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Top 10 stocks in Focus on Monday, 19 September 2016

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

Here is a list of Top 10 Stocks that are likely to be in focus today

ICICI Bank: ICICI Prudential Life Insurance is ready to hit the market with the biggest initial public offering (IPO) in nearly six years. The insurer, which on Friday allotted Rs 1,635 crore worth of shares to anchor investors, will seek investor participation in 13.23 crore shares issue starting Monday.

Bosch India: U.S. prosecutors are investigating whether Germany’s Robert Bosch GmbH, which provided software to Volkswagen AG, conspired with the automaker to engineer diesel cars that would cheat U.S. emissions testing, said a Bloomberg report quoting sources.

IDBI Bank Ltd: The state-backed Indian lender, picked arrangers including Citigroup Inc., Credit Suisse Group AG and Deutsche Bank AG to manage a share sale of about Rs 6,000 crore ($896 million), people with knowledge of the matter said in a media report.

Max Financial Services: A private equity fund managed by Goldman Sachs is looking to sell its 15% stake in Max Financial Services in a Rs 2,400 crore deal expected through secondary market trades, generating a nearly threefold return in dollar terms on a seven-year-old investment for the Wall Street bank.

Axis Bank: The country’s second-largest private sector lender, is set to buy stake in Assets Care & Reconstruction Enterprise (ACRE). The lender is looking at picking up 13.67 per cent stake in the asset reconstruction company (ARC), said a media report.

South Indian Bank: Reserve Bank has restricted overseas investors to make further investment in South Indian Bank as the prescribed foreign shareholding limit has reached the trigger limit.

Yes Bank: Private lender Yes Bank has some more United Breweries shares pledged with it by Vijay Mallya to Heineken International through a bulk deal on Friday, further strengthening the Dutch brewer’s grip on the local beer maker.

State Bank of India: India’s largest lender, wants to grow loans to small and medium enterprises (SMEs) by at least 10-12% this year and improve their order book positions and cash flows while the corporate sector continues to be under stress.

UBL: Heineken International BV, the maker of Heineken beer, has increased its stake in United Breweries by buying shares worth Rs 152 crore in an open market transaction.

Heritage Foods: Future Group is in advanced talks to acquire the retail business of Heritage Foods, a deal that would give Kishore Biyani sway over a network of more than 100 grocery outlets in Hyderabad, Chennai and Bengaluru, according to people aware of the development.

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