Indian shares are expected to trade in range with a negative bias on Tuesday tracking mixed Asian markets. Tracking the weakness, the Nifty may even test its crucial 5250 mark in trade today.
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TOP 5 STOCKS TO TRADE TODAY
1) Shriram City Union Finance Ltd, after the company plans to raise funds up to Rs 500 crore through a public issue of Secured Non Convertible Debentures (NCD) of face value of Rs 1,000 each.
This includes an option to retain over-subscription up to Rs 250 crore for issuance of additional NCDs. The Issue opens on September 12, 2012 and closes latest by September 24, 2012. The tenure of the NCD ranges from 36 months to 60 months.
2) Reliance Infrastructure and HCC will be in focus after a slab of a staircase of an under-construction Metro railway station collapsed in Mumbai.
3) Kingfisher Airlines Ltd, after the auditors of the company said the airline's actual losses for the year ended March 2012 were more than the reported Rs 2,328 crore.
"BK Ramadhyani & Co, the audit firm for the company, said loss for the year ended March should have been Rs 3,444 crore, which is an increase of Rs 1,116 crore from the reported numbers, and that Kingfisher Airlines owes 539 crore as tax deductable at source to the authorities," ET reported.
4) Balaji Telefilms Ltd, after STAR India is open to selling its 25.9 per cent stake in one of the country's largest production houses, Balaji Telefilms, to its promoters. The broadcaster had bought the stake in 2004.
5) Deccan Chronicle Holdings Ltd, after Tata Capital dragged the Hyderabad -based media house and it's chairman T Venkattram Reddy to the Bombay High Court seeking to recover 101 crore rupees in dues.
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