Here's why DLF, Future Group and Suzlon in top 10 Stocks

Promoters of DLF Ltd, India’s largest developer by market value, will sell their 40 percent stake in a subsidiary that owns many of the company’s rent-generating assets and a few land assets to institutional, third-party investors, the company said on Thursday. The move facilitates the monetizing of the company’s rental assets through a stake sale to private equity investors or a Real Estate Investment Trust (REIT), and will also effectively reduce the debt on DLF’s books. An audit committee, after reviewing and evaluating many options to drive long-term growth of the rental business and avoid potential conflict of interest between the promoters and the company in relation to the rental business, recommended that the promoters sell their shareholding in the subsidiary DLF Cyber City Developers Ltd (DCCDL) to other institutional investors. With this, DLF promoter companies Rajdhani Investments and Agencies Pvt. Ltd, Buland Consultants and Investments Pvt. Ltd and Sidhant Housing and Development Company, which hold 40 percent equity shareholding in DCCDL will sell their stake to private equity (PE) investors. DLF Ltd will continue to hold its 60 percent stake in DCCDL. DLF promoters have a March 2016 deadline to convert their compulsorily convertible preference shares in the subsidiary DCCDL into equity shares. DLF didn’t disclose the capital it would raise through this exercise although agency cited people whom it didn’t name as saying that it would be between Rs.12,000 crore and Rs.14,000 crore.Future Group to exclusively tie up with Patanjali Group tomorrow. Patanjali products will be exclusively sold in Group's stores. Retail distribution via Future Retail, Future Consumer Enterprise. Future Consumer's retail & distribution via Nilgiris, KB's & Aadhaar. Future Retail's retail & distribution via Food Bazaar, Foodhall & Big Bazaar. Future Group will add huge customer base due to Patanjali brand.Suzlon gets assigned investment grade for first time in 5 years. CARE ratings assigns 'CARE BBB-' credit rating. CARE assigns Investment Grade Rating. Rating assigned for Suzlon's long-term bank facilities. Working cap limits worth Rs 4,936 crore. Rating of 'CARE A3' assigned for Suzlon's non-fund based working capital. Rating will be valid till September 2016. As on March 31, Group had a debt of Rs 17,810 crore.TCI Considering demerger of express delivery solutions business. Demerger from XPS business, Scheme of Arrangement: 1 share of TCI Express for 2 shares of company. Residual business post: supply chain division, freight business & shipping business. Value unlocking exercise, Company trades at a PE of 16x FY17e.Hindalco and Vedanta: Alcoa third quarter below estimate, Lower aluminum prices. Aloca's Unfavorable currency effects. Alcoa stock dropped about 5 percent in extended trading. Thomson Reuters had projected 13 cents/share on USD 5.65 billion revenue. Earnings below street estimates. Revenue down by 11 percent at USD 5.57 billion. Profit at USD 44 million. EPS of 2 cents/share. Net income at USD 109 million and EPS 7 cents/share.8K miles sees strong second quarter. 8k miles provides cloud solutions. Continues to report over 100 percent growth in profit & revenues. Total income up by 21 perent at Rs 61.09 crore versus Rs 50.63 crore. EBITDA at Rs 21.15 crore versus Rs 15.87 crore. EBITDA Margins at 34.6 percent versus 31.35 percent. Profit After Tax rises by 21 percent at Rs 8.74 crore versus Rs 7.22 crore.Elgi Equipments: Nalanda India Equity Fund buys 34.55 lakh shares at Rs 121.5/share. Large deal amounts to 2.1 percent equity stake for Rs 42 crore. As of June, institutions hold 26.7 percent stake in company. SBI MF, HDFC MF & ICICI Pru MF hold stake in company.The other stocks in news are ICICI Bank and Hindalco.