after Tax (PAT) during the quarter ended June 30, 2016 at Rs 69.51 crore, as against Rs 52.25 crore, a year ago.

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