Top 15 stocks in focus today: Tata Steel, Sun Pharma, Mahanagar Gas

India Infoline News Service | Mumbai | November 29, 2016 08:30 IST

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

Stock Market
Tata Steel: Tata Steel UK has signed a letter of intent with Liberty House to sell its UK speciality steel business, the company said in a statement on Monday. The deal, which also covers several South-Yorkshire based assets, is being pegged at an enterprise value of £100 million. 

Sun Pharma:  Sun Pharma launched BromSite solution, marked for treatment of postoperative inflammation and prevention of ocular pain in patients undergoing cataract surgery, in the US market.

Triveni Engineering & Industries: Triveni Engineering & Industries reported 120% increase in consolidated net profit at Rs 65 crore for the quarter ended September 30.

Gokul Solutions: The company reported a net profit of Rs 1 crore for the half year ended September 30, 2016 against net profit of Rs 7 crore in the corresponding period last year.

Oil India:  The company has posted a net profit of Rs 580 crore for the quarter ended September 30, 2016 as compared to Rs 706 crore for the quarter ended September 30, 2015.

Tata Power: The company will announce its Q2 numbers today.

Himachal Futuristic Communications: The company has informed bourses that the board has declared first interim dividend of Rs 3.25 per share on 80,50,000 cumulative redeemable preference shares (CRPS) of Rs 100 each for the financial year 2016-17.

JSW Steel: JSW Steel has joined one of two investor groups vying to take over Italy's loss-making Ilva steel plant, as per media report.

Indiabulls Housing Finance Ltd: The company has raised Rs5bn by issuing debentures on a private placement basis.

Timken India: The company reported 41% increase in consolidated net profit at Rs 30 crore for the quarter ended September 30.

Jagran Prakashan: The company has informed bourses that its subsidiary, MBL has filed its draft red herring prospectus with the Securities and Exchange Board of India on November 28, 2016 in order to undertake an initial public offering (IPO). The IPO will comprise of a fresh issue aggregating upto Rs 4,000 million and an offer for sale of upto 2,658,518 equity shares by certain existing shareholders of MBL.

Mahanagar Gas: Mahanagar Gas registered a net profit of Rs 102.24 crore, up 41%, against Rs 72.57 crore in the corresponding quarter last year.

Sadbhav Engineering: Sadbhav Engineering posted a net profit after tax of Rs 18.5 crore for the quarter ended September 30, 2016 as compared to Rs 27.8 crore for the quarter ended September 30, 2015.

Sagar Cements: The Board at its meeting held on November 28, 2016 inter-alia, fixed an issue price of Rs 800 per equity share (which includes a premium of Rs 790 per share) for the 6,11,986 equity shares of Rs 10 each of the company being issued for cash on a preferential basis, subject to receipt of further necessary approvals as may be required.

Suzlon Group: The company has announced that it has bagged a 50.40MW wind power project from a leading business house to be executed in Andhra Pradesh.



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