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Top 12 Stocks in Focus Today

Dr Reddy’s Laboratories: Dr Reddy’s Laboratories said it has launched in the US generic Paricalcitol injection used for treatment associated with chronic kidney disease.

Asian Paints: Asian Paints’ step down firm Asian Paints (International) Limited (APIL), Mauritius has transferred its entire holding of 99.18 per cent held in subsidiary Asian Paints (Lanka) to Singapore-based Berger International.

Jubilant FoodWorks: Jubilant FoodWorks said its CEO and whole-time director Ajay Kaul will resign to pursue opportunities outside the company.

Aviation stocks in focus: Domestic airlines flew 8.3 million passengers in August posting nearly 24% growth over year, according to data released by the Directorate General of Civil Aviation.

Karur Vysya Bank Ltd: Karur Vysya Bank has informed the BSE that the Board of Directors of the company at its meeting held on September 19 has approved the proposal for sub-division of existing one equity share of Rs.10 each face value fully paid up into 5 equity shares of Rs.2 each face value.

NBCC: A navratna central public sector enterprise (CPSE), announced that under the administrative control of urban development (MoUD) it has been nominated for disposal of land assets of the sick CPSEs, as per media reports.

Mangalam Cement: Mangalam Cement has commenced commercial production at its new cement grinding unit of 0.75 million tonnes per annum (mtpa) capacity in Aligarh, Uttar Pradesh, as per media reports.

Tata Steel: Tata Steel will pay out a total Rs.130 crore as annual bonus to its eligible employees for the year 2015-16, as per media reports.

IFCI: IFCI will sell its entire stake in Assets Care and Reconstruction Enterprise Limited (ACRE) to Axis Bank for Rs 22.72 crore.

Glenmark Pharmaceuticals: Glenmark Pharma has entered into an agreement with US-based Particle Sciences Inc. to develop and market a generic version of Celgene Corp.’s Abraxane, used in the treatment of breast and pancreatic cancers .

Indiabulls Housing Finance Ltd: The company said it has raised Rs.1,330 crore by issuing its first masala bonds to overseas investors.

PI Industries: Citigroup has initiated coverage on PI Industries with a buy rating and a target price of Rs.1,060 citing strong long term growth prospects, as per media reports.

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