Top Ten Stocks in Focus on Friday, 02 September 2016
The Indian market is expected to open flat on Friday tracking muted trend seen in other Asian markets.
Here is a list of Top Ten Stocks that are likely to be in focus today
PVR: Asia’s largest film group and theatre operator Wanda Cinema, owned by China’s richest man, Wang Jianlin has revived talks with Ajay Bijli, the promoter of PVR LtdBSE 4.89 %, to buy a controlling stake in India’s largest multiplex
operator, said at least four sources aware.
Tata Motors: Tata Motors reported a 6 per cent increase in total sales at 43,061 units in August. The company sold 40,679 units in the same month last year.
RIL: The official panel’s report on the Reliance-ONGC gas dispute has left the government in a fix as the report has not quantified the compensation to be paid for the gas that flowed into RIL’s block.
Coal India: The government’s plan to push Coal India to produce one billion tonnes of coal by 2020 has taken a back seat as officials now think that the Indian economy is not yet equipped to consume the quantity and huge unsold stocks are a testimony to it.
JSPL: A hard-nosed global fund has pulled the plug on debt-laden Jindal Steel and PowerBSE -2.20 % (JSPL), a listed company led by the Congress man Naveen Jindal.
Mphasis : World’s largest alternate asset manager, Blackstone Group has concluded its acquisition of a controlling 60.5 per cent stake in IT services firm Mphasis from Hewlett-Packard Enterprise (HPE).
Essel Propack: Packaging firm Essel Propack reported 6.63 per cent increase in its consolidated net profit for the June quarter at Rs 37.62 crore. The company had posted a net profit of Rs 35.28 crore in the corresponding period last year, Essel Propack said in a BSE filing.
NTPC: State-run NTPC LtdBSE -0.32 % has decided to snap power supply to BSES DISCOMS in eastern and central parts of Delhi from Sunday midnight because of non-payment of dues amounting to Rs 961.58 crore.
TVS Motor Company: The two-wheeler company posted a growth of 20.5 per cent in sales during August 2016, with total sales increasing to 274,303 units
from 227,653 units recorded in the same month of last year.
Trent: Reserve Bank has restricted foreign investors to increase stake further in Tata Group departmental firm Trent as the permissible limit has been crossed.