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Stocks to Look Out For Today, On 13th June 2017

Domestic equity markets are likely to have opened in green today, 13th June 2017 following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.

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

Allahabad Bank: State-owned Allahabad has cut MCLR rates for various tenors in the range of 0.10-0.15 per cent with effect from Monday.

Sagar Cements: The Hyderabad-based Sagar Cements is expecting around 18 per cent jump in its production to 2.6 million tonnes in FY 2017-18. The company is also targeting an overall market growth of 10 per cent on consolidated basis from its captive market spread between South Maharashtra and Odisha.

Reliance Capital: The board of directors of Reliance General Insurance Company Ltd (RGI), a 100 per cent subsidiary of Reliance Capital, on Monday approved a proposal to independently list the company on the stock exchanges. The independent listing of Reliance General Insurance Company Limited is expected to unlock substantial value for all stakeholders.

Reliance Communications: According to Bloomberg, Reliance Communications has approached Citic Telecom International Holdings as it makes a fresh attempt to attract a buyer for its undersea cable unit.

Jeevan Scientific Technology: The company on Monday announced that the USFDA conducted an un-announced audit of its corporate and clinical pharmacology centre facilities. The purpose of this audit was to review the BA/BE studies. The auditor started the review on June 5, 2017 and completed on June 8, 2017. No 483 observations were issued.

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