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Top Twelve Stocks in Focus on Friday, 30 September 2016

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

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

Yes Bank: The bank is planning to raise up to Rs.2,500 crore by issuing long-term bonds on a private placement basis.

NHPC: NHPC Ltd said it has signed a power purchase pact with Rajasthan as well as Inox Ltd for a 50 mw wind power project in the state.

Lupin: Lupin said it has received approval from the US health regulator to market its memantine hydrochloride extended-release capsules, used in treating Alzheimer’s disease.

Tata Steel: Tata Steel is planning to add 6 million tonne steel output to its existing 13 million tonne capacity across two facilities at Jamshedpur and Kalinganagar through brownfield expansion over the next few years, as per media reports.

Zee Entertainment Enterprises Ltd: Zee Entertainment announced acquisition of UAE-based radio station. The company already operates satellite television channels like Zee Aflam and Zee Alwan in the UAE market.

Kotak Mahindra Bank: ING offloaded a 2.5% stake in Kotak Mahindra Bank for an estimated Rs 3,653 crore through an open market transaction.

Indian Overseas Bank: R Subramania Kumar has been appointed as Executive Director of state-owned Indian Overseas Bank, as per media reports.

Religare Enterprises: Religare Finvest Ltd, a unit of Religare Enterprises Ltd, plans to raise Rs.650 crore ($100 million) through a sale of stock to existing shareholders to improve its capital adequacy ratio, as per media reports.

Sintex Industries: Sintex Industries said its board has approved demerger of custom moulding business and prefab business from its two arms Sintex BAPL and Sintex Infra Projects, respectively.

HCL Technologies: HCL and IBM said that the companies have entered a 15-year partnership for automation and development and operations.

Jubilant Life Sciences: Jubilant Life Sciences has successfully raised $300 million through a sale of unsecured bonds by its pharmaceuticals arm in Singapore, as per media reports.

Lovable Lingerie: Promoters of Lovable Lingerie Ltd are in talks with private equity funds to sell 15-20% stake in the company, as per media reports.