Top 10 stocks in focus: RIL,Tata Steel, Grasim Industries
Check out the companies which will be in focus during trade today based on recent and latest news developments.
Tata Steel: The company said its hot steel production rose by 16.66 per cent to 3.01 million tonnes (MT) in the first quarter of the current fiscal.
Bajaj Auto: Rahul Bajaj reportedly said that although India’s GDP can hit a steady-state of around 8.5% for several years, employment “will not rise at anywhere close to that rate of growth”.
Usher Agro Ltd: The company announced that as per the minutes of the meeting of the Joint Lenders Forum (JLF) held on May 13, 2016, the lenders have decided in favour of invocation of Strategic Debt Restructuring (SDR) in the Company to preserve the value of the Company and adopted the "Reference Date" for the purpose as May 13, 2016.
Southern Online Bio Technologies Ltd: The Company has received an order for supply of 14,544 Kilo Liters of Bio Diesel (B-100) towards annual requirement for 10% blend from Andhra Pradesh State Road Transport Corporation for its 76 Depots. The value of the order is Rs. 79,99,20,000/- Per Annum which is likely to continue for a period of three years.
Grasim Industries Ltd: With reference to the earlier letter dated June 04, 2016 wherein the Company had informed about suspension of production at the Company's Staple Fibre Plant at Nagda, the company has announced that with the onset of monsoon, the availability of water has improved and accordingly the operations have resumed in a phased manner, with immediate effect.
Bhushan Steel Ltd: The company announced that for the purpose of capacity addition from 4.00 Million Tons to 5.00 Million Tons per annum of Hot Strip Mill of the Company situated at Distt. Dhenkanal, Orissa, the Company is taking shut down of said Mill for about 20 days.
Sangam (India) Ltd, a leading integrated textile conglomerate, plans to open 10-15 stores in tier I and tier II metro towns by March 2017 and has floated a 100 per subsidiary for the purpose.