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Ten stocks in focus on Wednesday, 28 December 2016

Here is a list of 10 stocks that are likely to remain in focus on Wednesday in response to various news triggers

Religare Enterprises: Diversified group Religare Enterprises has given its go-ahead to the merger of several of its entities with itself for better synergy and simplifying corporate structuring.

Bharat Financial: Morgan Stanley Asia (Singapore), Morgan Stanley Mauritius increased their stake in the company by 1.0996 per cent to 7.8603 per cent on Dec 23.

Akzo Nobel India: The company has inaugurated the first-of-its-kind speciality coatings production facility and colour laboratory in Noida.

Electrosteel Steels: According to media reports, Piramal Enterprises and the Renaissance Group are considering to jointly purchase a 51 per cent stake in Electrosteel Steels.

Jagran Prakashan: Scheme of arrangement of Suvi Info-Management (Indore) with the company has been approved by Allahabad high court and Bombay high court.

ACC: UBS downgraded ACC share price to Rs 1,250 from Rs 1,690 earlier.

Asian Oilfield Services: The company announced that the Company propose to convene a meeting of the Board of Directors on 30 December 2016, inter alia, to consider and approve the allotment of warrants, subject to receipt of application money from the proposed allottee.

Sunil Hitech: The company informed bourses that it has bagged an order worth Rs 434 crore in the state of Arunachal Pradesh for National Highways &
Indrastructure Development Corporation LtdBSE -0.30 % on Engineering, Procurement & Construction (EPC) Mode.

IMP Powers: For the quarter ended September 30, 2016, IMP Powers reported a consolidated net profit of Rs 12.65 lakh against Rs 58.08 lakh in the corresponding quarter last year.

Tata Consultancy Services: The IT major on Tuesday announced that VersaCold Logistics Services, Canada’s largest end-to-end supply chain solutions company for temperature-sensitive products, has selected TAP, TCS’ procure to pay cloud solution, to manage their operating cost with greater efficiency.