Top stocks in focus: Dr. Reddy’s, RCom, Coal India, Tech Mahindra

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Feb 05, 2019 02:02 IST India Infoline News Service

Stocks to watch
Dr. Reddy’s Laboratories stock in focus as Indivior loses bid for rehearing in Suboxone Patent Case. Indivior Plc was rejected by a US appeals court in its effort to prevent Dr. Reddy’s from selling a generic version of Suboxone Film opioid addiction treatment.

The Telecom Tribunal cancelled a Rs2,000cr demand on Reliance Communications, upholding the company’s petition against Telecom Department on one-time spectrum charge issue.

Coal India approved a buyback of 4.46cr equity shares or 0.72% of outstanding equity shares at Rs235 per share aggregating up to Rs1,050cr.

M&M said that the company will offer pro-active inspection of Rear Axles on its Imperio vehicles manufactured between April to June last year. Inspection to be carried out free of cost and the company also stated that this action is in compliance with SIAMs voluntary code on voluntary recall.

Ashok Leyland acquired 4.50 lakh shares, constituting 11.25% in the paid-up share capital of Ashley Aviation.

HEG board has approved the appointment of Gulshan Kumar Sakhuja as Chief Financial Officer of the company while group arm-Bhilwara Energy’s Chief Executive Officer OP Ajmera will also become the group CFO.

Moody’s has changed Vedanta’s outlook to negative from stable, affirms all ratings.

Bharat Financial Inclusion completed its seventh direct assignment transaction of Rs751cr. With this, the company said direct assignment transactions worth Rs5,448.4 have been completed in financial year 2019.

IDBI Bank applied for a name change post LIC’s acquisition of majority shareholding. The bank sought approval for name change to LIC IDBI Bank (first preference) or LIC Bank (second preference).

Results today: Tech Mahindra, Punjab National Bank, Hindustan Petroleum Corporation, DLF, GAIL (India), ACC, BHEL, Marico, IDFC First Bank, Apollo Tyres, Prataap Snacks, Aditya Birla Capital, Suven Life Sciences, Blue Star, Tube Investments of India, Future Enterprises, Future Enterprises, Snowman Logistics, Spice Mobility, Tata Chemicals, Sutlej Textiles, SEL Manufacturing Company, Arshiya, V-Mart Retail, Uttam Galva Steels, Usha Martin, Trent, Bombay Dyeing, Birla Corporation, Jai Corp, HCL Infosystems, Torrent Power, Jai Balaji Industries, De Nora India, GeeCee Ventures, Allied Digital Services, Tata Global Beverages, Asahi Songwon Colors, Symphony, LT Foods, Trigyn Technologies, Oswal Agro Mills, DPSC, Century Plyboards (India), Hotel Rugby, Oswal Chemicals & Fertilizers, United Bank of India, JBF Industries, Ador Welding, Mangalore Refinery and Petrochemicals, Kamat Hotels, Dish TV India, Reliance Infrastructure, PTL Enterprises, Alkali Metals, INOX Leisure, Timken India, Indian Card Clothing Company, Sobha, CESC, RPG Life Sciences, Brigade Enterprises

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