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Fifteen Stocks in focus on Wednesday, 24 August 2016

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

Here is a list of Top Fifteen Stocks that are likely to be in focus today

Aurobindo Pharma: Drug firm Aurobindo Pharma reported a 23.81 per cent rise in consolidated net profit to Rs 584.96 crore for the first quarter ended June 30, 2016, mainly on account of robust sales.

Yes Bank: Setting an ambitious target of having five million customers by 2020 and to become the No 3 player in the extremely competitive industry, mid-sized lender Yes Bank made a foray into the credit card market.

Reliance Communications : RCom has launched content delivery network ‘Fast Edge’ for faster delivery of web content to users.

Idea Cellular: India’s No. 3 mobile phone carrier, Idea Cellular, strongly denied a news report on Tuesday that it was in exploratory talks about a merger with larger rival Vodafone India.

Wipro: Qualys, Inc. announced an expanded strategic partnership with Wipro Limited. Wipro will leverage Qualys Vulnerability Management, Policy Compliance and Web Application Security services in its managed Enterprise Security Service offerings for its customers, world-wide, said a media report.

ONGC: ONGC Videsh Ltd, the overseas arm of Oil and Natural GasBSE 0.80 % Corp (ONGC), has received one-year extension to explore a Vietnamese oil block in the contested waters of the South China Sea.

HPCL & GAIL: State-owned refiner Hindustan PetroleumBSE 0.79 % Corp Ltd (HPCL) and gas utility GAIL India LtdBSE -0.19 % will divest up to 50 per cent stake in the Rs 30,000 crore petrochemical plant which is being set up in Andhra Pradesh.

Srei Infrastructure: Kolkata-based integrated infrastructure institution Srei Infrastructure FinanceBSE -0.47 % has filed the draft shelf prospectus with markets watchdog Securities and Exchange Board of India (Sebi), BSE and NSE for its proposed secured redeemable non-convertible debentures (NCDs) of face value Rs 1,000 each aggregating to Rs 1,000 crore.

EIL: Engineers India LtdBSE 4.01 % reported 50.1 per cent year-on-year (YoY) growth in the net profit to Rs 80.3 crore for the quarter ended June 30 compared with 53.50 crore reported in the year-ago period.

GMR Infrastructure: The infrastructure player plans to raise up to Rs 2,500 crore through issuance of equity shares, equity linked instruments, debentures or any other securities.

Piramal Enterprises : Billionaire Ajay Piramal-led Piramal Enterprises Ltd on Tuesday said it is launching a $1 billion distressed asset investment platform in association with private equity fund Bain Capital Credit.

Gillette India : FMCG major Gillette India on Tuesday reported a 35.42 per cent decline in standalone net profit at Rs 46.90 crore for the fourth quarter that ended on June 30, 2016, on account of a drop in oral care segment sales.

Majesco: Majesco and Elafris announce strategic partnership Source text for Eikon to enhance insurers’ customer communication and payment experience.

Inox Wind Ltd: India’s second largest wind-turbine maker by market share, expects to get a boost from the upcoming wind-solar hybrid policy, the newly-announced central tender of 1 gigawatt (GW) under reverse bidding, said a media report.

Jai Corp: The company reported 41.7 per cent year-on-year (YoY) fall in net profit to Rs 6 crore for the quarter ended June 30 compared with Rs 10.3 crore reported in the year-ago period.

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