Monday, 6 June 2016

Monday Top Stock Market News Tips Updates

Top Stocks in focus in Monday Stock Market Trade :-
The Indian market is expected to open flat on Monday tracking muted trend seen in other Asian markets. For daily share market news and trading service visit at www.marketmagnify.com or get free trials just give one missed call at +917879-88-11-22

Here is a list of Top Ten Stocks that are likely to be in focus today

Jaiprakash Associates: The diversified Jaypee Group companies have defaulted on loans and other payments worth Rs 4,460 crore. The Group has on a consolidated basis failed to repay Rs 2,905.6 crore in principal amount to banks and another Rs 1,558.93 crore crore in interest payments.

Excel Crop Care Ltd: Japanese conglomerate Sumitomo Corp. has acquired 44.98% stake in Excel Crop Care Ltd BSE 1.73 % for around Rs.623.44 crore and also announced the launch of a Rs.415.80 crore open offer to acquire further 30% stake in the company.

Adani Enterprises: Indian conglomerate Adani Enterprise Ltd may walk away from its proposal to build one of the world’s biggest coal mines in Australia, citing long delays caused by legal challenges to to the project by groups concerned about the environment.

Sun Pharma: A wholly owned US subsidiary of Indian drug maker Sun Pharma BSE 0.58 % has agreed to divest two oral solid dosage manufacturing facilities to Frontida BioPharma.

Coal India: Mining behemoth Coal India BSE -1.36 % is likely to deliberate on a proposal to buy back its shares in its next board meeting. “Coal India had a meeting with the government last week and a buyback proposal is likely to be placed before the next board meeting,” company officials told PTI.

Cipla: Three years since Cipla BSE 0.99 % New Ventures announced its plans to nurture innovative business ideas, the first product of that initiative has been approved under brand name Stempeucel, a drug that could possibly turn into a blockbuster.

Biocon: Indian biotech frontrunner Biocon and its global partner for biosimilars, Mylan , have announced positive data from phase 3 clinical trials of a proposed copy of trastuzumab, a complex injection used widely to treat a type of breast cancer.

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