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Top Twelve Stocks in Focus on Friday, 23 September 2016

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

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

BPCL: Indian energy group Bharat PetroleumBSE 1.38 % Corp Ltd is looking at buying more stakes in oil and gas assets that are already producing to speed up investment returns, the managing director of the company’s exploration business told Reuters.

Morepen Laboratories: New Delhi-based Morepen Laboratories is in talks with Ajay Piramal Group to sell its OTC (over-the-counter) business of market leading brands such as Burnol as it plans to monetise some of its mainstream brands when larger rivals look to expand their consumer product portfolio.

Vedanta: Mining conglomerate Vedanta said it has signed the concession agreement for Rs 1,145 crore redevelopment project of the Mormugao port
in Goa.

Indian Oil Corp. Ltd: IOCBSE 0.83 % wants to buy debt-laden Gujarat State Petroleum Corp.’s (GSPC) entire stake in the in the under-construction Rs 4,500 crore ($672 million) GSPC-Adani liquefied natural gas (LNG) terminal in Mundra, Gujarat, said a media report.

Wipro : Wipro consumer care and lighting’s Singapore arm has acquired a Chinese FMCG company Zhongshan Ma Er Daily Products Ltd in an all-cash deal
for an undisclosed amount.

Bharti Airtel: The country’s largest telecom operator Bharti Airtel will invest around Rs 14,667 crore ($2.2 billion) in the Indian and south Asian markets in the current financial year (FY17), as it looks to strengthen network capabilities, said a media report.

Sun Pharma: Sun Pharmaceuticals is among several pharmaceutical companies and private equity investors that have reportedly expressed preliminary interest in buying the dermatology business of BayerBSE 1.49 %.

HDFC Bank: HDFC Bank has raised Rs 6,700 crore by selling infrastructure bonds to top fund houses such as Reliance MF, ICICI Prudential, Birla Sun Life MF & Kotak MF, three people familiar with the matter said.

Essar Steel Ltd: SSG Capital, which has a controlling stake in asset reconstruction firm Asset Care and Reconstruction Enterprise, on Thursday offered to buy out banks’ Rs 44,000 crore of loans to Essar Steel at half the price.

Majesco: Glemham underwriting and Majesco team up to create a dynamic new cloud-based bureau for the UK general insurance market.

BHEL: BHEL, chairman, and managing director Atul Sobti said enhanced focus on project execution has resulted in the company creating history by way of commissioning synchronising an all-time high 15,059 MW of power generating equipment during the year, said a media report.

Fineotex Chemical Ltd: Fineotex Chemical Ltd gets members’ nod to sell an investment in FCL Landmare Pvt Ltd. The subsidiary was incorporated in 2013 but did not carry any activity and had a net worth of Rs 30,297.