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Stocks in focus on 26 March 2018

Here is a list of top stocks that are likely to be in focus in today's trading session.

ETMarkets.com|
Updated: Mar 26, 2018, 09.10 AM IST
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Stock in news: Tata Power,  NTPC and Union Bank
Stock in news: Tata Power, NTPC and Union Bank
NEW DELHI: The domestic equity market is likely to see a negative opening on Monday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues. Nifty futures on the Singapore Stock Exchange were trading 38.50 points, or 0.38 per cent, lower at 10,033.50, indicating a negative start for the Nifty50 on Dalal Street. Here is a list of top stocks that are likely to be in focus in today's trading session.

Indiabulls Real Estate: The company announced that the company's WOSs, pursuant to their Board authorisations, have executed transaction documents with the entities controlled by the Blackstone Group, to divest their entire holding in certain subsidiaries and thereby indirectly divesting 50 per cent stake in Indiabulls Properties and Indiabulls Real Estate Company at an aggregate enterprise value of $1,461.5 million equivalent to Rs 9,500 crore.

RCom: Russia’s Sistema has emerged as the highest bidder for the remaining assets of Anil Ambani-owned Reliance Communications at a total value of $1.5 billion, said three people familiar with the developments. The assets comprise overseas and enterprise telecom business and data centres.

Cipla: The drugmaker has announced the launch of an authorised generic version of Aloxi in the United States under applicable agreements with Helsinn Healthcare SA, in response to the at-risk launch by Teva.

Dilip Buildcon: Dilip Buildcon has incorporated a new SPV 'DBL Bangalore Nidagatta Highways' to undertake the project 'Six laning of Bangalore-Nidagatta Section km. 18.000 to km. 74.200 of NH-275 in Karnataka to be executed on Hybrid Annuity Mode.'

Coal India: The companywill adopt a new pricing system from April 1, which the company’s chairman said will be more customer friendly, transparent and aligned with global norms.Coal India will start charging prices determined on the basis of paise per unit of energy for various grades of coal to be sold from next month.

NTPC: State-owned power giant NTPC today said its first unit of 2x800 MW Lara Super Thermal power station in Chhattisgarh commenced generating electricity, which took the group's total capacity to 52,991 mw.

Alkyl Amines Chemicals: The company announced that the newly set up plant situated at Dahej, Gujarat for manufacture of Methylamines has commenced production with effect from 24 March 2018.

Cadila Healthcare: CLSA has upgraded Cadila Healthcare to ‘buy’ from ‘underperform’ and raised target price to Rs 450 from Rs 440. The brokerage said it is upgrading the stock due to attractive valuations. A strong US pipeline despite a high base, and improving India and EM outlook led by biosimilar and vaccines launches are the key potential earnings drivers for Cadila, said CLSA.

Reliance Industries: The oil-to-telecom major has entered into agreements on 23 March 2018 to subscribe to 69,787 equity shares of Saavn Media (Saavn India), for cash aggregating to Rs 805.84 crore, resulting in 41.1 per cent equity stake.

Somany Ceramics: The company’s administrative committee of board of directors have approved increase in its investment from 51 per cent to 61 per cent in the share capital of Sudha Somany Ceramics (formerly known as Sudha Ceramics).

SBI: The country's largest lender said it had classified Chennai-based jewellery firm Kanishk Gold Pvt Ltd (KGPL) as fraud account in November 2017. The sanctioned aggregate limits of Rs 215 crore by SBI in a consortium arrangement has been classified by the bank as fraud on November 16, 2017 for having misrepresented the financial statements from 2009 and liquidated primary security, SBI said in a clarification sought for a news report by exchanges.
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