Wednesday, 15 June 2016

Top stocks in focus: Infosys, Coal India, Tata Power

Check out the top stocks which will be in focus during trade today based on recent and latest news developments.

SBI: ChrysCapital Investment Advisors India Pvt. Ltd and Singapore’s sovereign wealth fund GIC Pte. Ltd ​are planning to acquire 5% stake in National Stock Exchange of India Ltd (NSE), according to reports.

Stock MarketCoal India: The company said its subsidiary South Eastern Coalfields Ltd will buy back shares worth Rs.1,200.19 crore.

Infosys: Infosys has added almost Rs. 1 lakh crore in market value in the last two years, says report.

Tata Power : The company will buy 25% of Resurgent Power for $300 million as part of a consortium to primarily buy both coal-fired and hydro power assets in India, besides looking at power transmission companies, as per media report.

PNB: Punjab National Bank declared a list of 913 willful defaulters, including Kingfisher Airlines and NAFED, with total outstanding dues of Rs.11,486 crore.

Bharti Infratel: The telecom company will buy back shares worth Rs.2,000 crore from shareholders.

Crompton Greaves Consumer Electricals Ltd: The company said HDFC Mutual Fund has trimmed its stake in the company by 2.01% to 7.20% by sale​ of​ shares worth ​Rs.​168 crore in the open market.

Tata Motors: According to the Cogencis report, the company's luxury car making arm Jaguar Land Rover has started a new manufacturing plant in Brazil.

Union Bank of India: The bank is planning to raise funds through the issuance of Basel III-compliant tier-II bonds.



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