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Top Twelve Stocks in Focus on Monday, 26 September 2016

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

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

GNA Axles: The rear axle shafts manufacturer will make its stock market debut on Monday. The issue price is fixed at Rs 207 per share. The 63 lakh equity shares public issue was oversubscribed 54.88 times.

ITC & L&T: Raising objection to the proposed sale of government stake in ITC and L&T held through SUUTI, an RSS body has sought the Prime Minister’s intervention in stopping the sell-off, which it said would send wrong signals to investors.

ONGC: The Board of state-owned ONGC has approved the signing of a preliminary agreement for buying a stake in Gujarat government firm GSPC’s KG basin gas block.

BPCL: BPCL Kochi Refinery is all set to become a world-class refiner with crude oil processing capacity of 15.5 MMTPA, Union Minister Dharmendra Pradhan said.

ABG Shipyard: Lenders led by State Bank of IndiaBSE -0.14 % and ABG Shipyard have hired investment bank Rothschild to find a buyer for a majority stake in the company as they struggle to save Rs 16,000 crore worth of loans given to it.

Coal India: State-run Coal India (CIL) has asked for alternative coal blocks from the Mozambique government since it did not find any commercially viable reserves in the block it was allotted a few years ago.

Tata Steel: Indian steel giant Tata Steel is set for what are believed to be crunch talks with trade union representatives of its UK steelworks to settle the deadlock over a 15-billion-pound pension scheme for its workers, the main obstacle in its merger with German rival ThyssenKrupp.

Canara Bank: Canara Bank on Friday said it will raise additional equity share capital not exceeding Rs 1,128 crore, including premium, by way of rights issue, said a report.

Vardhman Textiles Ltd: The Board of Directors of Vardhman Textiles Ltd at its meeting held on September 24, 2016, has approved the proposal to buy-back the fully paid-up equity shares of face value of Rs. 10 each of the Company.

Dilip Buildcon Ltd: Dilip Buildcon Ltd has received Letter of Award from National Highway Authority of India (NHAI) dated September 22, 2016, to the Company for the Project Chichra to Kharagpur in the State of West Bengal under EPC Mode.

Rain Cements : Rain Cements has commenced operations of a waste heat recovery-based power plant to generate up to 7 MW of gross electrical energy from waste heat at the Kurnool plant in Andhra Pradesh.

NHPC: The government has put off the proposed share sale of NHPC to its employees citing ‘technical reason’. Earlier, the Centre had said it plans to sell 6.288 crore shares of Rs 10 each to eligible employees at a discounted price of Rs 20.66 a share.