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Top 17 stocks in focus today: L&T, Axis Bank, Arvind

  • Axis Bank: The bank said it proposes to raise funds by issuing unsecured redeemable non-convertible subordinated debentures (Basel- III compliant Tier II debentures) (Series - 25) of the face value of Rs 10 lakh each for cash at par aggregating to Rs 1,800 crore

    L&T: The company will announce its Q2 numbers today.


    Sobha Ltd: Sobha posted its consolidated net profit at Rs 38 crore for the September quarter of the current fiscal. Its net profit had stood at Rs 39 crore in the same period of last financial year.

    Arvind Ltd: Textiles and branded apparel major Arvind Ltd has raised Rs 740 crore by diluting stake in subsidiary Arvind Fashions Ltd. The company has completed the transaction and raised the amount from Multiples, a private equity firm.

    Tata Consultancy Services: Cyrus Mistry made certain unsubstantiated allegations, which cast aspersions on Tata Sons Ltd and its board and “the Tata group as a whole”, Tata Sons said in an explanatory statement to its notice calling a meeting of shareholders in Tata Consultancy Services Ltd.

    Indian Hotels: The company has decided to convene an EGM to consider removal of CP Mistry as director. The EGM will be held on December 20.

    Wipro: The company announced that it has been selected as a member of the global Dow Jones Sustainability Index (DJSI) - 2016 for the seventh year in succession. Wipro is included in both the DJSI World and Emerging Markets Indices.

    Dhampure Speciality Sugars: The company reported a net profit of Rs 12 lakh against net profit of Rs 10 lakh in the corresponding quarter last year.

    IRB Infra: The company will announce its Q2 numbers today.

    Zydus Cadila: The pharma company has received final approval from the US health regulator to market its Metronidazole tablets used for the treatment of infections caused by bacteria or parasites.

    Mahindra & Mahindra: M&M opened its Rs1.50bn spare parts warehouse in Jaipur to cater to customers in north and north western regions of the country for both automotive and tractor spare parts.

    Bosch India: The company has launched ‘discover, nurture and align-DNA’, its first accelerator programme for start-ups, which offers start-ups the opportunity of gaining access to Bosch’s working environment.

    Reliance Infrastructure: RInfra has won an EPC order for Rs 36.75 bn from NLC India Limited for setting up two lignite based CFBC thermal power projects with a capacity of 250MW each.

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