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Fifteen stocks in focus in Tuesday morning trade

The Indian market is expected to open flat. Here is a list of top fifteen stocks that are likely to be in focus today.

ET Online|
Updated: Mar 29, 2016, 08.05 AM IST
The Indian market is expected to open flat. Here is a list of top fifteen stocks that are likely to be in focus today.
The Indian market is expected to open flat. Here is a list of top fifteen stocks that are likely to be in focus today.
NEW DELHI: The Indian market is expected to open flat on Tuesday tracking muted trend seen in other Asian markets.

"In Monday's session Nifty50 gave flat opening and made high of 7715, but it could not cross it's importance resistance level of 7760 and gave correction in latter part of the session and made a low of 7611," said Rohit Gadia, Founder & CEO, CapitalVia Global Research Ltd to

"It suggests that bears overrule the bulls. We can expect a bearish movement for the next few trading sessions if it breaches the immediate support mark of 7600," he said.

Here is a list of top fifteen stocks that are likely to be in focus today:

Tech Mahindra Ltd: Tech Mahindra, the IT arm of the Mahindra Group, said it joined General Electric's Digital Alliance Program and will use GE's industrial internet platform to build more solutions in the power, oil & gas and transportation industries.

IDBI Bank Ltd: IDBI Bank has allotted 158 million equity shares, equivalent to 7.16 per cent stake, on preferential basis to Life Insurance Corporation of India (LIC), which now holds over 14 per cent stake in the state-run lender.

NTPC Ltd: Public sector power generator NTPC announced the commissioning of 660 MW unit-3 at Mouda Super thermal power station.

UCO Bank: The bank in a filing to the BSE on Monday said that it will raise Rs 935 crore by issuing preferential shares to the government.

Syndicate Bank: The bank in a filing said it will raise up to Rs 740 crore through preferential allotment. The decision to allot shares to government is to be taken at the meeting of the Board of Directors on March 31.

ONGC: State-run Oil and Natural Gas Corporation (ONGC) has unveiled a Rs 34,000-crore ($5-billion) investment plan to develop its KG Basin fields delayed for years, which would help boost the company's oil and gas output by a fifth in about four years.

Mastek Ltd: The company informed BSE that the Board of Directors of the Company at its meeting held on March 28, 2016 at 06:00 PM, has approved the Change In Pricing Policy between the Company and its wholly owned subsidiary in the United Kingdom, Mastek UK Limited.

Subex Ltd: Subex Ltd approves allotment of 81.1 mn shares upon FCCB conversion. The lenders also agree to lower interest rates to 5 per cent from 10.5 per cent.

NBCC Ltd: State-owned construction firm NBCC Ltd has sought shareholders' approval for stock split as the company is likely to launch follow-on public offer ( FPO) under the government's disinvestment programme.

Jubilant FoodWorks Ltd: Wipro announced a five-year partnership with the country's top food service company Jubilant FoodWorks to deliver energy management services and help reduce energy and operational costs.

GVK Power & Infrastructure Ltd: Watsa's Fairfax Financial Holdings plans to buy 33% of Bangalore International Airport Ltd from GVK Power & Infrastructure for Rs 2,149 crore, the Hyderabad-based conglomerate said Monday.

Anjani Portland Cement: Markets regulator Sebi has given its go-ahead to Anjani Portland Cement for a rights issue to raise Rs 75 crore.

Shriram Transport Finance Company: The company is planning to raise Rs 250 crore by issuing non-convertible debentures on private placement basis.

Allcargo Logistics Ltd: The company said it will seek shareholders' approval to raise up to Rs 300 crore by issuing Secured Non-Convertible Redeemable Debentures (NCDs) on a private placement basis.

DLF Ltd: The Walt Disney Co is in talks with India's DLF Brands to open stores in the country, hoping to cash in on the growing demand for branded kids clothing and accessories.

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