Top Twelve Stocks in Focus on Tuesday, 06 September 2016
The Indian market is expected to open higher on Tuesday tracking mixed 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, the British luxury vehicle unit of Tata Motors, is planning to make Land Rover SUVs in India for the local market and exports.
Infosys: Infosys Ltd has become the latest Indian IT services company to set up a joint venture with a local company in Saudi Arabia to tap local customers in the Islamic Kingdom, which is using technology to transform itself from being a oil dependent company.
Reliance Capital: Embarking on a major expansion plan, Reliance Capital plans to increase customer base to 50 million from 20 million along with a fivefold expansion of reach to 25,000 cities and towns over the next 3-5 years, Chairman Anil Ambani has said.
Coal India: State-run mining major Coal India will develop solar power plants of 600 MW capacity in four states, including West Bengal and Maharashtra, under the second phase of its plan to set up a total 1,000 MW green energy plants.
Bajaj Electricals: Bajaj Electricals has launched a new sub-brand ‘.nxt’ to upgrade customers and corporate clients into LED products. The company is manufacturing these products in India.
Dr Reddy’s Laboratories: The pharma major has announced that it has launched Bupropion HCl extended-release tablets, USP (SR) in 100 mg, 150 mg and 200 mg, a therapeutic equivalent generic version of Wellbutrin SR (bupropion HCl) Sustained-Release Tablets in the United States market approved by the US Food & Drug Administration, said a media report.
Maruti Suzuki: Country’s largest car manufacturer Maruti Suzuki, which recently made entry into the commercial vehicle segment, will launch its first LCV ‘Super Carry’ across the country in phases.
Inox Wind: Wind turbine maker Inox Wind reported 80 percent decline in consolidated net profit at Rs 11.82 crore for the quarter ended June 30, 2016. The firm had clocked a net profit of Rs 60.42 crore in the year-ago period, it said in a BSE filing.
Cipla: Cipla Ltd has informed BSE that the Nomination and Remuneration Committee of the Company on September 01, 2016 allotted 6,00,000 equity shares of Rs. 2 each pursuant to exercise of the stock options by the options guarantee under Employee Stock Option Scheme 2013.
Tata Teleservices: The Tata Group on Monday filed a plea to block a London Commercial Court order to enforce a $1.2-billion arbitration award in favour of NTT Docomo, Japan’s largest telecom operator, which is involved in a legal tangle with the Indian conglomerate over exiting their joint venture Tata Teleservices.
Mangalore Refinery & Petrochemicals Ltd: MRPL said that it will raise up to Rs 3,000 crore by way of issuing Non-Convertible Debentures (NCDs). The Board of the Company at its Annual General Meeting held yesterday was authorised to raise the amount.
Allahabad Bank: State-run Allahabad Bank is looking to raise up to Rs 500 crore by issuance of equity shares to qualified institutional buyers (QIBs).