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Top Ten Stocks to be Focused for 7 April 2016

Top Ten Stocks to be Focused for 7 April 2016

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

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

IOC: Union Minister Dharmendra Pradhan today said PSU major Indian Oil CorporationBSE -0.12 % was going to spend Rs 20,000 crore for brownfield expansion of its refinery near here.

HDFC: Housing Development Finance Corp (HDFC) will make an additional one-time provision of Rs 450 crore in the quarter ended March after it made Rs 1,705 crore on the sale of shares in its life insurance company HDFC Standard Life Insurance, the company said in a filing to the BSE.

Tata Steel: Tata SteelBSE -0.20 % will begin the formal process to sell its UK units by Monday (April 11), British business minister Sajid Javid tweeted after a two-hour meeting with the company’s chairman Cyrus Mistry at Bombay House, the Tata Group’s headquarters, on Wednesday

BHEL: BHEL will be announcing its results for the quarter ended March 31 on April 7.

Future Retail Ltd: Future RetailBSE 3.88 % Limited has announced that the Company has made further investment in its subsidiary, Staples Future Office Products Limited (SFOL), pursuant to the rights issue, which has resulted in increase of its total holding from 60% to 61.67%, said a media report. In a separate report they said that they have agreed to acquire FabFurnish.com.

Diamond Power Infrastructure: Kotak Mahindra Bank LtdBSE -1.24 % has announced that the Company’s subsidiary, Kotak Mahindra (International) Limited (KMIL), a foreign portfolio investor (FPI) has acquired 38,68,606 equity shares at Rs. 23.65 each, aggregating to INR 9.16 crore being 6.8% of the paid-up capital of Diamond PowerBSE 16.10 % Infrastructure.

Sobha Ltd: The realty major registered new sales area of 3.38m sq ft valued at 20.12bn at an average price realisation of Rs. 5946 per sq ft. The new sales volume in FY16 was 3.2% higher as compared to FY15, said a media report.

IIFL Holdings Ltd: IIFL Holdings Ltd has now informed BSE that the Board of Directors of IIFL Wealth Management Limited (IIFLW) at its meeting held on April 06, 2016 noted the transfer of 7,95,519 equity shares by the employees of IIFLW to GA at a price of Rs 586.70 each.

Pfizer: Drugmaker PfizerBSE 0.68 % Inc and Ireland-based Allergan Plc walked away from their $160 billion merger. Pfizer said the decision was driven by new U.S. Treasury rules aimed at curbing such deals, called inversions, said a media report.

Punjab National Bank: PNB Housing Finance has raised Rs 500 crore by issuing bonds to World Bank arm IFC for funding its green residential projects.

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