Top Twelve Stocks in Focus on Wednesday, 14 September 2016
The Indian market is expected to open lower 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
Coal India: Coal India recorded a 14 per cent dip in net profit during the first quarter of the current fiscal on the back of a near 6 per cent fall in income from operations.
Tata Steel: The steelmaker had reported a net profit Rs 317 crore for the same quarter a year ago. The company said gross debt for the quarter stood at Rs 81,975 crore. Net debt at Rs 75,259 crore was Rs 4,171 crore higher than the year-ago period.
Wipro: Country’s third largest software services firm Wipro said it has partnered with Silicon Valley-based cybersecurity company VectraBSE -0.67 % Networks to offer an automated “threat hunting” platform to enterprises.
RIL: The board of Reliance Jio Infocomm on Monday cleared raising Rs 15,000 crore via an issue of optionally convertible preference shares, replacing the rights issue for the same amount it had approved in July.
Reliance Communications: The much-anticipated $6-billion merger between Anil Ambani-led Reliance Communications (RCom) and Aircel is expected to be announced this week, paving the way for what would be the first in-market telecom merger of a national scale in the country, said officials in the know.
Sun Pharmaceuticals: The uproar over high drug prices in the US has come to hit Indian drug companies as Sun Pharmaceutical IndustriesBSE 0.22 % unit Taro Pharmaceutical Industries has been summoned by the US Department of Justice (DOJ) over its pricing policy.
Gitanjali Gems: Gitanjali Gems reported a net profit of Rs 22.2 crore for the quarter ended June 30 compared with Rs 13.5 crore reported in the year-ago period.
Idea Cellular: Idea Cellular Monday said that it has decided to proactively expand Points of Interconnect (POIs) capacity with the release of 196 additional points that could now cater to Reliance Jio’s over 6.5 million subscribers.
Siemens India: Siemens AG is considering a sale of its remaining stake in lighting business Osram Licht AG, valued at 866 million euros ($972 million), to potential buyers including Chinese investor GSR GO Scale Capital, according to people familiar with the matter.
Bharti Airtel: Bharti Airtel, India’s largest phone operator, agreed to provide additional points of interconnection to 4G entrant Reliance Jio Infocomm following bilateral talks, indicating that a slugfest between telecom companies over this contentious issue is thawing.
HCC: HCC has bagged an order worth Rs 181.65 crore from the Department of Atomic Energy to build high rise residential towers at Indira Gandhi Centre for Atomic Research at Kalpakkam in Tamil Nadu.
Future Enterprises: Homegrown retail major Future Enterprises on Tuesday reported a standalone net profit of Rs 315.48 crore for the first quarter ended June 2016.