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Top stocks in focus on 4 October 2017

ETMarkets.com|
Updated: Oct 04, 2017, 08.15 AM IST
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Here is a list of top stocks that are likely to be in focus in today's trading session.
Here is a list of top stocks that are likely to be in focus in today's trading session.
NEW DELHI: Domestic equity markets are likely to open on a positive note on Wednesday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues.

At 8.05 am, Nifty futures trading on SGX were up 11 points, or 0.11 per cent, at 9,885.50, indicating a positive start for NSE Nifty index.

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

Mahindra & Mahindra: A week after awarding a Rs 1,120 crore order for electric cars to Tata Motors, state-run Energy Efficiency Services Ltd has offered to give 40 per cent of the order for 10,000 e-vehicles to Mahindra & Mahindra provided it matches the former's bid.

Eros International: NYSE-listed Eros International has filed a lawsuit against a few investors, accusing them of engaging in market manipulation to pull down its share price. The Mumbai-based company that distributes Indian movies approached the County Supreme Court a few days after it got relief New York County Supreme Court a few days after it got relief from another US court in a class-action suit filed against it.

Apollo Tyres: Apollo Tyres said on Tuesday they had no intention of making any attempts to re-enter the process of acquiring South Korea’s Kumho Tire and Industries after its sale to a Chinese bidder collapsed.

Prabhat Dairy: Mumbai-based Prabhat Dairy is targeting to achieve a turnover of Rs 2,000 crore by the end of 2020 on the back of increasing focus on introduction of new products and entry into newer geographical locations, said a senior company official on Tuesday. The company had a turnover of Rs 1,409.87 crore last fiscal.

Reliance Communications: Rating agency Moody's Investor Services (Moody's) said Reliance Communications' (Rcom) scrapping its merger with Aircel has no impact on the telco's corporate family and senior secured bond ratings. The ratings outlook though remains negative for the Anil Ambani company company.

SBI: Rajnish Kumar is said to be the frontrunner among candidates to head State Bank of India, the country's biggest bank, as Arundhati Bhattacharya's term comes to an end this week. If selected, Kumar will get a four-year term as chairman and managing director (CMD), according to two senior officials.

Auto stocks: The government has cut excise duties on petrol and diesel by Rs 2 per litre with effect from Wednesday, taking an Rs 26,000 crore in tax annual hit of revenue to cushion consumers from soaring fuel prices that have hit an all-time high.

Coal India: State-owned Coal India produced 231.87 million tonnes (MT) of coal in April-September period this fiscal, missing the output target by 4.69 per cent or 11.43 MT. The production target for the first six months of 201718 financial year was set at 243.3 MT, Coal India (CIL) said in a filing to BSE.

Bharti Airtel: Market leader Bharti Airtel is investing a majority of the Rs 20,000 crore in the current fiscal into fourth-generation (4G) technology and fibre-based network, as it has minimised roll out of 3G and 2G infrastructure in the country, a top official said.
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