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Top 10 Stocks in focus on Thursday, 12 January 2017

Domestic equity markets are likely to open in green on Thursday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.

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

Biocon: Biotechnology major Biocon and pharma firm Mylan said that the US health regulator has accepted Mylan’s biologics license application (BLA) for MYL- 1401O, a proposed biosimilar trastuzumab indicated for treatment of breast cancer.

NTPC: State-run power giant NTPCBSE 1.82 % said its board has approved an investment of Rs 1,053.41 crore for Dulanga coal mining project with rated production of 7 million tonnes per annum.

APL Apollo BSE 2.18 % Tubes: The company on Wednesday announced that it has received patents from the Indian Patent Office for two new product design.

Mahindra Holidays BSE 0.50 % & Resorts: Mahindra Group firm Mahindra Holidays & Resorts India has increased its stake in Finland-based Holiday Club Resorts Oy by buying additional 6.33 per cent shares at a consideration of Euro 4.37 million.

MRF: Tyre major MRF on Wednesday said it will invest around Rs 4,500 crore in a phased manner over a period of ten years to set up a manufacturing unit in Gujarat.

SBI: State Bank of India (SBI) has signed memorandum of understanding with the Gujarat government for extending bank credit especially in priority sector. Under the MoU country’s largest lender will give Rs 30,000 crore worth loans over two-year period.

ICRA: Birla Sun Life Asset Management Company said it has raised its stake in rating agency ICRABSE 1.83 % to 9.01 per cent by buying additional 2 lakh shares from the open market.

Earnings Today: Bajaj Corporation, NHPCBSE 2.37 %, Reliance Industrial InfrastructureBSE 0.48 %, Zee LearnBSE -0.11 % and TCS will announce their financial results for the quarter ended December 31, 2016 on Thursday.

Prakash Industries: The company on Wednesday said the government of Odisha has executed and registered a mining lease of iron and manganese ore in favour of Prakash IndustriesBSE 4.59 % for a period of 50 years.

Atlanta BSE 1.59 % Ltd: The company on Wednesday informed bourses that it has been declared as a preferred bidder for six laning of Km 401.20 to 494.41 of NH-8 in the States of Gujarat (Length 93.210 Km) under NHDP Phase V (Package-VI) on hybrid annuity mode at a total project cost of Rs 1,292 crore by the National Highways Authority of India (NHAI). Fifteen stocks in focus on Thursday, 12 January 2017.

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