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Top Ten Stocks in Focus on Thursday, 25 August 2016

The Indian market is expected to open flat on Thursday tracking mixed trend seen in other Asian markets.

Here is a list of Top Ten Stocks that are likely to be in focus today

Welspun India: Global retail giant Walmart is reviewing cotton certification records of Welspun India in the wake of Target Corporation’s decision to terminate contract with the Gujarat-based textiles maker over alleged lapses in products supplied to it.

ITC: The Delhi High Court on Wednesday did not issue any stay order on ITC Ltd’s suit against rival biscuit maker Britannia Industries LtdBSE 0.78 % which had alleged that the latter had copied the packaging colour combination of its digestive biscuit for their recently launched product.

Punj Lloyd : Punj Lloyd expects to bag its maiden defence order for upgrading Zu23 air defence guns worth Rs 400 crore in a month’s time, a top executive from the company told ET.

Tata Consultancy Services: India’s largest IT services provider, has settled its three-year-old lawsuit with US district Orange County for $26 million, even as it faces the prospect of a far larger payout in the Epic Systems case.

Tata Power: Tata Power, one of India’s largest integrated power company, announced that its generation capacity increased by close to 9 per cent in the first quarter of the current fiscal against the previous corresponding period.

Reliance Communications: RComm unveiled a software-based WAN (wide area network) product from its subsidiary Global Cloud Xchange, targeting banks, government departments and others firms having offices across the country.

8K Miles Software: Cloud computing player 8K Miles Software said it plans to raise Rs 500 crore through a mix of instruments, including issue of fresh equity shares or convertible bonds via qualified institutional placement, among others.

Tata Steel: Tata Steel has initiated exports of Tata Ferroshots from its new steel plant located in Kalinganagar in Odisha. The first export consignment was flagged off from the plant to a South East Asian country on Tuesday.

PNC Infratech: PNC Infratech on Wednesday reported more than doubling of its consolidated net profit to Rs 54.20 crore for the quarter ended June 30, 2016. The company had registered a net profit of Rs 22.13 crore for the corresponding period a year ago, it said in a filing to the BSE.

MCX: Ending a long-run dispute over its shareholding, leading commodity exchange MCX today said it has entered into an agreement with stock bourse MSEI to settle their dispute over warrant cancellation out of court.

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