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Top 10 Stocks in Focus on Friday, 16 December 2016

Domestic equity markets are likely to open on a flat note with positive bias on Friday tracking SGX Nifty and firm global cues. SGX Nifty was trading 7 points up at 8,187 in morning deals, indicating a positive start for NSE Nifty. Asian peers Hang Seng, Nikkei and Shanghai were trading higher 0.22 per cent, 0.62 per cent and 0.07 per cent, respectively.

Claris Lifesciences: In one of the biggest deals involving a domestic pharma major, US-based Baxter International Inc on Thursday entered into a definitive
agreement to acquire Claris Injectables, a wholly owned subsidiary of Claris Lifesciences, for approximately $625 million (Rs 4,237 crore).

Axis Bank: In the wake of disclosure of transgressions in its network, including a case in Noida which came to light on Thursday, private sector lender Axis Bank said it has so far suspended 50 accounts and 24 employees for suspicious activities.

Jammu & Kashmir Bank: The state-owned bank on Thursday posted a net loss of Rs 602.40 crore for the second quarter ended September 30. However, the bank had posted a net profit of Rs 195.62 crore in the corresponding quarter of the previous fiscal.

Dilip Buildcon: The company on Thursday said that it has bagged a road project in Andhra Pradesh worth Rs 260 crore.

IL&FS Transportation: The company on Thursday informed bourses that it has decided to acquire all the equity investments held by Elsamex SA & its group companies in their Indian subsidiaries.

Karnataka Bank: The bank’s rights issue of one share for every two shares at Rs 70 apiece has ended with a subscription of over 185 per cent.

Maruti Suzuki: Maruti Suzuki is looking to expand its product offerings at the NEXA chain of premium dealerships, which will sell a third product, the Ignis, starting next month.

Confidence Petroleum India: The company on Thursday informed bourses that a meeting of the board of directors will be held on December 19 to consider the proposal of buyback of equity shares of the company.

Phoenix Mills: The Phoenix Mills said its shareholding in Alliance Spaces Private Limited has risen to 36.76 per cent following a 3.75 per cent stake purchase from K2A Hospitality Limited.

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