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Top stocks in focus today: IOC, BPCL, Zee, Ashoka Buildcon

These companies will be in focus during trade today based on recent and latest news developments.

IOC and BPCL may buy 26% stake each in the gas utility company of India – GAIL, as per media reports. This may lead to paying the government over Rs20,000cr each to become integrated energy firms.

Shilpa Medicare has notified that its manufacturing unit at Jadcherla has received EIR from the USFDA. The status of the unit is VAI (voluntary action indicated), which means that the unit has a clear status from USFDA.

State Bank of India sold 22lakh shares or 4.40% stake in Clearing Corp of India,

NBCC has bagged Rs2,000cr road construction project.

UltraTech has filed a petition with the NCLT seeking the cancellation of the lenders’ vote in favour of the Dalmia-led resolution offer.

Ashoka Buildcon’s subsidiary Ashoka Concessions has emerged as ‘the Lowest Bidder’ at the financial bid opening meeting for a Gujarat project under NHDP Phase – VI on Hybrid Annuity mode (Phase IA-Package IV) (‘Project’)’. The company quoted bid project cost is Rs1,687cr.

Thermax Group has concluded an Rs503cr order from a leading public sector fertiliser company to set up three natural gas based EPC co-generation plants (each of 20 MW capacity) at its facilities in Haryana and Punjab.

Grasim Industries announced that the production capacity of epoxy resin, reactive diluents and hardeners at the company’s epoxy plant at Vilayat (Gujarat) has increased from 82,350 MT per annum to 1,23,097 MT per annum through de-bottlenecking process.

The Board of NMDC at its meeting held on March 17 has decided not to declare interim dividend for FY 2017-18.

Max Financial Services to hold a meeting of the board of director’s March 21, to consider proposal for raising of funds by way of equity and/or debt or a combination thereof, for the purpose of making investments in its subsidiary Max Life Insurance Company.

JTEKT Corporation (JTEKT), the promoter entity of Sona Koyo Steering Systems Limited (SKSSL) will sell 47,56,367 shares of the company, representing 2.39% of the total paid up equity share capital of the company, via the Offer for Sale (OFS) route.

The board of directors of Gujarat Fluorochemicals Limited (promoter) approved an offer for sale (OFS) in Inox Wind Ltd, on March 16 2018.

Zee Entertainment (ZEE) announced that it has terminated the proposed acquisition of 9X Media and INX Music. ZEE has indicated the reason as non-completion of certain material conditions precedent.

Cadila Healthcare received final approval from the USFDA for omeprazole and sodium bicarbonate capsules.

Entertainment Network India Ltd. (ENIL) has entered into a non-binding MoU with TV Today Network (TVTNL) for the proposed acquisition of radio business of TVTNL.