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Top Twelve Stocks in Focus on Wednesday, 07 September 2016

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

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

Vedanta: Mining major Vedanta Resources said on Tuesday that its shareholders have approved the merger of group companies Vedanta Ltd. and Cairn IndiaBSE 1.08 %.

SBI: India’s largest lender the State Bank of IndiaBSE 0.73 % has raised Rs 2,100 crore through perpetual bonds at 9 per cent interest rate amid fears that perpetual bond-holders may face a delay in interest repayments with most of the state-owned banks posting quarterly losses.

Oil India: Lower prices of crude oil have led to a 33.4 per cent drop in Oil India Ltd’s net profit for the first quarter of fiscal 2016-17. The company’s net profit for the quarter stood at Rs 494.41 crore as compared to Rs 743.21 crore in the same quarter last year.

Britannia Industries & ITC : The Delhi High Court directed Britannia Industries LtdBSE 0.65 % to withdraw its Nutri Choice Digestive Zero biscuits in their current packaging in four weeks from the market after ITC LtdBSE 0.57 % alleged the former had copied the packaging of its Sunfeast Farmlite Digestive All Good biscuits.

Jindal Poly : The company reported Rs 98.8 crore net profit for the quarter ended June 30 compared with Rs 163 crore reported in the year-ago period.

Aegis Logistics Ltd: The company has informed BSE that the Infrastructure India Holding Fund LLC (“IIHF”), who invested in Aegis Logistics in the year 2011 has reduced its stake below the limit prescribed under the said agreement.

Reliance Capital: RCap, a unit of the Anil Ambani-led Reliance Group, has raised about Rs 2,000 crore through non-convertible debentures.

EIL: Engineers IndiaBSE 1.06 % has signed a pact with Indian OilBSE -0.35 % Corp to provide Engineering, Procurement and Construction Management (EPCM) services for implementing BS VI quality up-gradation program at its six refineries.

ILandFS Engineering and Construction Company Ltd: The company said that it has won a Rs 173 crore contract from Gas Authority of India Limited (GAIL), for laying and construction of a pipeline along with associated works.

NBCC: NBCC (India) has secured orders worth Rs 270 crore from University Grant Commission, the company said in a post-market-hours disclosure.

Syngene International Ltd : The contract research services arm of Biocon LtdBSE -0.12 %, is setting up a drug discovery and development center in Bengaluru for Amgen Inc., a biotechnology company based in the US, said a media report.

Equitas: Equitas Small Finance Bank, which commenced its banking business on Monday when the country celebrated Ganesh Chaturthi, said it plans to
spend Rs 80 crore to open 412 bank branches by refurbishing and relocating the old ones to better locations to attract eyeballs.

LIC HF: LIC Housing Finance plans to raise Rs 1,000 crore by selling the so-called masala bonds in the international market. The company will seek to
emulate the success of rival HDFC, which has raised Rs 4,500 crore in three tranches of such bonds since July this year.