Ten Stocks in Focus on Wednesday, 5 October 2016
The Indian market is expected to open flat on Wednesday tracking muted trend seen in other Asian markets.
Here is a list of Top Ten Stocks that are likely to be in focus today:
Idea Cellular: After GrasimBSE 0.07 % and Aditya Birla NuvoBSE 0.05 %, Kumar Mangalam Birla is planning to reorganise his telecom infrastructure and towers business with an aim to simplify the holding structure by consolidating its scattered tower holdings into a single entity and unlock value.
Jet Airways: Private carrier Jet Airways announced special offers with base fare starting as low as Rs 396 on select domestic routes.
ICICI Bank: Within hours of RBI’s surprise cut in the key policy rate, private sector lender ICICI Bank took the lead with a 0.05 percent reduction in its marginal cost of funds-based lending rate to 9.05 percent.
Biocon: Biocon Ltd will launch new branded formulations of its own and introduce products licensed from others to treat diabetes and cancer in the coming months, a media report said quoting a top official.
Punjab & Sind Bank: State-owned Punjab & Sind Bank will raise Rs 500 crore by issuing Basel III-compliant bonds through a private placement.
NBCC: PSU construction firm NBCC India has received orders worth Rs 1,117 core in September. The company said the order includes a Rs 440-crore hospital construction contract from the labour ministry and a Rs 270-crore contract for construction of the University Grants Commission building complex.
Mayur Uniquoters: The buyback offer to the shareholders of Mayur Uniquoters will open on Wednesday and close on October 20. It plans to buy back up to five lakh fully paid-up equity shares at Rs 500 apiece for an aggregate amount not exceeding Rs 25 crore.
Endurance Tech: Endurance Tec IPO will open on Wednesday in a price band of Rs 467-472 a share. The auto parts maker is putting over 2.46 crore shares of face value Rs 10 each on the block.
Bhushan Steel: Debt-laden Bhushan Steel said its shareholders have approved the company’s proposal to raise up to Rs 1,155 crore through issue of redeemable cumulative preference shares.
BPCL: State-run Bharat PetroleumBSE -1.01 % Corp. Ltd (BPCL) is planning to build a terminal on the west coast to import liquefied petroleum gas (LPG), a media report said quoting two company officials who are aware of the development.