Top 18 stocks in focus today: SBI, Tata Steel, Maruti Suzuki

Check out the companies which will be in focus during trade today based on recent and latest news developments.

State Bank of India: State Bank of India Chief Financial Officer (CFO) Anshula Kant told a business news channel on Wednesday that the revised RBI norms on asset revaluation may increase the bank’s tier-I capital by 100 bps or more. SBI has moved the Bangalore debt recovery tribunal (DRT), seeking an arrest warrant against Vijay Mallya, according to media reports.

Tata Steel Ltd: The company has received final environment clearance for its Rs.18.8 bn expansion project to be carried out at Jamshedpur Steel Works in Jharkhand. 

Tata Motors: Tata Motors JLR India total sales grew by 54% year-on-year to 277 units compared to 179 units reported in the year-ago period.

Central Bank of India: Central Bank of India said its board has approved raising over Rs. 165 crore by issuing additional equity shares to insurance giant LIC on preferential basis.

Dr Reddy's Laboratories: The pharma companyreceived USFDA nod for injection  treating chemotherapy-induced nausea, as per media reports. The company is seeking approval from its shareholders for a share buyback for an aggregate amount not exceeding Rs. 1,569.42 crore. 

HDFC: HDFC said it will raise Rs 2,000 crore via non-convertible debentures.

NHPC: Fitch Ratings has affirmed NHPC long-term foreign and local currency issuer default ratings (IDRs) at 'BBB-' and said the outlook is stable.

Hitech Plast: The company informed BSE that there are disruptions in manufacturing operations at their Rohtak plant unit due to the recent agitation in Haryana. 

Shipping Corporation of India, Dredging Corporation of India: Shipping Corporation of India Ltd (SCI) and Dredging Corporation of India Ltd (DCI) and other government entities will have to buy only Indian-built ships from 2025 onwards when a 10-year financial assistance scheme approved by the Union Cabinet ends, reports a business daily.

Eveready Industries: Eveready Industries India Ltd. is looking to spin off its packet tea business into a separate unit and scale it up by aligning its operations with the promoter group’s McLeod Russel India Ltd, reports a business daily.

Future Group: Future Group is in the process of forming a distribution alliance with Star Bazaar, the hypermarket format under Trent for selling packaged food & grocery brands under a private label, reports a business daily.

Ballarpur Industries: Ballarpur Industries has now informed that the long stop date for sale of entire equity stake of 98.08% in Sabah Forest Industries Sdn. Bhd., Malaysia (SFI) by Ballarpur Paper Holdings B.V. (BPH), a step down subsidiary of the Company and holding company of SFI to Pandawa Sakti (Sabah) Sdn. Bhd., Malaysia (Purchaser) pursuant to the Share Sale Agreement, has been extended up to March 31, 2016, based on satisfactory discussions & written request of the Purchaser.

Inox Wind: Inox Wind Ltd has bagged a 20 MW wind power project, which would be set up at Mandsaur in Madhya Pradesh. The order has been placed by PTC Energy, a 100 per cent subsidiary of PTC India.

Maruti Suzuki India: Maruti Suzuki India said its compact car Alto has crossed 30 lakh unit sales mark in the domestic market, thus becoming the only brand in India to achieve this feat.

Gayatri Projects: The company has forayed into the fast-growing railway EPC sector by winning a Rs. 4,744-crore contract for designing and building the Iqbalgarh - Vadodara section of the Western Dedicated Freight Corridor (DFCC) in a consortium with Sojitz Corporation and L&T Ltd.

Wipro: After rolling out pilot exercise to go past its traditional bell curve appraisal system last year, the third largest IT firm of the country, Wipro is now in process of implementing a new evaluation system, according to reports.

HCL Tech: HCL Tech has signed a five year Next–Generation Information Technology Outsourcing (Next–Gen ITO) contract with Husqvarna AB, a leading manufacturer of outdoor power products including robotic mowers, garden tractors, chainsaws and trimmers.

Bharat Forge: Life Insurance Corporation of India (LIC) has increased its stake in components maker Bharat Forge Ltd by 2.02%, by buying 47.12 lakh shares in the open market.

Ashoka Buildcon: The company is likely to refinance loans worth Rs.3,200 crore as per CNBC report.

HCL Infosystems: HCL Infosystems announced a strategic alliance with Avaya, a global leader in business communications software, systems and services, to help businesses and organizations in India accelerate their digital transformation strategies.