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Top 12 Stocks in Focus today: Dr Reddy’s, Wipro, GAIL

Dr Reddy’s: Mezzion Pharma filed a suit against Dr Reddy’s Laboratories Ltd in the US court, as per media reports.

Wipro: IT major Wipro reported an 2% quarter-on-quarter rise in consolidated net profit for December quarter Rs 2,109.6 crore compared with Rs 2,070.40 crore posted for the sequential quarter ended September 30, 2016.

Bharat Electronics: Bharat Electronics will announce its Q3 numbers today.

GAIL: GAIL India on Wednesday approved issuance of one bonus share for every three held and an interim dividend of 85 per cent to shore up government revenues.

Blue Star: The company posted a consolidated net profit of Rs 14.5 crore for the quarter ended December 31, 2016, up 61% cent, against Rs 9 crore in the same quarter last year.

Raymond: The company posted its consolidated net loss reduced to Rs 14.7 crore for the third quarter ended December 31.

Exide Industries: The company reported reported a 9% increase in standalone net profit for the third quarter of current fiscal, driven by sale of motorcycle batteries.

Allahabad Bank: The board approves raising of Basel III compliant Tier 2 bonds worth Rs 1,000 crore.

Dilip Buildcon: The company received project worth Rs 911 crore from National Highway Authority of India.

Tata Steel: Tata Steel to acquire majority equity stake in the proposed Subarnarekha Port in Odisha.

Mphasis: The company informed bourses that a meeting of the board of directors is being convened on January 31 to consider a proposal of buyback of its own equity shares.

GHCL: The company to consider mid-year dividend, buy-back on January 31.

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