Stocks to watch: Indiabulls Housing, Lakshmi Vilas Bank, Bharti Airtel, RIL, TCS
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New Delhi, Oct. 10 -- Here is a list of top 10 stocks that may be in focus on Thursday:
Indiabulls Housing: The Reserve Bank of India (RBI) has rejected the proposed merger of Lakshmi Vilas Bank Ltd (LVB) with Indiabulls Housing Finance Ltd (IHF), puncturing the shadow bank's attempt to get a banking licence. This comes after the RBI in September placed LVB in the prompt corrective action (PCA) list due to inadequate capital ratio, high level of bad loans and negative return on asset (RoA) for two years in a row.
TCS: The IT major will kick start the earnings season for the September quarter on Thursday. This is likely to set the tone and steer the Indian equity market. A slowdown in the economy combined with liquidity concerns in non-b...
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