Top Ten Stocks in Focus on Monday, 3 October 2016
The Indian market is expected to open higher on Monday tracking positive trend seen in other Asian markets.
Here is a list of Top Ten Stocks that are likely to be in focus today
Tata Motors: Homegrown auto major Tata Motors is planning to increase prices of its passenger vehicles during the ongoing festive season to offset rising input cost.
Maruti Suzuki: The country’s largest car maker Maruti Suzuki posted a 29.4% growth in domestic sales at 137321 units last month on account of demand in the ongoing festive season.
RBL Bank: RBL Bank, one of India’s fastest growing banks, has announced the acquisition of a 9.99% stake in Utkarsh Micro Finance Ltd (UMFL) in what is a strategic move to reach out to the unbanked and underbanked segments of society.
SBI & PNB: Government is considering roping in two-three banks, including SBI and PNBBSE 1.78 %, to pick up stake in IIFCL-anchored Rs 500-crore Credit Enhancement Fund announced by Finance Minister Arun Jaitley in the budget this year.
Vedanta: Mining giant Vedanta Resources has paid more than USD 2 billion (over Rs 13,300 crore) in taxes, royalties, licence fees and other payments to India in the last financial year ended March 2016.
Ashok Leyland: Hinduja Group flagship Ashok Leyland is gearing up for its solo journey in the light commercial vehicle (LCV) space after separation from partner Nissan with plans to introduce 8-10 products over the next 2-3 years that will entail an investment of up to Rs 400 crore.
ONGC & Oil India: State-owned ONGC and Oil IndiaBSE 2.24 % are making losses on natural gas production after government cut rates for the fourth consecutive time to bring down selling price to below the cost of production.
Kotak Mahindra Bank: Reserve Bank has allowed foreign investors to hike their stakes in Adani Ports and Special Economic Zone Ltd and Multi Commodity Exchange to 49 per cent and 34 per cent, respectively.
Muthoot Finance: Gold loan company Muthoot Finance is expected to raise Rs 500 crore by issuing nonconvertible debentures (NCDs) during second week of November this fiscal.
Mahindra Holidays & Resorts India: MHRIL on Saturday said it has inked a pact to acquire 12 per cent stake in Nreach Online Services. The company, however, did not disclose any financial detail of the stake acquisition.