Top 5 stocks in focus on September 5: Telecom stocks, Texmo Pipes to McNally Bharat; here are the 5 newsmakers of the day

The benchmark domestic indices closed negative on September 4, 2018, but there were certain stocks, like power sector, Texmo pipes to LT Foods, that made news after the domestic market were closed for trading. These stocks can have its impact on the Indian stocks market on September 5, 2018, during the trading hours. Here is a list of such stocks: 

Banking and Power Sector: The stocks of the two sectors will remain in focus because power minister, who doesn't want to send power companies to NCLT, will be meeting with the stakeholders like Banks and ICPSE to discuss the ways to address issues being faced by stressed power plants. 

Telecom Stocks: The telecom stocks will remain in focus because of the new telecom policy, National Digital Communications Policy, is expected to be placed before the Cabinet for approval in next two weeks. 

Texmo Pipes And Products: The company has received an order of HDPE Pipe worth Rs 81.30 Cr from Larsen & Toubro Limited, Chennai. The execution period of the aforesaid order is 9 months. 

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McNally Bharat Engineering Co. Ltd.: The company has received an order worth about Rs107.97 crore from NLC India (formerly Neyveli Lignite Corporation). The order relates to work of construction of 544 colony houses and community hall, including internal electrification at Khinda, Odisha. 

LT Foods: The board of the company has approved the infusion of equity capital by Rabobank’s India Agri Business Fund II Ltd into NBFL, a wholly owned subsidiary of the company. This facilitates investment of up to Rs 140 crore in the global organic foods business.