Twelve stocks in focus on Friday, 16 September 2016
The Indian market is expected to open higher 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
IOC, HPCLBSE 1.29 % & BPCL: Petrol price was hiked by 58 paise a litre while diesel rate was cut by 31 paise per litre in line with international trends.
Welspun India Ltd: The company was pulled up by some of its largest clients in the US for the supply of sheets made of cheap cotton being passed off as the more expensive Egyptian cotton, said a media report.
Hero MotoCorp: Delhi-based Non-Banking Finance Company Hero FinCorpBSE 1.01 % has raised Rs 1,000 crore from ChrysCapital, Credit Suisse, and the group promoters to expand finance to retail and corporate customers.
NMDC & MOIL: Mining giant NMDC and manganese miner MOILBSE 0.73 % said their share buyback programmes worth close to Rs 8,400 crore will open next week on September 19.
Bharat Financial: Bharat Financial Inclusion announced that the Company on 15 September 2016 completed a securitization transaction of Rs. 108 crore. With this, the Company has completed three securitization transactions aggregating to Rs. 852.44 crore in FY17, said a media report.
Jaiprakash Associates Ltd: The Competition Commission of India (CCI) has ordered a probe against Jaiprakash Associates Ltd through majority orders in two separate cases involving real estate projects in the National Capital Region for alleged abuse of dominant market position and the imposition of “unfair” conditions for buyers.
United Bank of India: Central Bureau of Investigation (CBI) has registered a case against ex-Chairman and Managing Director, United Bank of India, a private firm based in New Delhi, another person based in Kolkata and unknown persons, said a media report.
Tube Investments: Tube Investments of India Ltd.BSE 1.01 %, a Murugappa Group company, and Absolute Speciality Foods Chennai Pvt. Ltd., promoted by Ashish Thadani, have come together to float an equal joint venture company to set up bicycle cafes in select locations across the country, said a media report.
GMR Infrastructure: The company reported a multi-fold jump in its standalone net loss at Rs 123.1 crore for the first quarter ended June 2016.
Punjab National Bank: PNB has informed BSE that consequent upon receipt of capital funds to the tune of Rs. 2112 crore from the Government of India on September 14, 2016, the Bank has issued and allotted 16,43,70,768 equity shares of face value of Rs 2 each at a premium of Rs.126.49 i.e. at a price of Rs.128.49 per equity share on preferential basis.
Den Networks Ltd : The company informed BSE that a meeting of the Board of Directors of the Company will be held on September 20, 2016, inter alias, to discuss and approve the proposal for Preferential Issue of Equity Shares.
Slipper Ltd: Polymer pipes manufacturer Skipper said it has commenced commercial production of plumbing and agri pipes from its manufacturing plant in Uttar Pradesh.